{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-370",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-370.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/370",
  "kind": "section",
  "number": "370",
  "heading": "Liquidator's duty to report to FCA and PRA",
  "text": "(1) If—\n(a) a company is being wound up voluntarily or a body is being wound up on a petition presented by any person, and\n(b) it appears to the liquidator that the company or body is carrying on, or has carried on—\n(i) a regulated activity in contravention of the general prohibition, or\n(ii) a credit-related regulated activity in contravention of section 20,\nthe liquidator must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA.\n(2) Subsection (1) does not apply where—\n(a) a body is being wound up on a petition presented by a regulator, and\n(b) the regulator's petition depended on a contravention by the body of the general prohibition.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 370 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 18 (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 370 modified (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 17(14) (with reg. 24)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/370",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}