Section 372 Petitions.I1

under section 264 of the 1986 Act (or Article 238 of the 1989 Order) for a bankruptcy order to be made against an individual; or

under section F22 or 5 of the 2016 Act for the sequestration of the estate of an individual.

under section 264 of the 1986 Act (or Article 238 of the 1989 Order) for a bankruptcy order to be made against an individual who is a PRA-regulated person;

under section F42 or 5 of the 2016 Act for the sequestration of the estate of an individual who is a PRA-regulated person.

the individual appears to be unable to pay a regulated activity debt; or

the individual appears to have no reasonable prospect of being able to pay a regulated activity debt.

F6a regulator has served on him a demand requiring him to establish to the satisfaction of F7that regulator that there is a reasonable prospect that he will be able to pay a sum payable under an agreement when it falls due;

at least three weeks have elapsed since the demand was served; and

the demand has been neither complied with nor set aside in accordance with rules.

F9the regulator by which the petition is presented is to be treated as a qualified creditor; and

a ground mentioned in subsection (2) constitutes apparent insolvency.

who is, or has been, an authorised person; or

who is carrying on, or has carried on, a regulated activity in contravention of the general prohibition.

in England and Wales, rules made under section 412 of the 1986 Act;

in Scotland, rules made by order by the Treasury, after consultation with the Scottish Ministers, for the purposes of this section; and

in Northern Ireland, rules made under Article 359 of the 1989 Order.