Financial Services and Markets Act 2000 (c. 8)

Part XXIV U.K. Insolvency

Administration orders U.K.

361 Administrator’s duty to report to Authority. U.K.

(1) If—

(a) an administration order is in force in relation to a company or partnership by virtue of a petition presented by a person other than the Authority, and

(b) it appears to the administrator that the company or partnership is carrying on, or has carried on, a regulated activity in contravention of the general prohibition,

the administrator must report the matter to the Authority without delay.

(2) “An administration order” means an administration order under Part II of the 1986 Act (or Part III of the 1989 Order).

Modifications etc. (not altering text)

C1 S. 361 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6