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Financial Services Act 2021
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This version of this cross heading contains provisions that are prospective.
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Changes to legislation:
Financial Services Act 2021, Paragraph 10 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 8 Paragraph 10:
- specified provision(s) amendment to earlier commencing S.I. 2021/671, reg. 5 by S.I. 2021/1163 reg. 2
Prospective
This section has no associated Explanatory Notes
10U.K.After section 367 insert—
“367AWinding-up petitions: Gibraltar-based persons
(1)A regulator may not present a petition to the court under section 367 for the winding up of a Gibraltar-based person who has a Schedule 2A permission unless either regulator has been asked to do so by the Gibraltar regulator.
(2)If a regulator receives a request from the Gibraltar regulator to present a petition to the court under section 367 for the winding up of a Gibraltar-based person who has a Schedule 2A permission, it must—
(a)notify the other regulator of the request, and
(b)provide the other regulator with such information relating to the request as it thinks fit.
(3)In this section, “the Gibraltar regulator” has the meaning given in Schedule 2A (see paragraph 2 of that Schedule).”
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