C3Part XXIV Insolvency

Annotations:
Modifications etc. (not altering text)
C3

Pt. 24 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 166(2), 167(2), Sch. 2, Sch. 3 (with regs. 168, 189)

Winding up by the court

C1C2C4368 Winding-up petitions: EEA and Treaty firms.

F11

F3A regulator may not present a petition to the court under section 367 for the winding up of—

a

an EEA firm which qualifies for authorisation under Schedule 3, or

b

a Treaty firm which qualifies for authorisation under Schedule 4,

unless it F4or the other regulator has been asked to do so by the home state regulator of the firm concerned.

F22

If a regulator receives from the home state regulator of a body falling within subsection (1)(a) or (b) a request to present a petition to the court under section 367 for the winding up of the body, 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.