364 Receiver’s duty to report to [F1FCA and PRA] U.K.
If—
(a)a receiver has been appointed in relation to a company, and
(b)it appears to the receiver that the company is carrying on, or has carried on, a regulated activity in contravention of the general prohibition [F2or a credit-related regulated activity in contravention of section 20],
the receiver must report the matter [F3without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA].
Textual Amendments
F1Words in s. 364 heading substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 11(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Words in s. 364(b) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 11(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Words in s. 364 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 11(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Modifications etc. (not altering text)
C1S. 364 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C2Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6