Part XXIV Insolvency

Winding up by the court

C1C2368 Winding-up petitions: EEA and Treaty firms.

F21

F1A 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 F3or the other regulator has been asked to do so by the home state regulator of the firm concerned.

F42

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.