Part XXIV Insolvency

Receivership

364 Receiver’s duty to report to F1FCA and PRA

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.