http://www.legislation.gov.uk/ukpga/2000/8/section/365/2002-08-21Financial Services and Markets Act 2000An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.2000-06-15texttext/xmlenStatute Law Database2026-04-072002-07-18 Part XXIV Insolvency Voluntary winding up Authority’s powers to participate in proceedings.3651This section applies in relation to a company which—ais being wound up voluntarily;bis an authorised person; andcis not an insurer effecting or carrying out contracts of long-term insurance.2The Authority may apply to the court under section 112 of the 1986 Act (or Article 98 of the 1989 Order) in respect of the company.3The Authority is entitled to be heard at any hearing of the court in relation to the voluntary winding up of the company.4Any notice or other document required to be sent to a creditor of the company must also be sent to the Authority.5A person appointed for the purpose by the Authority is entitled—ato attend any meeting of creditors of the company summoned under any enactment;bto attend any meeting of a committee established under section 101 of the 1986 Act (or Article 87 of the 1989 Order); andcto make representations as to any matter for decision at such a meeting.6The voluntary winding up of the company does not bar the right of the Authority to have it wound up by the court.7If, during the course of the winding up of the company, a compromise or arrangement is proposed between the company and its creditors, or any class of them, the Authority may apply to the court under section 425 of the Companies Act 1985 (or Article 418 of the Companies (Northern Ireland) Order 1986).S. 365 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 61985 c. 6. S.I. 1986/1032 (N.I. 6).