Part XXIVInsolvency

Winding up by the court

368Winding-up petitions: EEA and Treaty firms

The Authority 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 has been asked to do so by the home state regulator of the firm concerned.