Part XXIV

Insolvency

Supplemental provisions concerning insurers

Powers of the FCA and PRA to participate in proceedings
377D
1
This section applies if an application is made to the court for a write-down order.
2
The FCA and the PRA are entitled to be heard—
a
at any hearing relating to the application, and
b
if an order is made, at any hearing relating to the order.
3
Any notice or other document required to be sent to a creditor of the insurer—
a
in relation to the application, or
b
if an order is made, in relation to the order,
must also be sent to the FCA and the PRA.
Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2017/752, Sch. 6 para. 9 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(1))
Pt. 24 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 166(2), 167(2), Sch. 2, Sch. 3 (with regs. 168, 189)
Ss. 377A-377J inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(e), Sch. 12 para. 1(4)
Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2011/99, Sch. 3 para. 7 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(2))