SCHEDULES
SCHEDULE 14

Amendments of Part 24 of FSMA 2000: insolvency
15
1
Section 368 (winding-up petitions: EEA and Treaty firms) is amended as follows.
2
The existing provision becomes subsection (1).
3
In that subsection—
a
for “The Authority” substitute “ A regulator ”, and
b
after “it” insert “ or the other regulator ”.
4
After that subsection insert—
2
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.
Sch. 14 para. 15 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.