s 370 Liquidator's duty to report to FCA and PRA
(1) If— (a) a company is being wound up voluntarily or a body is being wound up on a petition presented by any person, and (b) it appears to the liquidator that the company or body is carrying on, or has carried on— (i) a regulated activity in contravention of the general prohibition, or (ii) a credit-related regulated activity in contravention of section 20, the liquidator must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA. (2) Subsection (1) does not apply where— (a) a body is being wound up on a petition presented by a regulator, and (b) the regulator's petition depended on a contravention by the body of the general prohibition.