s 377C Application for a write-down order
(1) An application to the court for a write-down order in relation to an insurer may be made only by— (a) the Treasury; (b) the PRA; (c) the insurer; (d) a shareholder of the insurer; (e) a policyholder or other creditor (including a contingent or prospective creditor) of the insurer. (2) An application for a write-down order may not be withdrawn without the permission of the court. (3) A person other than the PRA or the Treasury— (a) must obtain the consent of the PRA before making an application for a write-down order; (b) must notify the PRA before seeking the court’s permission to withdraw an application for a write-down order. (4) Consent under subsection (3) — (a) must be in writing, and (b) must be filed with the court with the relevant application. (5) The PRA must consult the FCA before— (a) making an application for a write-down order, or (b) giving or refusing consent for a person to make an application for a write-down order.