Sch 14 para 12
(1) Section 365 (powers to participate in proceedings: voluntary winding up) is amended as follows. (2) In subsection (1)(b), after “authorised person” insert “ or recognised investment exchange ” . (3) In subsections (2) to (7), for “Authority” substitute “ appropriate regulator ” . (4) After subsection (7) insert— (8) The appropriate regulator” means— (a) for the purposes of subsections (2) to (4), (6) and (7)— (i) where the company is a PRA-authorised person, each of the FCA and the PRA, and (ii) in any other case, the FCA; (b) for the purposes of subsection (5)— (i) where the company is a PRA-authorised person, the FCA or the PRA, and (ii) in any other case, the FCA. (5) In the heading, for “Authority's powers” substitute “ Powers of FCA and PRA ” .