Sch 14 para 19
(1) Section 371 (power to participate in proceedings: winding up by the court) is amended as follows. (2) In subsection (1)— (a) omit “other than the Authority”, and (b) in paragraph (a), after “authorised person” insert “ or recognised investment exchange ” . (3) In subsections (2) to (5), for “Authority” substitute “ appropriate regulator ” . (4) After subsection (5) insert— (6) The appropriate regulator” means— (a) for the purposes of subsections (2), (3) and (5)— (i) where the body is a PRA-regulated person, each of the FCA and the PRA, and (ii) in any other case, the FCA; (b) for the purposes of subsection (4)— (i) where the body is a PRA-regulated person, the FCA or the PRA, and (ii) in any other case, the FCA. (7) But where the petition was presented by a regulator “ the appropriate regulator ” does not include the regulator which presented the petition. (5) In the heading, for “Authority's powers” substitute “ Powers of FCA and PRA ” .