(1) This section applies in relation to a company which—
(a) is being wound up voluntarily;
(b) is an authorised person [or recognised investment exchange]; and
(c) is not an insurer effecting or carrying out contracts of long-term insurance.
(2) The [appropriate regulator] may apply to the court under section 112 of the 1986 Act (or Article 98 of the 1989 Order) in respect of the company.
(3) The [appropriate regulator] is entitled to be heard at any hearing of the court in relation to the voluntary winding up of the
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