(1) The [FCA] may present a petition to the court for the winding up of a body which—
(a) is, or has been, an authorised person [or recognised investment exchange];
(b) is, or has been, an appointed representative; or
(c) is carrying on, or has carried on, a regulated activity in contravention of the general prohibition.
[(1A) The PRA may present a petition to the court for the winding up of a body which is a PRA-regulated person.]
(2) In [subsections (1) and (1A)] “body” includes any partnership.
(3) On such a petition, the court may wind up the body if—
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