[370 Liquidator's duty to report to FCA and PRA]
[370 Liquidator's duty to report to FCA and PRA]

[(1)     If—

(a)     a company is being wound up voluntarily or a body is being wound up on a petition presented by any person, and

(b)     it appears to the liquidator that the company or body is carrying on, or has carried on—

(i)     a regulated activity in contravention of the general prohibition, or

(ii)     a credit-related regulated activity in contravention of section 20,

the liquidator must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA.

(2)     Subsection (1) does not apply where—

(a)     a body is being wound up on a petition presented by a regulator, and