373 Insolvency practitioner's duty to report [to FCA and PRA]
373 Insolvency practitioner's duty to report [to FCA and PRA]

(1)     If—

(a)     a bankruptcy order or sequestration award is in force in relation to an individual . . ., and

(b)     it appears to the insolvency practitioner that the individual 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 insolvency practitioner must report the matter [without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA].

[(1A)     Subsection (1) does not apply where—

(a)     the bankruptcy order or sequestration award is in force by virtue of a petition presented by a regulator, and

(b)     the regulator's petition depended on a contravention by the individual of the general prohibition.]