(1) This section applies if a person . . . presents a petition to the court—
(a) under section 264 of the 1986 Act (or Article 238 of the 1989 Order) for a bankruptcy order to be made against an individual;
(b) under section [2 or 5 of the 2016] Act for the sequestration of the estate of an individual; or
(c) under section 6 of the  Act for the sequestration of the estate belonging to or held for or jointly by the members of an entity mentioned in subsection (1) of that section.
(2) The [appropriate regulator] is entitled to be heard—
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