374 [Powers of FCA or PRA] to participate in proceedings
374 [Powers of FCA or PRA] to participate in proceedings

(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 [2016] 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—

(a)     at the hearing of the petition; and

(b)     at any other hearing in relation to the individual or entity under—

(i)     Part IX of the 1986 Act;

(ii)     Part IX of the 1989 Order; or

(iii)     the [2016] Act.