371 [Powers of FCA and PRA] to participate in proceedings
371 [Powers of FCA and PRA] to participate in proceedings

(1)     This section applies if a person . . . presents a petition 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.

(2)     The [appropriate regulator] is entitled to be heard—

(a)     at the hearing of the petition; and

(b)     at any other hearing of the court in relation to the body under or by virtue of Part IV or V of the 1986 Act (or Part V or VI of the 1989 Order).

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