[124C Petition for winding up of SCE]
[124C Petition for winding up of SCE]

[(1)     Where, in the case of an SCE whose registered office is in Great Britain—

(a)     there has been such a breach as is mentioned in Article 73(1) of Council Regulation (EC) No 1435/2003 on the Statute for a European Cooperative Society (SCE) (the “European Cooperative Society Regulation”) (winding up by the court or other competent authority), and

(b)     it appears to the [Financial Conduct Authority] that the SCE should be wound up,

the Authority may present a petition for the SCE to be wound up if the court thinks it is just and equitable for it to be so.

(2)     Where, in the case of an SCE whose registered office is in Great Britain—