Section 364: Receiver's duty to report to FCA and PRA

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XXIV: Insolvency

If—

a receiver has been appointed in relation to a company, and
it appears to the receiver that the company is carrying on, or has carried on, a regulated activity in contravention of the general prohibition or a credit-related regulated activity in contravention of section 20,

the receiver must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA.

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