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Section 377D: Powers of the FCA and PRA to participate in proceedings

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

Part XXIV: Insolvency

This section applies if an application is made to the court for a write-down order.

The FCA and the PRA are entitled to be heard—

at any hearing relating to the application, and
if an order is made, at any hearing relating to the order.

Any notice or other document required to be sent to a creditor of the insurer—

in relation to the application, or
if an order is made, in relation to the order,

must also be sent to the FCA and the PRA.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.