The FSCS may determine a successor to be in default if it is satisfied that a protected claim exists (other than an ICD claim against a successor that is a MiFID investment firm), and the successor is the subject of one or more of the following proceedings in the United Kingdom (or of equivalent or similar proceedings in another jurisdiction):
the passing of a resolution for a creditors' voluntary winding up; or
the appointment of a liquidator or administrator, or provisional liquidator or interim manager; or
the making of an order by a court of competent jurisdiction for the winding up of a company, the dissolution of a partnership, the administration of a company or partnership, or the bankruptcy of an individual; or
the approval of a company voluntary arrangement, a partnership voluntary arrangement, or an individual voluntary .
For claims arising in connection with protected investment business, protected home finance mediation or protected non-investment insurance mediation, the FSCS has the additional power to determine that a successor is in default if it is satisfied that a protected claim exists and:
the FSCS is satisfied that the successor cannot be contacted at its last place of business and that reasonable steps have been taken to establish a forwarding or current address, but without success; and