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Status: You are viewing the version of the handbook as on 2019-04-01.

REC 3.11 Insolvency events

REC 3.11.1RRP

On:

  1. (1)

    the presentation of a petition for the winding up of a UK recognised body (or the commencement of any similar or analogous proceedings under the law of a jurisdiction outside the United Kingdom); or

  2. (2)

    the appointment of a receiver, administrator, liquidator, trustee or sequestrator of assets of that body (or of any similar or analogous appointment under the laws of a jurisdiction outside the United Kingdom); or

  3. (3)

    the making of a voluntary arrangement by that body with its creditors (or of any similar or analogous arrangement under the law of a jurisdiction outside the United Kingdom);

that body must immediately give the FCA 1notice of that event.

1