Regulation 3 Requirement to include a third party compensation order

(1)

A compensation scheme order M1 or a resolution fund order M2 made in the cases in which these Regulations apply must include a third party compensation order M3.

(2)

Regulations 4 to 9 set out provisions which must be included in a such a third party compensation order (“a third party compensation order in relation to a partial property transfer”); regulation 10 sets out provisions which may be included in such an order.

Annotations

Marginal citations

M1: “Compensation scheme order” is defined in section 49(2) of the Act.
M2: “Resolution fund order” is defined in section 49(3) of the Act.
M3: “Third party compensation order” is defined in section 49(4) of the Act.