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Compensation Compensation

United Kingdom

  1. 49Orders
  2. 50Sale to private sector purchaser
  3. 51Transfer to temporary public ownership
  4. 52Transfer to resolution company
  5. 52ABail-in option
  6. 53Onward and reverse transfers etc
  7. 54Independent valuer: compensation scheme order or bail-in compensation order
  8. 55Independent valuer: supplemental
  9. 56Independent valuer: money
  10. 57Valuation principles
  11. 58Resolution fund
  12. 59Third party compensation: discretionary provision
  13. 60Third party compensation: mandatory provision
  14. 60AFurther mandatory provision: bail-in provision
  15. 60BPrinciple of no less favourable treatment
  16. 61Sources of compensation
  17. 62Procedure

Notes on Part 1

Modifications

C1

Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2

C2

Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2

Notes on Chapter 3

Textual amendments

F1

Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7