Regulation 78 Payments to specified administrators

The deposit management organisation may make payments to a specified administrator in connection with the operation of the Scheme or a specified scheme, including, but not limited to, payments equal to the total of any refunds paid by the specified administrator in respect of refund items returned through the specified scheme.

In this regulation—

• “specified administrator” (“gweinyddwr penodedig”) means—

  1. (a)

     an England and Northern Ireland scheme administrator, or

  2. (b)

     a Scottish deposit administrator;

• “specified scheme” (“cynllun penodedig”) means—

  1. (a)

     an England and Northern Ireland deposit scheme, or

  2. (b)

     a Scottish deposit and return scheme.