Regulation 4 Resolution fund order to include third party compensation order
In Case 2, Case 3 or Case 4, where a compensation scheme order or resolution fund order is required to be made in relation to—
(a)
the property transfer instrument, or
(b)
the third country instrument making provision which could be made in a property transfer instrument,
that order must include a third party compensation orderf1.
Annotations
Footnotes
- f1
-
Defined in section 49(4) of the Act.