{
  "url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-5",
  "json_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-5.json",
  "legislation": "ukdsi/2014/9780111123706",
  "legislation_title": "The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Mandatory provisions: appointment of independent valuer",
  "text": "(1) A relevant compensation order must include provision for a person (“an independent valuer”) to be appointed to determine—\n(a) whether all relevant persons, a class of relevant persons or a particular relevant person should be paid compensation, and\n(b) if compensation should be paid, what amount is to be paid.\n(2) In these Regulations, “relevant persons” means the pre-resolution shareholders and creditors (within the meaning of section 60B(3) of the Act).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2009 c. 1; section 60B was inserted by the Financial Services (Banking Reform) Act 2013 (c. 33), Schedule 2, paragraph 6(8)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123706/regulation/5",
    "retrieved_at": "2026-10-30T15:11:35.919978+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}