# The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014, Regulation 5: Mandatory provisions: appointment of independent valuer


(1) A relevant compensation order must include provision for a person (“an independent valuer”) to be appointed to determine—
(a) whether all relevant persons, a class of relevant persons or a particular relevant person should be paid compensation, and
(b) if compensation should be paid, what amount is to be paid.
(2) In these Regulations, “relevant persons” means the pre-resolution shareholders and creditors (within the meaning of section 60B(3) of the Act).

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123706/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.