Article 9 Compensation arrangements

(1)

The General Council of the Bar may make compensation arrangements^f1.

(2)

For the purpose of giving effect to paragraph (1) the General Council of the Bar may make rules which authorise or require it to make particular arrangements and such rules may include—

(a)

establishing and maintaining one or more funds;

(b)

requiring a relevant authorised person or a relevant authorised person of a description specified by the rules to contribute to any fund established and maintained by virtue of sub-paragraph (a) by making periodical payments as specified by the rules to the General Council of the Bar;

(c)

provision as to the investment of any money that forms part of any fund established and maintained by sub-paragraph (a) and otherwise as to the management, administration, insurance or protection of such fund;

(d)

provision as to the taking out and maintaining of insurance with authorised insurers by the General Council of the Bar;

(e)

requiring a relevant authorised person or a relevant authorised person of a description specified in the rules to contribute to the premium payable on any insurance policy maintained by virtue of sub-paragraph (d) by making periodical payments as specified by the rules;

(f)

provision as to the mangement and administration of any insurance policy taken out and maintained by virtue of sub-paragraph (d);

(g)

requiring a relevant authorised person or a relevant authorised person of a description specified in the rules to take out and maintain insurance with authorised insurers;

(h)

prescribing the conditions which an insurance policy taken out and maintained by virtue of sub-paragraph (g) must satisfy;

(i)

the circumstances in which a compensation claim may and may not be made;

(j)

the form and manner in which a compensation claim is to be made;

(k)

the procedure for determining a compensation claim;

(l)

the extent to which discretion may be exercised by the General Council of the Bar in determining whether payment in respect of a compensation claim should be made, and

(m)

the minimum and maximum amounts payable in respect of a compensation claim or a compensation claim of a description specified in the rules.

(3)

In this article “compensation claim” means a claim for a grant or other payment under compensation arrangements made by the General Council of the Bar.

Annotations

Footnotes

f1: “Compensation arrangements” is defined in section 21(2) of the Act.