Article 3 FCA rule makingI1

United Kingdom

The FCA may make rules under section 213(1) of the Act establishing a scheme for compensating persons in cases where relevant persons or successors are unable, or likely to be unable, to satisfy claims against them except—

F1(a)

those claims set out in article 2 F2, and

(b)

claims against an authorised reclaim fund (as defined in section 26 of the Dormant Assets Act 2022).

Annotations

Textual amendments

F1: Words in art. 3 renumbered as art. 3(a) (6.6.2022) by Dormant Assets Act 2022 (c. 5), ss. 28(3)(a), 34(3) (with s. 28(4)); S.I. 2022/582, reg. 2
F2: Art. 3(b) and word inserted (6.6.2022) by Dormant Assets Act 2022 (c. 5), ss. 28(3)(b), 34(3) (with s. 28(4)); S.I. 2022/582, reg. 2

Commencement

I1: Art. 3 in force at 1.4.2013, see art. 1(1)