Article 13 Repayment of recovered money

This article applies where the scheme manager receives money under section 62 of the Banking Act^f1 or section 28 of the Building Societies Act^f2 (“recovered money”).

Where this article applies, the scheme manager must prepare and carry out a scheme for the repayment of recovered money to such persons, and in such amounts, as the scheme manager considers fair and equitable in the circumstances, having regard to the payments made by such persons by way of contributions or levies payable to the scheme manager, the Deposit Protection Board or the Building Societies Investor Protection Board.