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Regulation 8 Payments under the Financial Services Compensation Scheme

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A payment made by way of compensation under the Financial Services Compensation Scheme if—

(a)

the payment does not exceed £2,000; and

(b)

it extinguishes the member’s entitlement to benefits under the pension scheme.

(2)

The reference in paragraph (1) to the Financial Services Compensation Scheme is to the scheme established by Part 15 of the Financial Services and Markets Act 2000f1.

Annotations

Footnotes

f1

2000 c. 8. There are amendments, but none is relevant.