Section 224A: Functions under the Banking Act 2009

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XV: The Financial Services Compensation Scheme

A reference in this Part to functions of the scheme manager (including a reference to functions conferred by or under this Part) includes a reference to functions conferred by or under the Banking Act 2009.

Any payment required to be made by the scheme manager by virtue of section 61 of that Act (special resolution regime: compensation) is to be treated for the purposes of this Part as an expense under the compensation scheme.

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