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Section 224C: Power to require FSCS manager to act on behalf of manager of relevant scheme

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

Part 15A: Power to require FSCS manager to act in relation to other schemes

This section applies if compensation is payable under a relevant scheme.

The Treasury may by notice require the FSCS manager to exercise (on behalf of the manager of the relevant scheme) specified functions in respect of specified claims for compensation under the relevant scheme.

A notice may be given only with the consent of the manager of the relevant scheme.

In subsection (2) "specified" means specified, or of a description specified, in the notice.

Claims or descriptions of claims may be specified by reference to the persons or description of persons whose claims they are.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.