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The Northern Rock plc Compensation Scheme Order 2008

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Northern Rock plc Compensation Scheme Order 2008 No. 718

  1. Introductory Text

  2. 1.(1) This Order may be cited as the Northern Rock...

  3. 2.The Northern Rock plc Compensation Scheme set out in the...

  4. Signature

    1. SCHEDULE

      The Northern Rock plc Compensation Scheme

      1. PART 1 General provisions

        1. 1.Citation

        2. 2.Interpretation

      2. PART 2 Determination of amount of compensation

        1. 3.Transfer of Northern Rock shares

        2. 4.Extinguishment of subscription rights

        3. 5.Modification of rights in relevant instruments

        4. 6.Valuation assumptions

      3. PART 3 Independent valuer

        1. 7.Appointment of independent valuer

        2. 8.Remuneration

        3. 9.Appointment of staff

      4. PART 4 Assessment of compensation by valuer

        1. 10.Procedure

        2. 11.Assessment notice

        3. 12.Reconsideration of assessment notice

        4. 13.Right to refer to the Tribunal

        5. 14.Payment of compensation

      5. PART 5 References to the Tribunal

        1. 15.Application of FSMA 2000

        2. 16.Modification of FSMA 2000

        3. 17.Modification of FSMA 2000

        4. 18.Modification of FSMA 2000

        5. 19.Modification of FSMA 2000

        6. 20.Modification of Financial Services and Markets Tribunal Rules 2001

        7. 21.Modification of Financial Services and Markets Tribunal Rules 2001

        8. 22.Modification of Financial Services and Markets Tribunal Rules 2001

        9. 23.Modification of Financial Services and Markets Tribunal Rules 2001

        10. 24.Modification of Financial Services and Markets Tribunal Rules 2001

        11. 25.Modification of Financial Services and Markets Tribunal Rules 2001

        12. 26.Modification of Financial Services and Markets Tribunal Rules 2001

        13. 27.Modification of Financial Services and Markets Tribunal Rules 2001

        14. 28.Modification of Financial Services and Markets Tribunal Rules 2001

  5. Explanatory Note

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