- 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
2. In this Scheme—
“assessment notice” has the meaning given by paragraph 11;
“Northern Rock” means Northern Rock plc, company registered number 3273685;
“revised assessment notice” has the meaning given by paragraph 12;
“shares in Northern Rock” means the ordinary shares, foundation shares and preference shares issued by Northern Rock;
“the Act” means the Banking (Special Provisions) Act 2008;
“the Transfer Order” means the Northern Rock plc Transfer Order 2008(1);
“the transfer time” means the beginning of 22nd February 2008;
“the Tribunal” means the Financial Services and Markets Tribunal;
“valuer” means the independent valuer appointed by the Treasury in accordance with paragraph 7.
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