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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

Modification of Financial Services and Markets Tribunal Rules 2001

This section has no associated Explanatory Memorandum

22.  In rule 2 (interpretation)—

(a)omit the definitions for “the Authority”, “Authority notice”, “further material”, “protected item”, “reply” and “statement of case”;

(b)in the definition of “party”, for “Authority”, in both places where it occurs, substitute “respondent”;

(c)in the definition of “referred action” for “the act (or proposed act) on the part of the Authority” substitute “the revised assessment notice”;

(d)for the definition of “response document” substitute “means a statement filed by the respondent under rule 5(1);”; and

(e)in the appropriate place insert—

“respondent” means the independent valuer appointed under paragraph 7 of the Schedule to the Northern Rock plc Compensation Scheme Order 2008;”;

“revised assessment notice” means the revised assessment notice issued by the respondent under paragraph 12 of the Schedule to the Northern Rock plc Compensation Scheme Order 2008;.

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