11 Final notification (interim payments)
1 This regulation applies where the scheme manager has made an interim payment.
2 After—
(a) the Treasury have established—
(i) the net cost of resolution in accordance with regulation 7,
(ii) the scheme manager’s limit in accordance with regulation 8, and
(iii) the total cost of interim payments in accordance with regulation 9, and
(b) verification in accordance with regulation 12,
the Treasury shall calculate the amount of any balancing payment due from the scheme manager or the Treasury in accordance with Part 4 of Schedule 1 and send a final notification to the scheme manager.
3 Where under the final notification a balancing payment is due from the scheme manager, the final notification shall set out to whom that payment should be made, and it shall be paid together with interest accruing on that amount at the notified rate from the date the final notification is sent until the date of payment.
4 Where under the final notification a balancing payment is due from the Treasury to the scheme manager, it shall be paid within 7 days together with interest accruing on that amount at the notified rate from the day the final notification is sent until the day of payment.