C3C4C5C6 Part XV The Financial Services Compensation Scheme

Annotations:
Modifications etc. (not altering text)
C4

Pt. 15 modified (29.9.2008 at 8.00 a.m.) by The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008 (S.I. 2008/2546), art. 29 (with art. 30(6))

C5

Pt. 15 modified (7.10.2008 at 9.30 a.m.) by The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2644), art. 14 (with art. 15(8)

C6

Pt. 15 modified (8.10.2008 at 12.15 p.m.) by The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2674), art. 15 (with art. 16(8))

Miscellaneous

C1I1224 Scheme manager’s power to inspect documents held by Official Receiver etc.

1

If, as a result of the insolvency or bankruptcy of a relevant person, F1or a successor falling within section 213(1)(b), any documents have come into the possession of a person to whom this section applies, he must permit any person authorised by the scheme manager to inspect the documents for the purpose of establishing—

a

the identity of persons to whom the scheme manager may be liable to make a payment in accordance with the compensation scheme; or

b

the amount of any payment which the scheme manager may be liable to make.

2

A person inspecting a document under this section may take copies or extracts from the document.

C23

In this section “relevant person” means a person who was—

a

an authorised person at the time the act or omission which may give rise to the liability mentioned in subsection (1)(a) took place; or

b

an appointed representative at that time.

4

But a person who, at that time—

a

qualified for authorisation under Schedule 3, and

b

fell within a prescribed category,

is not to be regarded as a relevant person for the purposes of this section in relation to any activities for which he had permission as a result of any provision of, or made under, that Schedule unless he had elected to participate in the scheme in relation to those activities at that time.

5

This section applies to—

a

the Official Receiver;

b

the Official Receiver for Northern Ireland; and

c

the Accountant in Bankruptcy.