(1)Compensation is awarded by the regulator giving notice (a “compensation notice”) to—
(a)the registered provider, and
(b)the person to be compensated.
(2)The notice must specify—
(a)the grounds on which the compensation is awarded,
(b)the amount of the compensation,
(c)the person to be compensated,
(d)any interest or additional compensation which, by virtue of section 244(2), is payable in the event of late payment, and
(e)a period within which it must be paid.
(3)The notice may require the registered provider to publish information about the compensation award in a specified manner.
(4)The notice must explain the effect of sections 244(1) and (3) and 245.
(5)The Secretary of State—
(a)shall make regulations about the period under subsection (2)(e),
(b)may make other regulations about the form and content of a compensation notice, and
(c)may make regulations about the manner in which a compensation notice is given.