Part 4Financial Services Compensation Scheme

I1177Payments in error

After section 223B of the Financial Services and Markets Act 2000 (borrowing from National Loans Fund–inserted by section 173 above) insert—

223CPayments in error

1

Payments made by the scheme manager in error may be provided for in setting a levy by virtue of section 213, 214A, 214B or 223B.

2

This section does not apply to payments made in bad faith.