This section has no associated Explanatory Notes
2(1)Section 212 (the scheme manager) is amended as follows.
(2)For subsections (1) and (2) substitute—
“(1)The scheme manager” means the body corporate established by the Financial Services Authority under this section as originally enacted.
(2)The regulators must take such steps as are necessary to ensure that the scheme manager is, at all times, capable of exercising the functions conferred on it by or under this Part or Part 15A.”
(3)In subsections (4) and (5) for “Authority” substitute “regulators”.
(4)In subsection (7), omit “board members,”.