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Introductory Text
PART 1 General
1.Citation and commencement
2.Interpretation
PART 2 Dunfermline Compensation Scheme
3.Transfer of the Nationwide business: determination of amount of compensation
PART 3 Independent valuer
4.Functions of the independent valuer
5.Appointment of the independent valuer
PART 4 Dunfermline Resolution Fund
6.Transfer of the Bridge Bank business: resolution fund
7.Payments into the resolution fund
8.Entitlement to the moneys in the resolution fund and payments out of the resolution fund
PART 5 Third Party Compensation
9.Third party compensation
10.Payment of compensation
PART 6 Financial Services Compensation Scheme
11.Assessment of recoveries
Signature
SCHEDULE 1
The Dunfermline Resolution Fund
PART 1 Arrangements for the Dunfermline Resolution Account
1.The Dunfermline Resolution Account
2.Annual report and accounts
PART 2 Arrangements for making payments into the Dunfermline Resolution Account
3.Payments into the resolution fund
PART 3 Arrangements for making payments from, and entitlements to, the Dunfermline Resolution Account
4.Payments from the resolution fund
5.Payments to the Treasury and the Bank of England
6.Entitlement to the resolution fund: Dunfermline
7.Certification of costs
SCHEDULE 2
The Dunfermline Third Party Compensation Scheme
PART 1 General provisions
1.Citation
PART 2 Determination of amount of compensation: third parties affected by the application of section 38(6) of the Act
3.Third party compensation: persons affected by the application of section 38(6) of the Act
4.Assessment notice
PART 3 Determination of amount of compensation: pre-transfer creditors
5.Third party compensation: pre-transfer creditors of Dunfermline
6.Assessment of insolvency treatment
7.Assessment of compensation: transferred creditors
8.Assessment of compensation: remaining creditors
9.Valuation principles
10.Assessment notice
11.Interim payments
12.Balancing payments
PART 4 Payment of compensation
13.Payment of compensation
Explanatory Note