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The Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009
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- 2009 No. 319
- Regulation 9
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Mandatory provisions – valuations provided by creditors
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9. A third party compensation order in relation to a partial property transfer must make provision requiring the independent valuer to have regard to any information provided by a pre-transfer creditor which is relevant to the exercise of the independent valuer’s functions under the order; in particular, the independent valuer must have regard to any information which relates to the assessment of the insolvency treatment required by regulation 5(2) or the assessment of the actual treatment required by regulation 5(3).
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