7 Independent valuer
1 After making a notification under regulation 4(1), the Treasury must make arrangements for an independent valuer to perform the function in regulation 8(1).
2 Where section 54 of the 2009 Act applies and the Treasury makes provision for the appointment of an independent valuer in a compensation scheme order, a resolution fund order or a third party compensation scheme order, the Treasury may specify that the independent valuer may perform the function in regulation 8(1).
3 Where the Treasury do not make the specification in paragraph (2), Part 1 of the Schedule to these Regulations shall apply.