The Transfer of Tribunal Functions Order 2010

Bradford & Bingley plc Compensation Scheme Order 2008

176.  In the Schedule to the Bradford & Bingley plc Compensation Scheme Order 2008(1) (the Bradford & Bingley plc compensation scheme)—

(a) in paragraph 2 (interpretation) omit the definition of “the Tribunal”;

(b) in paragraph 12 and the heading (right to refer to the Tribunal) for “Tribunal” substitute “Upper Tribunal”;

(c) in paragraph 13(2)(b) (payment of compensation) for “Tribunal” substitute “Upper Tribunal”;

(d) in the heading of Part 5 (references to the Tribunal) for “Tribunal” substitute “Upper Tribunal”;

(e) for paragraph 14 (application of the Financial Services and Markets Act 2000) substitute—

“Application of FSMA 2000

14.   The provisions of Part 9 (hearing and appeals) of FSMA 2000 shall apply in respect of any reference made under paragraph 12, subject to the modifications set out in this Part.”;

(f) for paragraph 15 substitute—

“15.   Part 9 of FSMA 2000 is modified as follows.”;

(g) omit paragraph 16;

(h) in paragraph 17—

(i) omit sub-paragraph (i);

(ii) in sub-paragraph (ii) for “(4)” in both places substitute “(5)”; and

(iii) for sub-paragraph (iii) substitute—

“(iii) omit subsection (6).”;

(i) in paragraph 18 after “sections” insert “133A and”; and

(j) omit paragraphs 19 to 27 and the preceding heading (modification of Financial Services and Markets Tribunal Rules 2001).

(1)

S.I. 2008/3249.