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The Flood Reinsurance (Scheme Funding and Administration) Regulations 2015

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Adjustments to payments of additional amounts

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12.—(1) The FR Scheme administrator must—

(a)calculate the levy payable under regulation 10(1) or the contribution referred to in regulation 10(2) on the basis of the information reasonably available at the time the request is made;

(b)make such adjustments to the amounts requested (whether by way of a balancing refund or a request in writing for a balancing payment) as may be necessary in the light of any further information which becomes available.

(2) No adjustments to the amounts requested may be made more than 2 years after the date on which the request for the levy or contribution was made.

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