244EnforcementE+W
(1)Compensation shall be treated as a debt owed to the person to whom it is awarded.
(2)The Treasury may make regulations authorising the regulator—
(a)to award interest on compensation not paid during the period specified under section 240(2)(e);
(b)to award additional compensation where compensation is not paid during that period.
(3)Interest and additional compensation shall be treated as compensation.
(4)Regulations under subsection (2)(a) may provide for an interest rate to be—
(a)set by a specified person, or
(b)determined in accordance with the regulations.
Commencement Information
I1S. 244(1)(3) in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)
I2S. 244(2)(4) in force at 1.4.2009 for specified purposes by S.I. 2009/803, art. 7(d)
I3S. 244(2)(4) in force at 1.4.2010 in so far as not already in force by S.I. 2010/862, art. 2 (with Sch.)