Part 1Special Resolution Regime

Chapter 3 Special resolution action

Compensation

62Procedure

(1)

This section applies to—

(a)

compensation scheme orders,

(b)

resolution fund orders, F1...

F2(ba)

bail-in compensation orders, and

(c)

third party compensation orders.

(2)

An order—

(a)

shall be made by statutory instrument, and

(b)

may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.