214 General

Provisions of the scheme

214 Ìý³Ò±ð²Ô±ð°ù²¹±ô

(1)     The compensation scheme may, in particular, make provision—

(a)     as to the circumstances in which a relevant person [or relevant exchange] is to be taken (for the purposes of the scheme) to be unable, or likely to be unable, to satisfy claims made against him [or it];

[(aa)     as to the circumstances in which a successor falling within section 213(1)(b) is to be taken (for the purposes of the scheme) to be unable, or likely to be unable, to satisfy claims against the successor that are based on the acts or omissions of a relevant person [or relevant exchange];]

(b)     for the establishment of different funds for meeting different kinds of claim;

(c)     for the imposition of different levies in different cases;

(d)

Powered by Lexis+®

Popular documents