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The Flood Reinsurance (Scheme Funding and Administration) Regulations 2015

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Changes over time for: Section 13

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Point in time view as at 11/11/2015.

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There are currently no known outstanding effects for the The Flood Reinsurance (Scheme Funding and Administration) Regulations 2015, Section 13. Help about Changes to Legislation

Application of levy or contributions collectedU.K.

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13.—(1) The FR Scheme administrator must only use the levy collected under regulation 8 or 10(1), or any contribution referred to in regulation 10(2), for—

(a)the purposes of the FR Scheme, including any purposes incidental to the FR Scheme;

(b)the administration of the FR Scheme.

(2) These Regulations do not prevent or require the repayment by the FR Scheme administrator of contributions.

(3) Paragraph (2) does not affect the requirement in regulation 12(1)(b) to make an adjustment.

Commencement Information

I1Reg. 13 in force at 11.11.2015, see reg. 1(b)

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