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Part XVU.K. The Financial Services Compensation Scheme

Information and documentsU.K.

221 Powers of court where information required.U.K.

(1)If a person (“the defaulter”)—

(a)fails to comply with a requirement imposed under section 219, or

(b)fails to permit documents to be inspected under section 220,

the scheme manager may certify that fact in writing to the court and the court may enquire into the case.

(2)If the court is satisfied that the defaulter failed without reasonable excuse to comply with the requirement (or to permit the documents to be inspected), it may deal with the defaulter (and, in the case of a body corporate, any director or officer) as if he were in contempt [F1; and “officer”, in relation to a limited liability partnership, means a member of the limited liability partnership.].

(3)Court” means—

(a)the High Court;

(b)in Scotland, the Court of Session.

Textual Amendments

F1Words in s. 221(2) inserted (6.4.2001 for E.W.S. and 13.9.2004 for N.I.) by S.I. 2001/1090, regs. 1, 9, Sch. 5 para. 21; S.R. 2004/307, reg. 9, Sch. 4 para. 17

Modifications etc. (not altering text)