Independent valuationU.K.
This
adran has no associated
Memorandwm Esboniadol
17.—(1) Section 62A (independent valuer: valuation under section 6E or 48X) M1 is amended as follows.
(2) After subsection (1) insert—
“(1A) The Bank may require the bank to which the valuation relates to reimburse the Bank for costs it incurs in relation to the independent valuer (including remuneration and allowances paid to the valuer and the valuer's staff).”.
(3) In subsection (6)—
(a)for “Sections” substitute “ Section ”;
(b)omit “, and 56”.
Marginal Citations
M1Section 62A was inserted by S.I. 2014/3329.