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

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;

for the establishment of different funds for meeting different kinds of claim;

for the imposition of different levies in different cases;

limiting the levy payable by a person in respect of a specified period;

for repayment of the whole or part of a levy in specified circumstances;

for a claim to be entertained only if it is made by a specified kind of claimant;

for a claim to be entertained only if it falls within a specified kind of claim;

as to the procedure to be followed in making a claim;

for the making of interim payments before a claim is finally determined;

limiting the amount payable on a claim to a specified maximum amount or a maximum amount calculated in a specified manner;

for payment to be made, in specified circumstances, to a person other than the claimant.

activities carried on,

claimants,

matters arising, or

events occurring,

qualifies for authorisation under Schedule 3, and

falls within a prescribed category,

in specified circumstances,

a stabilisation power under Part 1 of the Banking Act 2009 has been exercised in respect of a bank, building society F6, credit union or investment firm within the meaning of that Part (“the institution”); and

the Treasury think that the institution was or was likely to have been, or but for the exercise of the power would have become, unable to satisfy claims against it.

the total amount of expenses (including interest) incurred at or before that time; and

notional net expenditure (see subsection (3)), minus

actual net expenditure (see subsection (4)).

a payment under section 214B(2); or

a payment required to be made by the scheme manager by virtue of section 61 of the Banking Act 2009 (special resolution regime: compensation).

the total amount of expenses that would have been incurred under the compensation scheme in respect of the institution if the stabilisation power had not been exercised and the institution had been unable to satisfy claims against it, minus

the total amount that would have been likely, at the time when the power was exercised, to be recovered by the scheme manager in respect of the institution in those circumstances.

the total amount of expenses (other than special resolution regime payments) actually incurred by the scheme manager in respect of the institution, minus

the total amount actually recovered by the scheme manager in respect of the institution.

the total amount of expenses (including interest) that would have been incurred as mentioned in subsection (3)(a) at or before that time; and

the total amount that would have been likely to have been recovered as mentioned in subsection (3)(b) at or before that time.

the total amount of expenses (including special resolution regime payments and interest) actually incurred by the scheme manager in respect of the institution at or before that time; and

the total amount actually recovered by the scheme manager in respect of the institution at or before that time.

the amounts of expenses (other than interest) that would have been incurred as mentioned in section 214C(3)(a); and

the time or times at which those amounts would have been likely to have been incurred.

the amounts that would have been likely, at the time when the stabilisation power was exercised, to be recovered as mentioned in section 214C(3)(b); and

the time or times at which those amounts would have been likely to be recovered.

the scheme manager when exercising functions under subsection (2); or

the valuer when exercising functions under subsection (3).

to use, or not to use, specified methods;

to take specified matters into account in a specified manner; or

not to take specified matters into account.

must provide for independent verification of expenses within section 214B(2);

may provide for the independent verification of other matters; and

may contain provision about the appointment and payment of an auditor.

must contain provision enabling the valuer to reconsider a decision;

must provide a right of appeal to a court or tribunal against any decision of the valuer;

may provide for payment of the valuer; and

before any verification required by the regulations is undertaken, and

before the limit imposed by section 214C is calculated,

make provision supplementing section 214B or 214C or this section;

make further provision about the method by which amounts to be paid under section 214B(2) are to be determined;

make provision about timing;

make provision about procedures to be followed;

provide for discretionary functions to be exercised by a specified body or by persons of a specified class; and

make provision about the resolution of disputes (which may include provision conferring jurisdiction on a court or tribunal).

about the effect of a payment of compensation under the scheme on rights or obligations arising out of matters in connection with which the compensation was paid;

giving the scheme manager a right of recovery in respect of those rights or obligations.

appointing an administrator under paragraph 14 or 22 of Schedule B1 to the 1986 Act F16or paragraph 15 or 23 of Schedule B1 to the 1989 Order, or

filing with the court a copy of notice of intention to appoint an administrator under F17any of those paragraphs.

under section 264 of the 1986 Act or Article 238 of the 1989 Order for a bankruptcy order to be made against an individual;

under section 5 of the 1985 Act for the sequestration of the estate of an individual; or

under section 6 of the 1985 Act for the sequestration of the estate belonging to or held for or jointly by the members of an entity mentioned in subsection (1) of that section.

for England and Wales, rules made under sections 411 and 412 of the 1986 Act;

for Scotland, rules made by order by the Treasury, after consultation with the Scottish Ministers, for the purposes of this section; and

for Northern Ireland, rules made under Article 359 of the 1989 Order and section 55 of the M1Judicature (Northern Ireland) Act 1978.

have permission to effect or carry out contracts of long-term insurance; and

are unable, or likely to be unable, to satisfy claims made against them.

for securing or facilitating the transfer of a relevant long-term insurer’s business so far as it consists of the carrying out of contracts of long-term insurance, or of any part of that business, to another authorised person;

for securing the issue by another authorised person to the policyholders concerned of policies in substitution for their existing policies.

during any period while he is seeking to make arrangements mentioned in subsection (1);

if it appears to him that it is not reasonably practicable to make such arrangements.

taking measures as a result of any provision of the scheme made by virtue of subsection (3);

making payments as a result of any such provision made by virtue of subsection (4).

have permission to effect or carry out contracts of insurance; and

are in financial difficulties.

securing or facilitating the transfer of a relevant insurer’s business so far as it consists of the carrying out of contracts of insurance, or of any part of that business, to another authorised person;

giving assistance to the relevant insurer to enable it to continue to effect or carry out contracts of insurance.

that if measures of a kind mentioned in subsection (3)(a) are to be taken, they should be on terms appearing to the scheme manager to be appropriate, including terms reducing, or deferring payment of, any of the things to which any of those who are eligible policyholders in relation to the relevant insurer are entitled in their capacity as such;

that if measures of a kind mentioned in subsection (3)(b) are to be taken, they should be conditional on the reduction of, or the deferment of the payment of, the things to which any of those who are eligible policyholders in relation to the relevant insurer are entitled in their capacity as such;

for ensuring that measures of a kind mentioned in subsection (3)(b) do not benefit to any material extent persons who were members of a relevant insurer when it began to be in financial difficulties or who had any responsibility for, or who may have profited from, the circumstances giving rise to its financial difficulties, except in specified circumstances;

for requiring the scheme manager to be satisfied that any measures he proposes to take are likely to cost less than it would cost to pay compensation under the scheme if the relevant insurer became unable, or likely to be unable, to satisfy claims made against him.

to give such assistance to the scheme manager as it considers appropriate for assisting the scheme manager to determine what measures are practicable or desirable in the case of a particular relevant insurer;

to impose constraints on the taking of measures by the scheme manager in the case of a particular relevant insurer;

to require the scheme manager to provide it with information about any particular measures which the scheme manager is proposing to take.

to make interim payments in respect of eligible policyholders of a relevant insurer;

to indemnify any person making payments to eligible policyholders of a relevant insurer.

taking measures as a result of any provision of the scheme made by virtue of subsection (1);

making payments or giving indemnities as a result of any such provision made by virtue of subsection (6).