C1C2C3C4 Part XV The Financial Services Compensation Scheme

Annotations:
Modifications etc. (not altering text)
C2

Pt. 15 modified (29.9.2008 at 8.00 a.m.) by The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008 (S.I. 2008/2546), art. 29 (with art. 30(6))

C3

Pt. 15 modified (7.10.2008 at 9.30 a.m.) by The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2644), art. 14 (with art. 15(8)

C4

Pt. 15 modified (8.10.2008 at 12.15 p.m.) by The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2674), art. 15 (with art. 16(8))

Miscellaneous

223AF1Investing in National Loans Fund

1

Sums levied for the purpose of maintaining a contingency fund may be paid to the Treasury.

2

The Treasury may receive sums under subsection (1) and may set terms and conditions of receipts.

3

Sums received shall be treated as if raised under section 12 of the National Loans Act 1968 (and shall therefore be invested as part of the National Loans Fund).

4

Interest accruing on the invested sums may be credited to the contingency fund (subject to any terms and conditions set under subsection (2)).

5

The Treasury shall comply with any request of the scheme manager to arrange for the return of sums for the purpose of making payments out of a contingency fund (subject to any terms and conditions set under subsection (2)).