Part XVThe Financial Services Compensation Scheme
Miscellaneous
224Scheme manager’s power to inspect documents held by Official Receiver etc
1
If, as a result of the insolvency or bankruptcy of a relevant person, any documents have come into the possession of a person to whom this section applies, he must permit any person authorised by the scheme manager to inspect the documents for the purpose of establishing—
a
the identity of persons to whom the scheme manager may be liable to make a payment in accordance with the compensation scheme; or
b
the amount of any payment which the scheme manager may be liable to make.
2
A person inspecting a document under this section may take copies or extracts from the document.
3
In this section “relevant person” means a person who was—
a
an authorised person at the time the act or omission which may give rise to the liability mentioned in subsection (1)(a) took place; or
b
an appointed representative at that time.
4
But a person who, at that time—
a
qualified for authorisation under Schedule 3, and
b
fell within a prescribed category,
is not to be regarded as a relevant person for the purposes of this section in relation to any activities for which he had permission as a result of any provision of, or made under, that Schedule unless he had elected to participate in the scheme in relation to those activities at that time.
5
This section applies to—
a
the Official Receiver;
b
the Official Receiver for Northern Ireland; and
c
the Accountant in Bankruptcy.