C1C2C5C3C4 Part XVI The Ombudsman Scheme

Annotations:
Modifications etc. (not altering text)
C1

Pt. XVI applied (1.5.2009 for certain purposes and 1.11.2009 otherwise) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2), 125 (with reg. 3)

C5

Pt. XVI applied (with modifications) (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), arts. 1(5), 26 (with Pt. 4)

The scheme

225 The scheme and the scheme operator.

1

This Part provides for a scheme under which certain disputes may be resolved quickly and with minimum formality by an independent person.

2

The scheme is to be administered by a body corporate (“the scheme operator”).

3

The scheme is to be operated under a name chosen by the scheme operator but is referred to in this Act as “the ombudsman scheme”.

4

Schedule 17 makes provision in connection with the ombudsman scheme and the scheme operator.