Modifications etc. (not altering text)
C1Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)
(1)This section applies when the regulator is considering—
(a)whether to award compensation, or
(b)the amount of compensation to award.
(2)The regulator must take account of any information available to it about the financial situation of the registered provider.
(3)The regulator must consider the likely impact of the compensation on the registered provider's ability to provide services.
(4)In particular, the regulator must aim to avoid—
(a)jeopardising the financial viability of the registered provider,
(b)preventing the registered provider from honouring financial commitments, or
(c)preventing the registered provider from taking action to remedy the matters on the grounds of which the compensation might be awarded.
Commencement Information
I1S. 241 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)