Part 4Financial Services Compensation Scheme
172Investing in National Loans Fund
After section 223 of the Financial Services and Markets Act 2000 (management expenses) insert—
223AInvesting 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)).