Part 4Financial Services Compensation Scheme

177Payments in error

After section 223B of the Financial Services and Markets Act 2000 (borrowing from National Loans Fund – inserted by section 173 above) insert—

223CPayments in error

1

Payments made by the scheme manager in error may be provided for in setting a levy by virtue of section 213, 214A, 214B or 223B.

2

This section does not apply to payments made in bad faith.