Part 1Special Resolution Regime
Compensation
I2I159Third party compensation: discretionary provision
1
A power or duty in this Part to make a third party compensation order is a power or duty to make provision establishing a scheme for paying compensation to persons other than a transferor.
2
A third party compensation order may—
a
form part of a compensation scheme order or resolution fund order, or
b
be a separate order.
3
A third party compensation order may include provision for—
a
an independent valuer (in which case sections 54 to 56 shall apply);
b
valuation principles (in which case section 57(2) to (5) shall apply).