Modifications etc. (not altering text)
C1Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
C2Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2
Textual Amendments
F1Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7
(1)This section applies to—
(a)compensation scheme orders,
(b)resolution fund orders,
(c)third party compensation orders, F2...
[F3(ca)bail-in compensation orders,]
(d)regulations under section 60[F4, and]
[F4(e)regulations under section 60A.]
(2)An order or regulations may provide for compensation or other payments to be made by—
(a)the Treasury,
(b)the Financial Services Compensation Scheme, [F5subject to section 214C of the Financial Services and Markets Act 2000 (limit on amount of special resolution regime payments),] or
(c)any other specified person.
Textual Amendments
F2Word in s. 61(1)(c) omitted (31.12.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(a); S.I. 2014/3160, art. 2(1)(b)
F3S. 61(1)(ca) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(b); S.I. 2014/3160, art. 2(1)(b)
F4S. 61(1)(e) and preceding word inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(c); S.I. 2014/3160, art. 2(1)(b)
F5Words in s. 61(2)(b) substituted (8.4.2010) by Financial Services Act 2010 (c. 28), s. 26(1)(l), Sch. 2 para. 41
Commencement Information
I1S. 61 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1