Financial Services (Banking Reform) Act 2013 (c. 33)

PART 2 U.K. Depositor preference and the Financial Services Compensation Scheme

Financial Services Compensation Scheme U.K.

16 Scheme manager: appointment of accounting officer U.K.

(1) Section 212 of FSMA 2000 (the scheme manager of the Financial Services Compensation Scheme) is amended as follows.

(2) In subsection (3)—

(a) omit the “and” following paragraph (a),

(b) after that paragraph insert—

“(aa) a chief executive (who is to be the accounting officer); and”, and

(c) in paragraph (b), after “chairman” insert “ and chief executive ”.

(3) In subsection (4)—

(a) after “chairman”, in the first place, insert “ , chief executive ”, and

(b) after “chairman”, in the second place, insert “ and the chief executive ”.

Commencement Information

I1 S. 16 in force at 1.4.2014 by S.I. 2014/377, art. 2(2)(a)