Print Options
PrintThe Whole
Instrument
PrintThe Whole
Schedule
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
This section has no associated Explanatory Memorandum
10.—(1) The powers to make indemnification arrangements or compensation arrangements which are conferred on CIPA by virtue of paragraph 9(1) and (2) may be exercised so that the arrangements apply also in relation to—
(a)a licensed body or a body which has been but no longer is a licensed body in connection with the body’s activities as a licensed body; and
(b)managers and employees of licensed bodies in connection with the activities of those licensed bodies.
(2) Regulations made by CIPA under paragraph 9(2) may also include provision for the purpose of giving effect to sub-paragraph (1) which requires licensed bodies, or licensed bodies of any specific description to—
(a)pay specified amounts to a fund which is maintained by virtue of paragraph 9(1)(a); and
(b)make payments towards the premium payable on any insurance policy which is maintained by virtue of paragraph 9(1)(b).
(3) Anything permitted by virtue of this paragraph in relation to a fund or an insurance policy may be done irrespective of the persons or bodies who contributed the money.
(4) In this paragraph and paragraph 11 “licensed body” means a body which holds a licence in force under Part 5 of the 2007 Act which is granted by CIPA.
Back to top