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The Flood Reinsurance (Scheme Funding and Administration) Regulations 2015

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Changes over time for: Section 12

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There are currently no known outstanding effects for the The Flood Reinsurance (Scheme Funding and Administration) Regulations 2015, Section 12. Help about Changes to Legislation

Adjustments to payments of additional amountsU.K.

This section has no associated Explanatory Memorandum

12.—(1) The FR Scheme administrator must—

(a)calculate the levy payable under regulation 10(1) or the contribution referred to in regulation 10(2) on the basis of the information reasonably available at the time the request is made;

(b)make such adjustments to the amounts requested (whether by way of a balancing refund or a request in writing for a balancing payment) as may be necessary in the light of any further information which becomes available.

(2) No adjustments to the amounts requested may be made more than 2 years after the date on which the request for the levy or contribution was made.

Commencement Information

I1Reg. 12 in force at 11.11.2015, see reg. 1(b)

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