UK Statutory Instrument SI 2008/718 United Kingdom

The Northern Rock plc Compensation Scheme Order 2008

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. para. 12 Reconsideration of assessment notice Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must reconsider and issue a revised assessment notice when requestedTribunal / Court
sch. para. 9 Appointment of staff Regulated
Other duties (1) — Crown / regulator
  • Valuer must determine staff pay and conditions with Treasury approvalCrown / Minister / Government department
28 other provisions — procedural and definitional
sch. para. 11 Assessment notice
sch. para. 7 Appointment of independent valuer
s.001 Citation (opens in a new tab)
s.002 Interpretation (opens in a new tab)
s.003 Transfer of (opens in a new tab)
s.004 Extinguishment of subscription rights (opens in a new tab)
s.005 Modification of rights in relevant instruments (opens in a new tab)
s.006 Valuation assumptions (opens in a new tab)
s.008 Remuneration (opens in a new tab)
s.010 Procedure (opens in a new tab)
s.013 Right to refer to (opens in a new tab)
s.014 Payment of compensation (opens in a new tab)
s.015 Application of FSMA 2000 (opens in a new tab)
s.016 Modification of FSMA 2000 (opens in a new tab)
s.017 In section 133 (proceedings: general provisions) and Schedule 13, for... (opens in a new tab)
s.018 In section 133— (i) in subsection (1)(a) for “the decision... (opens in a new tab)
s.019 Omit sections 134 to 136. (opens in a new tab)
s.020 Modification of Financial Services and Markets Tribunal Rules 2001 (opens in a new tab)
s.021 In each place where it occurs (other than in rule... (opens in a new tab)
s.022 In rule 2 (interpretation)— (a) omit the definitions for “the... (opens in a new tab)
s.023 In rule 4(6) (reference notice) omit “, a direction under... (opens in a new tab)
s.024 In rule 5 (Authority’s statement of case)— (opens in a new tab)
s.025 Omit rules 6 (applicant’s reply), 7 (secondary disclosure by the... (opens in a new tab)
s.026 In rule 10 (particular types of directions) omit paragraphs (1)(e),... (opens in a new tab)
s.027 After rule 10 (particular types of directions) insert— (1) The President may, of his own motion or on... (opens in a new tab)
s.028 In rule 19(3) (procedure at hearings) omit “when taking the... (opens in a new tab)
s.art001 (1) This Order may be cited as the Northern Rock...
s.art002 The Northern Rock plc Compensation Scheme set out in the...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.