UK Statutory Instrument SI 2009/1800 United Kingdom

The Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person2

Plus 10 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

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.

s.art009 Third party compensation Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must determine third-party and pre-transfer creditor compensationTribunal / Court
s.art011 Assessment of recoveries Regulated
  • Independent valuer must assess potential recoveries from DunfermlineAny Person
9 other provisions — procedural and definitional
s.art001 Citation and commencement
s.art002 Interpretation
s.art003 Transfer of the Nationwide business: determination of amount of compensation
s.art004 Functions of the independent valuer
s.art005 Appointment of the independent valuer
s.art006 Transfer of the Bridge Bank business: resolution fund
s.art007 Payments into the resolution fund
s.art008 Entitlement to the moneys in the resolution fund and payments out of the resolution fund
s.art010 Payment of compensation
Schedules

Schedules

10 of 20 shown
s.sch001 Certification of costs Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must certify costs within 30 daysTribunal / Court
s.sch002 Assessment notice Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must issue assessment notice to pre-transfer creditor, administrator and TreasuryStatutory regulator
s.sch002 Interim payments Regulated
Other duties (1) — Crown / regulator
  • Independent valuer may require Treasury to make interim compensation paymentsCrown / Minister / Government department
s.sch002 Balancing payments Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must determine and notify balancing paymentsTribunal / Court
s.sch002 Third party compensation: persons affected by the application of section 38(6) of the Act Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must determine fair and equitable compensation for affected third partiesTribunal / Court
s.sch002 Third party compensation: pre-transfer creditors of Dunfermline Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must consider creditor information when determining compensationStatutory regulator
s.sch002 Assessment of insolvency treatment Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must assess insolvency treatment of Dunfermline creditorsCrown / Minister / Government department
s.sch002 Assessment of compensation: transferred creditors Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must assess compensation for transferred creditorsStatutory regulator
s.sch002 Assessment of compensation: remaining creditors Regulated
  • Independent valuer must assess compensation for remaining creditorsAny Person
s.sch002 Valuation principles Regulated
Other duties (1) — Crown / regulator
  • Independent valuer must apply specific insolvency assumptions when calculating compensationStatutory regulator
10 other schedules
s.sch001 The Dunfermline Resolution Account
s.sch001 Annual report and accounts
s.sch001 Payments into the resolution fund
s.sch001 Payments from the resolution fund
s.sch001 Payments to the Treasury and the Bank of England
s.sch001 Entitlement to the resolution fund: Dunfermline
s.sch002 Citation
s.sch002 Payment of compensation
s.sch002 Interpretation
s.sch002 Assessment notice

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