Certification of costs
Other duties (1) — Crown / regulator
- Independent valuer must certify costs within 30 days Tribunal / Court
UK Statutory Instrument
2009
United Kingdom
The Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009
At a glance
What's here
12 compliance obligations
Who this Act binds
Plus 10 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Assessment notice
Other duties (1) — Crown / regulator
- Independent valuer must issue assessment notice to pre-transfer creditor, administrator and Treasury Statutory regulator
Interim payments
Other duties (1) — Crown / regulator
- Independent valuer may require Treasury to make interim compensation payments Crown / Minister / Government department
Balancing payments
Other duties (1) — Crown / regulator
- Independent valuer must determine and notify balancing payments Tribunal / Court
Third party compensation: persons affected by the application of section 38(6) of the Act
Other duties (1) — Crown / regulator
- Independent valuer must determine fair and equitable compensation for affected third parties Tribunal / Court
Third party compensation: pre-transfer creditors of Dunfermline
Other duties (1) — Crown / regulator
- Independent valuer must consider creditor information when determining compensation Statutory regulator
Assessment of insolvency treatment
Other duties (1) — Crown / regulator
- Independent valuer must assess insolvency treatment of Dunfermline creditors Crown / Minister / Government department
Assessment of compensation: transferred creditors
Other duties (1) — Crown / regulator
- Independent valuer must assess compensation for transferred creditors Statutory regulator
Assessment of compensation: remaining creditors
- Independent valuer must assess compensation for remaining creditors
Valuation principles
Other duties (1) — Crown / regulator
- Independent valuer must apply specific insolvency assumptions when calculating compensation Statutory regulator
Browse 10 other Schedules — structural / supplementary
The Dunfermline Resolution Account
Annual report and accounts
Payments into the resolution fund
Payments from the resolution fund
Payments to the Treasury and the Bank of England
Entitlement to the resolution fund: Dunfermline
Citation
Payment of compensation
Interpretation
Assessment notice
Third party compensation
Other duties (1) — Crown / regulator
- Independent valuer must determine third-party and pre-transfer creditor compensation Tribunal / Court
Assessment of recoveries
- Independent valuer must assess potential recoveries from Dunfermline
Browse 9 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Transfer of the Nationwide business: determination of amount of compensation
Functions of the independent valuer
Appointment of the independent valuer
Transfer of the Bridge Bank business: resolution fund
Payments into the resolution fund
Entitlement to the moneys in the resolution fund and payments out of the resolution fund
Payment of compensation
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