UK Statutory Instrument SI 2010/2220 United Kingdom

The Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010

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Enforced by
PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Employer1

Plus 4 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.

Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

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.

18 other provisions — procedural and definitional
s.001 Citation, commencement and revocation
s.002 Interpretation
s.003 Eligible expenses
s.004 Initial notification
s.005 Further notification
s.006 The scheme manager's expenditure
s.007 Calculation of the net cost of resolution
s.008 Calculation of the scheme manager's limit
s.009 Interim payment
s.010 Final notification (no interim payments)
s.011 Final notification (interim payments)
s.012 Independent verification
s.013 Appointment and determinations of the valuer
s.014 Reconsideration of the valuer's determinations
s.015 Other disputes that may be referred to the Tribunal
s.016 Proceedings before the Tribunal
s.017 Payments made under these Regulations to constitute payment of compensation under the scheme
s.018 Transitional provision for previous notifications
Schedules

Schedules

5 of 42 shown
s.sch001 Calculation of the net cost of the resolution Regulated
Other duties (1) — Crown / regulator
  • Treasury must keep accounts of resolution costs and recoveriesCrown / Minister / Government department
s.sch001 Calculation of the total cost of interim payments Regulated
Other duties (1) — Crown / regulator
  • Treasury must keep an account of interim payments made by the scheme managerCrown / Minister / Government department
s.sch002 Specified information shall not be disclosed by the valuer (or... Regulated
Other duties (1) — Crown / regulator
  • Valuer must not disclose specified information without consentStatutory regulator
s.sch002 (1) The prohibition in paragraph 13 of the disclosure of... Regulated
Other duties (1) — Crown / regulator
  • Valuer must limit disclosure of sensitive information to what is necessaryStatutory regulator
s.sch002 The valuer shall determine the remuneration and other conditions of... Regulated
  • Valuer must determine pay and conditions of appointed staffEmployer
37 other schedules
s.sch001 At the time when the scheme manager—
s.sch001 In the notional account, the Treasury shall account for interest...
s.sch001 In the actual account, interest at the notified rate shall...
s.sch001 In paragraphs 11 and 12, where the final notification is...
s.sch001 The scheme manager's limit is the outstanding balance in the...
s.sch001 The account shall be dated from the time when the...
s.sch001 The Treasury shall add the interim payments to the account...
s.sch001 Interest at the notified rate shall accrue daily on the...
s.sch001 The total cost of interim payments is the total amount...
s.sch001 The accounts shall be dated from the time when the...
s.sch001 Calculation of balancing payments
s.sch001 If paragraph 20(a) applies, then the amount of the balancing...
s.sch001 If paragraph 20(b) applies then the amount of the balancing...
s.sch001 The Treasury shall add eligible expenses and recoveries to the...
s.sch001 Interest at the notified rate shall accrue daily on the...
s.sch001 When the Treasury are satisfied that all recoveries have been...
s.sch001 The net cost of resolution is the total amount in...
s.sch001 Calculation of the scheme manager's limit
s.sch001 The Treasury shall date the accounts as from the time...
s.sch001 At the time when— (a) the scheme manager would have...
s.sch002 The valuer
s.sch002 Records of a valuer in relation to his or her...
s.sch002 Application to the court for information
s.sch002 A person who provides information to the valuer for the...
s.sch002 In this Part, “specified information” means any information obtained by...
s.sch002 The Treasury may remove the valuer only on the ground...
s.sch002 In the event of the death of the valuer, or...
s.sch002 The valuer shall be— (a) paid such remuneration, and
s.sch002 The Treasury may appoint a person to verify the remuneration...
s.sch002 The valuer may appoint staff.
s.sch002 Any determination under paragraph 7 shall require the approval of...
s.sch002 Valuers (and their staff) are neither servants nor agents of...
s.sch003 Proceedings before Tribunal: general provision
s.sch003 This Schedule also applies in the case of a reference...
s.sch003 On receiving a reference described in paragraph 1—
s.sch003 On receiving a reference described in paragraph 1 or 2,...
s.sch003 An award of damages under paragraph 4(b) may only be...

Connected legislation

The wider family of instruments made under the same parent Act.

TCGA 1992 SI 2017/1204

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