Section 214(1)

The compensation scheme may, in particular, make provision— as to the circumstances in which a relevant person or relevant exchange is to be taken (for the purposes of the scheme) to be unable, or likely to be unable, to satisfy claims made against him or it; as to the circumstances in which a successor falling within section 213(1)(b) is to be taken (for the purposes of the scheme) to be unable, or likely to be unable, to satisfy claims against the successor that are based on the acts or omissions of a relevant person or relevant exchange; for the establishment of different funds for meeting different kinds of claim; for the imposition of different levies in different cases; limiting the levy payable by a person in respect of a specified period; for repayment of the whole or part of a levy in specified circumstances; for a claim to be entertained only if it is made by a specified kind of claimant; for a claim to be entertained only if it falls within a specified kind of claim; as to the procedure to be followed in making a claim; for the making of interim payments before a claim is finally determined; limiting the amount payable on a claim to a specified maximum amount or a maximum amount calculated in a specified manner; for payment to be made, in specified circumstances, to a person other than the claimant.

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Source: legislation.gov.uk · retrieved 2026-09-04