Section 224E(7)

The sixth ground is— that there are no arrangements for the reimbursement of any expenses incurred by the FSCS manager in connection with any proceedings brought against it in respect of its relevant scheme functions (including expenses incurred in meeting any award of damages made against it); or that the FSCS manager considers that any such arrangements are unsatisfactory.

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