Section 59

A power or duty in this Part to make a third party compensation order is a power or duty to make provision establishing a scheme for paying compensation to persons other than a transferor. A third party compensation order may— form part of a compensation scheme order or resolution fund order, or be a separate order. A third party compensation order may include provision for— an independent valuer (in which case sections 54 to 56 shall apply); valuation principles (in which case section 57(2) to (5) shall apply).

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