101 Power of Treasury to make scheme for compensation

Miscellaneous

101  Power of Treasury to make scheme for compensation

(1)     The Treasury may by regulations make provision for a compensation scheme under which amounts are paid by way of compensation in respect of compensatable losses incurred by relevant members.

(2)     The provision that may be made under subsection (1) includes—

(a)     provision appointing a body to administer the scheme;

(b)     provision establishing a body for that purpose and making such provision in relation to the appointment of members, staffing, expenditure, procedure and otherwise as the Treasury consider

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