PART 2Depositor preference and the Financial Services Compensation Scheme
Financial Services Compensation Scheme
I116Scheme manager: appointment of accounting officer
1
Section 212 of FSMA 2000 (the scheme manager of the Financial Services Compensation Scheme) is amended as follows.
2
In subsection (3)—
a
omit the “and” following paragraph (a),
b
after that paragraph insert—
aa
a chief executive (who is to be the accounting officer); and
c
in paragraph (b), after “chairman” insert “
and chief executive
”
.
3
In subsection (4)—
a
after “chairman”, in the first place, insert “
, chief executive
”
, and
b
after “chairman”, in the second place, insert “
and the chief executive
”
.