SCHEDULE 3Consequential amendments to secondary legislation

Bradford & Bingley plc Compensation Scheme Order 2008176

In the Schedule to the Bradford & Bingley plc Compensation Scheme Order 2008101 (the Bradford & Bingley plc compensation scheme)—

a

in paragraph 2 (interpretation) omit the definition of “the Tribunal”;

b

in paragraph 12 and the heading (right to refer to the Tribunal) for “Tribunal” substitute “Upper Tribunal”;

c

in paragraph 13(2)(b) (payment of compensation) for “Tribunal” substitute “Upper Tribunal”;

d

in the heading of Part 5 (references to the Tribunal) for “Tribunal” substitute “Upper Tribunal”;

e

for paragraph 14 (application of the Financial Services and Markets Act 2000) substitute—

Application of FSMA 200014

The provisions of Part 9 (hearing and appeals) of FSMA 2000 shall apply in respect of any reference made under paragraph 12, subject to the modifications set out in this Part.

f

for paragraph 15 substitute—

15

Part 9 of FSMA 2000 is modified as follows.

g

omit paragraph 16;

h

in paragraph 17—

i

omit sub-paragraph (i);

ii

in sub-paragraph (ii) for “(4)” in both places substitute “(5)”; and

iii

for sub-paragraph (iii) substitute—

iii

omit subsection (6).

i

in paragraph 18 after “sections” insert “133A and”; and

j

omit paragraphs 19 to 27 and the preceding heading (modification of Financial Services and Markets Tribunal Rules 2001).