[214D Contributions under section 214B: supplementary]
[214D Contributions under section 214B: supplementary]

[(1)     This section supplements sections 214B and 214C.

(2)     The scheme manager must determine—

(a)     the amounts of expenses (other than interest) that would have been incurred as mentioned in section 214C(3)(a); and

(b)     the time or times at which those amounts would have been likely to have been incurred.

(3)     The Treasury, or a person designated by the Treasury, must in accordance with regulations appoint a person (“the valuer”) to determine—

(a)     the amounts that would have been likely, at the time when the stabilisation power was exercised, to be recovered as mentioned in section 214C(3)(b); and

(b)     the time or times at which those amounts would have been likely to be recovered.

The person appointed under this subsection may be the person appointed as valuer under section 54 of the Banking Act 2009 in respect of the exercise of the stabilisation power.

(4)     Regulations may enable the Treasury to specify principles to be applied by—

(a)     the scheme manager when exercising functions under subsection (2); or

(b)     the valuer when exercising functions under subsection (3).