[224B Meaning of “relevant scheme” etc]
[224B Meaning of “relevant scheme” etc]

[(1)     The following provisions apply for the purposes of this Part.

(2)     “Relevant scheme” means a scheme or arrangement (other than the FSCS) for the payment of compensation (in certain cases) to customers of persons who provide financial services or carry on a business connected with the provision of such services.

(3)     References to the manager of a relevant scheme are to the person who administers it or (if there is no such person) the person responsible for making payments under it.

(4)     “The FSCS” means the Financial Services Compensation Scheme (see section 213(2)).

(5)     “The FSCS manager” means the scheme manager as defined by section 212(1).