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COMP 12.1 Application and Purpose

Application

COMP 12.1.1R

This chapter applies to the FSCS.

COMP 12.1.2G

This chapter is also relevant to claimants, since it sets out how a claim will be quantified. (For the process of paying compensation, including the limits on the amount of compensation that can be paid, see COMP 8 - COMP 11).

Purpose

COMP 12.1.3G

The purpose of this chapter is to set out the different ways in which the FSCS is to calculate compensation.