COMP 2.1 Application and Purpose
Application
This chapter applies to the FSCS.
Purpose
In order to carry out its functions and put into effect the provisions set out in COMP 3 - COMP 12A1 (which deal with determining whether compensation is payable, calculating the amount of compensation that should be paid, and making levies on firms), the FSCS needs to have a variety of powers. The purpose of this chapter is to set out these powers, and the restrictions upon them.