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COMP 3.1 Application and Purpose

Application

COMP 3.1.1R

This chapter applies to the FSCS.

COMP 3.1.2G

It is also relevant to claimants.

Purpose

COMP 3.1.3G

The purpose of this chapter is to set out in general terms the conditions that must be satisfied before the FSCS can make an offer of compensation, or secure continuity of insurance cover, or provide assistance to an insurance undertaking to enable it to continue insurance business.

COMP 3.1.4G

The qualifying conditions for paying compensation are set out in greater detail in COMP 4 - COMP 7.