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FCA Handbook
COMP
COMP 3
COMP 3.1 Application and Purpose

Alternative versions

2005-01-01

Point in time

2009-03-06
2018-04-01
2022-07-29

COMP 3.1 Application and Purpose

Application

COMP 3.1.1R01/12/2001

This chapter applies to the FSCS.

COMP 3.1.2G01/12/2001

It is also relevant to claimants.

Purpose

COMP 3.1.3G01/12/2001

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 3.1.4G01/12/2001

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

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Alternative versions

COMP 3.1 Application and Purpose

Application

Purpose