Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2022-12-16.

Timeline guidance

Alternative versions

  2. Point in time
    2022-12-16

COMP 6.1 Application and Purpose

Application

COMP 6.1.1R

This chapter applies to the FSCS.

COMP 6.1.2G

It is also relevant to claimants.

Purpose

COMP 6.1.3G

The purpose of this chapter is to specify the types of person against whom a claimant must have a claim in order to be eligible for compensation, and when those persons are 'in default'. Generally, this occurs when they are insolvent or unable to meet their liabilities to claimants.

COMP 6.1.4G

To be eligible for compensation a claimant's claim must be against a relevant person 1(or, where applicable, a successor) 1in default: see COMP 3.2.1 R (2).