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

Alternative versions

  2. Point in time
    2019-03-14

COMP 7.1 Application

Application and Purpose

COMP 7.1.1R

This chapter applies to the FSCS.

COMP 7.1.2G

It is also relevant to claimants.

Purpose

COMP 7.1.3G

The FSCS may (and in some cases must) 1make an offer of compensation conditional on the assignment of rights to it by a claimant. The FSCS may also be subrogated automatically to the claimant's rights.1The purpose of this chapter is to make provision for and set out the consequences of an assignment or subrogation 1of the claimant's rights.