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  1. Point in time
    2013-03-30

COMP 7.4 Duty on FSCS to pursue recoveries

COMP 7.4.1R

1If the FSCS takes assignment or transfer of rights from the claimant or is otherwise subrogated to the rights of the claimant, it must pursue all and only such recoveries as it considers are likely to be both reasonably possible and cost effective to pursue.

COMP 7.4.2R

If the FSCS decides not to pursue such recoveries and a claimant wishes to pursue those recoveries himself and so requests in writing, the FSCS must comply with that request and assign the rights back to the claimant.