126 Indemnities
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

126 Ìý±õ²Ô»å±ð³¾²Ô¾±³Ù¾±±ð²õ

(1)     This section applies where an FMI administration order has been made in relation to an infrastructure company.

(2)     The Treasury may agree to indemnify persons in respect of one or both of the following—

(a)     liabilities incurred in connection with the exercise of powers and duties by the FMI administrator;

(b)     loss or damage sustained in that connection.

(3)     The agreement may be made in whatever manner, and on whatever terms, the Treasury think fit.

(4)     As soon as practicable after agreeing to indemnify persons under this section, the Treasury must lay before Parliament a statement of the agreement.

(5)     If sums are paid by the Treasury in consequence of an indemnity agreed to under this section, the infrastructure company must pay the Treasury—

(a)     such amounts in or towards the repayment to them of those sums as the Treasury may

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