Settlement schemes enable common terms for classes involved in similar specified defaults, with resulting orders treated as regulatory settlements. Regulation 37 empowers the Board to introduce settlement schemes prescribing settlement terms for classes of persons involved in similar specified ... Summary
Settlement schemes enable common terms for classes involved in similar specified defaults, with resulting orders treated as regulatory settlements.
Regulation 37 empowers the Board to introduce settlement schemes prescribing settlement terms for classes of persons involved in similar specified defaults. A settlement order issued under such a scheme is deemed to be a settlement order under the governing settlement framework.
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