Settlement scheme authority allows regulatory board to specify schemes for classes of persons, treating scheme orders as settlement orders. Regulatory authority may specify a settlement scheme for any class of persons in respect of similar specified defaults; a settlement order issued under a ... Summary
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Settlement scheme authority allows regulatory board to specify schemes for classes of persons, treating scheme orders as settlement orders.
Regulatory authority may specify a settlement scheme for any class of persons in respect of similar specified defaults; a settlement order issued under a settlement scheme shall be deemed to be a settlement order under the Regulations.
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