2nd November 2012
Following the resolution of Dunfermline Building Society in March 2009, HM Treasury appointed Ian Burns as the independent valuer pursuant to s.214D(3) of the Financial Services and Markets Act 2000 and the statutory regulations. The valuer issued a report and determination dated 31 July 2012. Under regulation 13(7) of the Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010, FSCS now publishes the determination notice.
Under regulation 14, FSCS may require the valuer to reconsider the determinations, and to do so must make a request within three months. FSCS has made such a request of the valuer.