Calls from SIB for contributions to compensation fund for default were proper. The section was intended to ensure sufficiency of compensation, not to limit the liability of practitioners.
Citations:
Times 09-Oct-1995, Independent 05-Oct-1995
Statutes:
Financial Services Act 1986 54(3)
Jurisdiction:
England and Wales
Financial Services
Updated: 21 October 2022; Ref: scu.87995