The Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008

Made: 18th December 2008

Coming into force in accordance with article 1(2)

Accordingly, the Treasury make the following Order:

1

• (1) This Order may be cited as the Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008.

• (2) This Order comes into force on the day after the day on which it is made.

2

• (1) The amount of any compensation payable by the Treasury to Kaupthing in respect of the rights and liabilities transferred by the Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008² is determined as nil.

• (2) In paragraph (1) “Kaupthing” means Kaupthing Singer & Friedlander Limited, company registered number 875947.

Signed

Frank Roy — Dave Watts — Two of the Lords Commissioners of Her Majesty’s Treasury — 18th December 2008

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order is made under the Banking (Special Provisions) Act 2008 (c. 2).

It provides that no compensation is payable by the Treasury to Kaupthing Singer & Friedlander Limited in respect of the rights and liabilities transferred by the Kaupthing Singer &Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008.

A Regulatory Impact Assessment has not been prepared for this instrument, as it has no impact on business, charities or voluntary bodies.

Footnotes