Document ID: chunk:federal_register_of_legislation:F2018L00970:reg:14
Version: federal_register_of_legislation:F2018L00970
Segment Type: reg
Provision Reference: reg 14
Character Range: 11492–12391

14  Special rules for defunct institutions
 (1) A participating government institution providing redress as the funder of last resort for a non‑participating defunct non‑government institution is not required to provide a direct personal response on behalf of the defunct non‑government institution.
 (2) If a participating institution is acting as the funder of last resort for a defunct institution and has been identified as equally responsible, it will only be required to offer a direct personal response on its own behalf.
 (3) If a participating defunct institution has a representative, the representative must engage in any requested direct personal response for the institution on behalf of the institution.
Note: If a defunct institution does not have a representative, it will not be participating in the scheme.

Part 4—Review and reporting obligations of participating institutions