29

Duties on the FSCS to Pursue Recoveries

29.1

If the FSCS takes a transfer of rights from the compensation recipient or is otherwise subrogated to the rights of the compensation recipient, it must pursue all and only such recoveries as it considers are likely to be both reasonably possible and cost effective to pursue.

29.2

If the FSCS decides not to pursue such recoveries and a compensation recipient wishes to pursue those recoveries and so requests in writing, the FSCS must comply with that request and assign the rights back to the compensation recipient.

29.3

Where 6.2(6) provides for the FSCS to pay compensation to a person other than the depositor, references in 29 to the compensation recipient are references to the depositor.