Motor Insurance Insolvency Compensation Act 2024

Engagement and co-operation with other interested parties

12. (1) The Compensation Body shall, in the performance of its functions in relation to the relevant purposes, engage, and co-operate as required, with other interested parties (including co-operate, subject to Part 4 , by means of disclosures of information between the Compensation Body and such parties) and shall, by virtue of this section, have all necessary powers to do so.

(2) The Compensation Body shall, as soon as is practicable after the commencement of this section, publish and maintain on its website a list of interested parties.

(3) In this section, “interested parties” include, in addition to the interested parties referred to in paragraph 9 of Article 10a, and paragraph 9 of Article 25a, of the Directive—

(a) the Bank,

(b) the Agency, and

(c) any other person who, in the opinion of the Compensation Body, will or may assist the Compensation Body in the effective and efficient performance of its functions in relation to the relevant purposes.