Miscellaneous Financial Services Compensation Scheme
Part 15 of FSMA 2000 makes provision in connection with the FSCS. The FSCS is administered by the FSCS manager established under section 212 of FSMA 2000. The FCA and the PRA are responsible for appointing and removing the FSCS manager’s chairperson, chief executive and directors. The appointment and the removal of the chairperson and chief executive require HM Treasury’s approval.
	Section 212(3)(aa) of FSMA 2000 requires the chief executive to be the accounting officer of the FSCS manager. This requirement reflects the principle that the permanent heads of ALBs are usually appointed as the accounting officers for those bodies.
	Under section 218B of FSMA 2000, HM Treasury can require the FSCS manager to provide information reasonably required in connection with HM Treasury’s duties under the Government Resources and Accounts Act 2000.