Section 133K | “Compensation” and related expressions ^F1

(1)In sections 133A to 133D references to compensation which is paid or payable “in respect of” relevant conduct include compensation which is paid (or to be paid)—^F1

(a)in connection with a claim by the customer for compensation in respect of the conduct, or^F1

(b)in circumstances where there is reason to suspect that company A may (or might in the absence of the payment) be or become liable to pay compensation in respect of relevant conduct—^F1

(i)to the customer, or^F1

(ii)in one or more of a class of cases which includes the customer's case.^F1

(2)In sections 133A to 133D and this section “compensation” includes any form of redress, whether monetary or non-monetary, and accordingly includes interest.References in those sections to “payment” are to be interpreted accordingly.^F1

(3)In subsection (1)—^F1

“claim” includes any claim or request, however made;

“customer” has the meaning given by section 133J;

“relevant conduct” is to be interpreted in accordance with section 133A(6).