(1) This section has effect for the interpretation of section 74.
(2) "Policyholder" has the same meaning as in FSMA 2000.
(3) Relevant public expenditure has been incurred in respect of a PRA-authorised person ("P") in each of the following cases (but no others) -
(a) where the Treasury or the Secretary of State have provided financial assistance to or in respect of P for the purposes of resolving or reducing a threat to the stability of the UK financial system;
(b) where the Treasury have incurred expenditure in connection with the exercise by the Treasury, the Secretary of State or the Bank of England of any power under Parts 1 to 3 of the Banking Act 2009 in relation to P;
(c) where the scheme manager of the Financial Services Compensation Scheme has received a loan from the National Loans Fund, or financial assistance from the Treasury, for the purpose of funding expenses incurred or expected to be incurred under the Financial Services Compensation Scheme by reason of events relat
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