(1) Where the valuation carried out under Regulation 133 determines that any shareholder or creditor referred to in Regulation 132, or the deposit guarantee scheme in accordance with Regulation 173(1), has incurred greater losses than it would have incurred in a winding up under normal insolvency proceedings, it is entitled to the payment of the difference from the Fund in compensation.
(2) Any affected shareholder or creditor, or the Bank on behalf of the deposit guarantee scheme, may apply to the valuer appointed under Regulation 133 for compensation in accordance with paragraph (1).
(3) The valuer to whom an application is made shall determine the amount of compensation due to any person who has made an application under paragraph (2).
(4) Before any determination under paragraph (3) has been made, the following persons may make submissions to the valuer concerned and the valuer shall consider any such submissions:
(a) the competent authority;
(b) the resolution authority;
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