CDRS 15 Effects of Independent Adjudicator's decision
(1) After the Independent Adjudicator has given a decision, the applicant may accept the decision or refuse to accept it, but must do either within 21 days after being notified of it. The Adjudicator may extend the period for acceptance (either before or after the period has ended) if the Adjudicator is satisfied that there is sufficient reason to do so.
(2) If the applicant does not accept the decision within the 21-day period (or any extension of it), the applicant is taken to have refused to accept the decision.
(3) If the applicant refuses (or is taken to have refused) to accept the decision, the decision is of no effect.
(4) If the applicant accepts the decision, the decision is binding on both the applicant and the authorised firm concerned.
(5) The firm must comply with the decision (and in particular must pay the applicant any compensation awarded) as soon as reasonably practicable.
(6) A decision is final and is not subject to appeal.
|Derived from QFCRA RM/2019-3 (as from 1st January 2020).|