Prudential Regulation Authority Rulebook

26.1

The FSCS must ensure the confidentiality and the protection of the data pertaining to depositors’ accounts. The processing of such data must be carried out in accordance with the Data Protection Act 1998.

[Note: Art. 4(9) of the DGSD]

26.2

The FSCS must exchange with host state schemes (in relation to a DGS member), information:

1. (1) relating to the DGS member’s compliance with this Part;
2. (2) necessary to prepare for a repayment of depositors, including markings made under Chapter 11;
3. (3) communicated to the FSCS by the PRA that the PRA has detected problems with a DGS member that are likely to give rise to the intervention of the deposit guarantee scheme.

[Note: Art. 14(4) of the DGSD]

26.3

The FSCS must have appropriate procedures in place to enable it to share information and communicate effectively with non-UK schemes, the members of such schemes, and bodies outside the UK. The FSCS shall inform the PRA of any cooperation agreement it enters into with a non-UK scheme.

[Note: Art. 14(6) of the DGSD]

26.4

In order to facilitate effective co-operation, the FSCS shall have written co-operation agreements in place with non-UK schemes. Such agreements shall take account of 26.1.

[Note: Art. 14(5) of the DGSD]