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Application provision

8.1 This Chapter applies only to the FSCS.

8.1

03/07/2015

This Chapter applies only to the FSCS.

8.2

03/07/2015

Subject to 8.3, the FSCS must make compensation payments in respect of eligible deposits in pounds sterling. Where the account in which the eligible deposit was held was maintained in a different currency, the FSCS must use the exchange rate applying on the compensation date.

8.3

03/07/2015

Where the FSCS is instructing a non-UK scheme to make a payment under 27.3, the FSCS must instruct the relevant non-UK scheme to make such payments in the currency of that host Member State.

Additional Notes


[Note: Art. 6(4) of the DGSD]