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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) the FSCS;
  2. (2) UK banks;
  3. (3) credit unions;
  4. (4) Northern Ireland credit unions;
  5. (5) building societies; and
  6. (6) an overseas firm that:
    1. (a) is not an incoming firm; and
    2. (b) has a Part 4A permission that includes accepting deposits.

17.1

01/08/2015

A firm must:

  1. (1) confirm that deposits are eligible deposits (if that is the case) on a depositor’s statements of account;
  2. (2) include a reference to the information sheet and a reference to the exclusions list on a depositor’s statement of account;
  3. (3) at least annually:
    1. (a) provide to the depositor:
      1. (i) the information sheet; and
      2. (ii) the exclusions list; and
    2. (b) if applicable, inform the depositor of the exclusions from deposit guarantee scheme protection that fall within 2.2(4)(b) and 2.2(4)(k); and
  4. (4) include the following information on a depositor’s statement of account:
For further information about the compensation provided by the FSCS, refer to the FSCS website at www.FSCS.org.uk.

Additional Notes


[Note: Art. 16(1) and (3) of the DGSD]

17.2

01/08/2015

If the depositor receives statements of account, the information set out in 17.1(3) must be provided in or with such a statement.