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Application provision

31.1 This Chapter applies only to the FSCS.

31.1

03/07/2015

This Chapter applies only to the FSCS.

31.2

03/07/2015

The FSCS must have in place adequate systems to determine the potential liabilities of the deposit guarantee scheme and ensure that the available financial means of the deposit guarantee scheme are proportionate to those liabilities.

Additional Notes


[Note: Art. 10(1)(first paragraph) of the DGSD]

31.3

03/07/2015

The FSCS must primarily use the available financial means of the deposit guarantee scheme to repay depositors pursuant to the deposit guarantee scheme.

Additional Notes


[Note: Art. 11(1) of the DGSD]