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Application provision

40.1 This Chapter applies only to the FSCS.



This Chapter applies only to the FSCS.



If a DGS member (A) assumes a liability to repay deposits held by a non-DGS member (B) and the assumption of liability takes place after the date to which, or as of which, A’s most recent statement of business is drawn up, the FSCS must not require A to pay an additional amount as a result of that acquisition.



This Chapter only applies with respect to those financial years of the FSCS for which A’s levies are calculated on the basis of a statement of business drawn up to a date, or as of a date, before the assumption of liability took place.