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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.

43.1

03/07/2015

The Class A tariff base is:

  1. (1) covered deposits (excluding temporary high balances) as at 31 December except that, where the covered deposit is a dormant account, the applicable tariff base is covered deposit multiplied by 0.2 as at 31 December; and
  2. (2) the total balance of any deposits in any account which holds funds to which the account holder is not absolutely entitled but may exclude the value of any funds which the firm has confirmed are not covered deposits.

43.2

03/07/2015

The class A tariff base calculation must be made on the basis of the information that the firm would have to include in its single customer views. The information must be of the extent and standard required if the firm was preparing the single customer view in accordance with the SCV requirements as at the valuation date for the tariff base.