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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.

53.1

03/07/2015

In this Chapter the following definitions shall apply:

COMP

means the Compensation Sourcebook of the PRA Handbook in force immediately before 3 July 2015

relevant person

has the definition in the Glossary in force immediately before 3 July 2015

in default

has the definition in the Glossary in force immediately before 3 July 2015

protected deposit

has the definition in the Glossary in force immediately before 3 July 2015

claim

has the definition in the Glossary in force immediately before 3 July 2015

53.2

03/07/2015

The rules in COMP continue to apply to the FSCS in relation to a protected deposit claim in respect of a relevant person in default before 3 July 2015.