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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) the FSCS;
  2. (2) a dormant account fund operator;
  3. (3) UK banks;
  4. (4) building societies; and
  5. (5) an overseas firm that:
    1. (a) is not an incoming firm; and
    2. (b) has a Part 4A permission that includes accepting deposits.

25.1

03/07/2015

The FSCS may reduce, remit or refund any overpaid amounts paid by a DAS member in respect of a particular period, due to a mistake of law or fact by the DAS member provided that the claim is made by the DAS member not more than 2 years after the beginning of the period to which the overpayment relates.

25.2

03/07/2015

The PRA may defer, in whole or in part, a firm’s obligation to pay a DAS levy if the PRA considers that such contributions would jeopardise the liquidity or solvency of the firm. Such deferral shall not be granted for a longer period than six months but may be renewed upon request of the firm.

25.3

03/07/2015

Any contributions deferred pursuant to 25.2 shall be paid when the payment no longer jeopardises the liquidity and solvency of the firm.