53

Transitional Provisions – Application of COMP

53.1

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

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.