The Deposit Guarantee Scheme Regulations 2015

1. Introductory Text

2. PART 1 Introductory Provisions

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. Meaning of “compensation scheme member”

3. PART 2 The compensation scheme

   1. 4. Designation of competent authority and designated authority

   2. 5. Notification to the scheme manager of problems with a compensation scheme member

   3. 6. Time limit for determining that a compensation scheme member is unable to repay deposits

   4. 7. Maximum compensation payable in respect of deposits held with a compensation scheme member

   5. 8. Determination by PRA whether contributions may be raised by the scheme manager

   6. 9. Approval of increased levies for the purposes of the compensation scheme

   7. 10. Payment of compensation by the scheme manager on behalf of a non-UK scheme

   8. 11. Notification of covered deposits and available financial means of the compensation scheme

   9. 12. Notification of contents of co-operation agreements

4. PART 3 Amendments of primary and secondary legislation

   1. 13. Amendment of FSMA

   2. 14. Amendment of the Insolvency Act 1986

   3. 15. Amendment of the Insolvency (Northern Ireland) Order 1989

   4. 16. Amendment of the Bankruptcy (Scotland) Act 1985

   5. 17. Credit Institutions (Protection of Depositors) Regulations 1995: revocation

5. PART 4 Review

   1. 18. Review

6. Signature

7. Explanatory Note