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8. Before the available financial means(1) may be used for the purposes specified in Article 11(1) or 11(2) of the deposit guarantee schemes directive the PRA must—
(a)determine for the purposes of the third paragraph of Article 10(4) of the deposit guarantee schemes directive whether the scheme manager may raise contributions under the compensation scheme; and
(b)notify that determination in writing to the scheme manager and the Treasury.
“ available financial means” is defined in point (12) of Article 2(1) of the deposit guarantee schemes directive.
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