SCHEDULES

C1SCHEDULE 4THE CATEGORIES OF PREFERENTIAL DEBTS

Annotations:
Modifications etc. (not altering text)

F1Interpretation for Categories F36A, 7 and 8

Annotations:
Amendments (Textual)
F3

Words in Sch. 4 para. 21 heading substituted (26.3.2015) by The Deposit Guarantee Scheme Regulations 2015 (S.I. 2015/486), regs. 1(2), 15(3)(b)

21

F2A1

In paragraph 17A “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000.

1

In paragraphs 18 to 20 “eligible deposit” means a deposit in respect of which the person, or any of the persons, to whom it is owed would be eligible for compensation under the Financial Services Compensation Scheme.

2

For the purposes of those paragraphs and this paragraph a “deposit” means rights of the kind described in—

a

paragraph 22 of Schedule 2 to the Financial Services and Markets Act 2000 (deposits), or

b

section 1(2)(b) of the Dormant Banks and Building Society Accounts Act 2008 (balances transferred under that Act to authorised reclaim fund).

3

In paragraphs 19 and 20, “eligible person” means—

a

an individual, or

F4b

any micro, small or medium-sized enterprise, as defined with regard to the annual turnover criterion referred to in Article 2(1) of the Annex to Commission Recommendation 2003/361/EC.

4

In paragraph 20—

a

“credit institution” has the meaning given in Article 4.1(1) of the capital requirements regulation;

F5b

“non-UK branch” means a branch, as defined in Article 4(1)(17) of the capital requirements regulation, which is established outside the United Kingdom;

c

“UK branch” means a branch, as so defined, which is established in the United Kingdom;

F6and for this purpose “the capital requirements regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012.