Part 1Special Resolution Regime
Chapter 3 Special resolution action
F1Bail-in option
48CMeaning of “protected deposit”
F2(1)
A deposit is “protected” so far as it is covered by F3the FSCS.
(4)
In F4subsection (1) and section 48B(8)(a), “deposit” has the meaning given by article 5(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544), but ignoring the exclusions in article 6.