Modifications etc. (not altering text)
C1Sch. 4 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)
F1Sch. 4 paras. 18-21 inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 23 (with art. 3)
19. So much of any amount owed at the relevant date by the debtor to one or more eligible persons in respect of an eligible deposit as exceeds any compensation that would be payable in respect of the deposit under the Financial Services Compensation Scheme to that person or those persons.N.I.
20. An amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit that—N.I.
(a)was made through a [F2non-UK] branch of a credit institution authorised by the competent authority of [F3the United Kingdom], and
(b)would have been an eligible deposit if it had been made through [F4a UK] branch of that credit institution.]
F2Word in Sch. 4 para. 20(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 2(2)(a)(i) (with regs. 24-26)