Insolvency Act 1986

[F1Interpretation for Category 7E+W+S

Textual Amendments

F1Sch. 6 paras. 15B, 15C and cross-headings inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 13(1), 148(5); S.I. 2014/3160, art. 2(1)(a)

15C(1)In paragraph 15B “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.E+W+S

(2)For this purpose 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 Bank and Building Society Accounts Act 2008 (balances transferred under that Act to authorised reclaim fund).]