http://www.legislation.gov.uk/uksi/2015/1456/contents/made

The Deposit Guarantee Scheme (Amendment) Regulations 2015

en

King's Printer of Acts of Parliament

2015-07-02

BANKS AND BANKING

These Regulations further implement Directive 2014/49/EU of the European Parliament and of the Council of 16th April 2014 on deposit guarantee schemes (recast) repealing Directive 94/19/EC (OJ 173 12.6.2014, p.149) (the “DGSD”), by amending the Deposit Guarantee Scheme Regulations 2015 (S.I. 2015/486) to provide for the maximum level of compensation available for deposits under the Financial Services Compensation Scheme (“FSCS”) to remain at £85,000 for a transitional period of six months for those depositors who are entitled to that level of compensation under the FSCS now, and who will continue to be entitled to compensation under the FSCS once the DGSD is fully implemented on 3rd July 2015.