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Statutory Instruments

1995 No. 1442

BANKING

The Credit Institutions (Protection of Depositors) Regulations 1995cross-notes

Made

6th June 1995

Laid before Parliament

7th June 1995

Coming into force

1st July 1995

The Treasury, being a government department designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2) in relation to measures relating to credit and financial institutions and to the taking of deposits or other repayable funds from the public, in exercise of the powers conferred on them by that section and of all other powers enabling it in that behalf, hereby make the following Regulations:

Part IGeneral

Citation, commencement and extentI1

1.—(1) These Regulations may be cited as the Credit Institutions (Protection of Depositors) Regulations 1995.

(2) These Regulations shall come into force on 1st July 1995.

(3) These Regulations extend to Northern Ireland.

InterpretationI2

2.—(1) In these Regulations—

“the 1986 Act” means the Building Societies Act 1986(3);

[F1“the 2000 Act” means the Financial Services and Markets Act 2000;F1]

F2...

F2...

F3...

F4...

“building society” means a building society incorporated (or deemed to be incorporated) under the 1986 Act;

F2...

F2...

F2...

F2...

[F5“EEA institution” means an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits;F5]

“EEA State” means a State which is a Contracting Party of the Agreement on the European Economic Area signed at Oporto on 2nd May 1992(4) as adjusted by the Protocol signed at Brussels on 17th March 1993(5);

[F6“the FCA” means the Financial Conduct Authority;F6]

[F7“Financial Services Compensation Scheme” means the Financial Services Compensation Scheme referred to in section 213(2) of the 2000 Act;F7]

[F7“Electing Participants Regulations” means the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001;F7]

F8“home State”, in relation to an EEA institution ..., means the EEA State, or the country or territory, in which it is incorporated or under the law of which it is formed;

[F9“home State scheme” in relation to an EEA institution, means a scheme for the protection of depositors which is in force in the institution’s home State and in which the institution participates;F9]

“host State scheme”, in relation to a UK institution or building society, means a scheme for the protection of depositors which is in force in an EEA State other than the United Kingdom and in which the institution or society participates;

“investment”, in relation to a building society or an Irish building society which, in accordance with [F10the Electing Participants RegulationsF10] , is participating in the investor protection scheme, means a deposit with or a share in the society;

F2...

F2...

“Irish building society” means an EEA institution which is incorporated in or formed under the law of the Republic of Ireland and whose characteristics correspond as nearly as may be to those of a building society;

[F6“the PRA” means the Prudential Regulation Authority;F6]

[F11“scheme manager” means a body corporate established in accordance with section 212(1) of the 2000 Act;F11]

F2...

“supervisory authority”, in relation to an EEA State other than the United Kingdom or a country or territory outside the European Economic Area, means an authority in that State, country or territory which has regulatory functions in relation to the acceptance of deposits;

[F12“UK institution” means a body corporate or partnership incorporated or formed under the law of any part of the United Kingdom, and which has permission under Part IV of the 2000 Act to accept deposits;F12]

F2...

(2) In these Regulations, unless the context otherwise requires, references to deposits include references to investments, and references to depositors or intending depositors shall be construed accordingly.

Part IIParticipation in host State schemes

Chapter IParticipation in UK scheme by EEA institution

Main provisions

Eligibility to participate in scheme

F133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participation in scheme

F134. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Withdrawal from scheme

F135. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exclusion where institution no longer eligible

F136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exclusion where institution in default

F137. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeals against decisions of Board

F138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supplementary provisions

Duty of institution to notify withdrawal or exclusion

F139. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of Board to consult with home State authority

F1310. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power of Board to make agency and information agreements

F1311. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of Board to maintain list of participating EEA institutions

F1312. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Chapter IIParticipation in EEA scheme by UK institution or building society

Duty of institution or society to notify withdrawal or exclusion

F1313. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability of institution or society in respect of payments under host State scheme

F1314. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of Board to consult with host State authority

F1315. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power of Board to make agency and information agreements

F1316. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of Bank or Commission to declare that deposits are no longer available

F1317. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers of authority responsible for host State scheme

F1318. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Chapter IIINon-participation in deposit protection scheme by non-EEA institution

Main provisions

Eligibility not to participate in scheme

F1319. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Election not to participate in scheme

F1320. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Election to cease to have effect where institution no longer eligible

F1321. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeals against decisions of Board

F1322. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supplementary provisions

Duty of institution to notify election not to participate

F1323. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of Board to maintain list of participating non-EEA institutions

F1324. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part IIIAmendments of Part II of 1987 Act

Functions of Deposit Protection Board

F1325. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Deposit Protection Fund

F1326. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Contributory institutions etc.

F1327. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Initial contributions

F1328. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Calculation of deposit base of transferee institutions

F1329. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Compensation payments to depositors

F1330. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Meaning of insolvency etc.

F1331. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Protected deposits

F1332. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Trustee deposits, joint deposits etc.

F1333. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability of institution in respect of compensation payments

F1334. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power to obtain information

F1335. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part IVAmendments of Part IV of 1986 Act

Function of Investor Protection Board

F1336. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Investor Protection Fund

F1337. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Meaning of insolvency etc.

F1338. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty to levy contributions etc.

F1339. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payments to investors

F1340. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability of insolvent institution in respect of payments made by Board

F1341. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Repayments in respect of contributions

F1342. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power to obtain information

F1343. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Trusts and joint or client account holdings

F1344. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part VMiscellaneous and supplemental

Miscellaneous

Meaning of “deposit” in 1987 Act

45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information to be supplied on request

F1446. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information in explanatory literature

F1447. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information in advertisements

F1448. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supplemental

Enforcement: UK and non-EEA institutionsI3

49.—(1) In subsection (1A)(6) of section 11 of the 1987 Act (revocation of authorisation)—

(a)in paragraph (e), after the words “the Banking Coordination (Second Council Directive) Regulations 1992” there shall be inserted the words “or the Credit Institutions (Protection of Depositors) Regulations 1995”; and

(b)in paragraph (f), after the words “Second Council Directive” there shall be inserted the words “or Directive 94/19/EC on deposit-guarantee schemes”.

[F15(2)In its application to a UK institution or building society, subsection (1) of section 55J (variation or cancellation on initiative of regulator) and subsection (2) of each of sections 55L and 55M of the 2000 Act (imposition of requirements) have effect as if—

(a)at the end of paragraph (b), “or” were omitted;

(b)at the end of paragraph (c) there were inserted—

“or

(d)it is desirable to exercise the power in order to—

(i)secure the payment by the institution or building society of unpaid contributions; or

(ii)in the case of a UK institution, secure that the institution complies with any obligation imposed by or under the law of another EEA State in connection with its participation in a scheme for the protection of depositors or investors which is in force in that State.”.F15]

(3) Where the [F16FCA or the PRAF16] —

(a)is informed by [F17the scheme managerF17] of an unpaid contribution of a UK institution or [F18building societyF18] ; or

(b)is informed by a supervisory authority in another EEA State that a UK institution is failing to comply with such an obligation as is mentioned in paragraph (2)(b) above,

[F19that regulatorF19] shall, after such consultation with [F17the scheme managerF17] or supervisory authority as it considers appropriate, consider whether to exercise its powers under section [F20section 55J, 55L or 55M of the 2000 ActF20] .

[F21(4)In this regulation, “unpaid contribution”, in relation to an institution or building society, means any amount required to be paid by the institution or society by way of a levy imposed in accordance with the Financial Services Compensation Scheme, and which remains unpaid after the last day on which payment falls due, as determined by or in accordance with that Scheme.F21]

Enforcement: EEA institutionsI4

50.—(1) In that paragraph (2)(c) of regulation 9 of the 1992 Regulations (power to prohibit the acceptance of deposits), for the words from “by these Regulations” to the end there shall be substituted—

“(i)by these Regulations or by or under any of the relevant Acts; or

(ii)by the Credit Institutions (Protection of Depositors) Regulations 1995:.”

(2) In paragraph (2)(d) of that regulation for the words “the implementation of the second Council Directive” there shall be substituted—

“(i)the implementation of the Second Council Directive; or

(ii)the implementation of Directive 94/19/EC on deposit-guarantee schemes;.”

Enforcement: building societies

F2251. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Consequential amendments

F2252. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provisions and savings

F2353. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitory provisions

F2354. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Timothy Kirkhope

Timothy Wood

Two of the Lords Commissioners of Her Majesty’s Treasury

6th June 1995

(1)

S.I. 1990/1304.

(2)

1972 c. 68; by virtue of the amendment of section 1(2) made by section 1 of the European Economic Area Act 1993

(4)

Cm 2073.

(5)

Cm 2183.

(6)

Subsection (1A) was inserted by the Banking Coordination (Second Council Directive) Regulations 1992 (S.I. 1992/3218), regulation 28(1).

Status: The Credit Institutions (Protection of Depositors) Regulations 1995 is up to date with all changes known to be in force on or before 31 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
The Credit Institutions (Protection of Depositors) Regulations 1995 (1995/1442)

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Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
C1Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)
F1Words in reg. 2(1) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(b)inserted
F2Words in reg. 2(1) revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(a)
F3Words in reg. 2(1) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(a)(i)omitted
F4Words in reg. 2(1) omitted (1.1.2014) by virtue of The Capital Requirements Regulations 2013 (S.I. 2013/3115), reg. 1(2), Sch. 2 para. 46omitted
F5Words in reg. 2(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(d)substituted
F6Words in reg. 2(1) inserted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(a)(ii)inserted
F7Words in reg. 2(1) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(e)inserted
F8Words in reg. 2(1) revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(f)
F9Words in reg. 2(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(g)substituted
F10Words in reg. 2(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(h)substituted
F11Words in reg. 2(1) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(i)inserted
F12Words in reg. 2(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 494(1)(j)substituted
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F13Regs. 3-45 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F14Regs. 46-48 revoked (26.3.2015) by The Deposit Guarantee Scheme Regulations 2015 (S.I. 2015/486), regs. 1(2), 17
F14Regs. 46-48 revoked (26.3.2015) by The Deposit Guarantee Scheme Regulations 2015 (S.I. 2015/486), regs. 1(2), 17
F14Regs. 46-48 revoked (26.3.2015) by The Deposit Guarantee Scheme Regulations 2015 (S.I. 2015/486), regs. 1(2), 17
F15Reg. 49(2) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(c)(i)substituted
F16Words in reg. 49(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(c)(ii)(aa)substituted
F17Words in reg. 49(3) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 498(b)(i)substituted
F18Words in reg. 49(3) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 498(b)(ii)substituted
F19Words in reg. 49(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(c)(ii)(bb)substituted
F20Words in reg. 49(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 12(c)(ii)(cc)substituted
F21Reg. 49(4) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 498(c)substituted
F22Regs. 51, 52 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 499
F22Regs. 51, 52 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 499
F23Regs. 53-54 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
F23Regs. 53-54 revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 (S.I. 2001/2967), art. 1(2), Sch. 2 (with arts. 9, 11, Sch. 1 Pts. 1, 2)this amendment (text ) should be read in conjunction with other related provisions, see the commentary.
I1Reg. 1 in force at 1.7.1995, see reg. 1(2)
I2Reg. 2 in force at 1.7.1995, see reg. 1(2)
I3Reg. 49 in force at 1.7.1995, see reg. 1(2)
I4Reg. 50 in force at 1.7.1995, see reg. 1(2)
Defined TermSection/ArticleIDScope of Application
building societyreg. 2. of Part Ibuilding_s_rtw2A7P
EEA institutionreg. 2. of Part IEEA_instit_rtFP3JL
EEA Statereg. 2. of Part IEEA_State_rted9AL
Electing Participants Regulationsreg. 2. of Part IElecting_P_rtY7RLY
Financial Services Compensation Schemereg. 2. of Part IFinancial__rt4CaHN
home Statereg. 2. of Part Ihome_State_rtRTyqG
home State schemereg. 2. of Part Ihome_State_rt0Ngh1
host State schemereg. 2. of Part Ihost_State_rtzodLq
investmentreg. 2. of Part Iinvestment_rtKg9qq
Irish building societyreg. 2. of Part IIrish_buil_rtx4OXI
scheme managerreg. 2. of Part Ischeme_man_rtbhp27
supervisory authorityreg. 2. of Part Isupervisor_rtE7W68
the 1986 Actreg. 2. of Part Ithe_1986_A_rtInP6I
the 2000 Actreg. 2. of Part Ithe_2000_A_rtc02PY
UK institutionreg. 2. of Part IUK_institu_rtg2BXG
unpaid contributionreg. 49. of Part Vunpaid_con_rtyhYhx
This instrument is derived from the version at www.legislation.gov.uk. To see a list of all amendments (including any to be made) check the resources page for this instrument on their website. Note, the status of this instrument is given above.
This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

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