icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Deposit Guarantee Scheme Regulations 2015 [SI 2015 No. 486]Introductory TextPart 1 Introductory Provisions (regs. 1-3)Regulation 1 Citation and commencementRegulation 2 InterpretationRegulation 3 Meaning of "compensation scheme member"Part 2 The compensation scheme (regs. 4-12)Regulation 4 Designation of competent authority and designated authorityRegulation 5 Notification to the scheme manager of problems with a compensation scheme memberRegulation 6 Time limit for determining that a compensation scheme member is unable to repay depositsRegulation 7 Maximum compensation payable in respect of deposits held with a compensation scheme memberRegulation 7A Transitional maximum compensation levelRegulation 8 Determination by PRA whether contributions may be raised by the scheme managerRegulation 9 Approval of increased levies for the purposes of the compensation schemeRegulation 10 Payment of compensation by the scheme manager on behalf of a non-UK schemeRegulation 11 Notification of covered deposits and available financial means of the compensation schemeRegulation 12 Notification of contents of co-operation agreementsPart 3 Amendments of primary and secondary legislation (regs. 13-17)Regulation 13 Amendment of FSMARegulation 14 Amendment of the Insolvency Act 1986Regulation 15 Amendment of the Insolvency (Northern Ireland) Order 1989Regulation 16 Amendment of the Bankruptcy (Scotland) Act 1985Regulation 17 Credit Institutions (Protection of Depositors) Regulations 1995: revocationPart 4 Review (reg. 18)Regulation 18 ReviewSignatureExplanatory NoteExplanatory Memorandum
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 25th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 March 2015 - onwards
Version 2 of 2

Regulation 9 Approval of increased levies for the purposes of the compensation scheme

If the PRA makes compensation scheme rules in respect of eligible deposits limiting the levy payable by a compensation scheme member in respect of a period specified in those compensation scheme rules, the PRA may on receiving a request in writing from the scheme manager approve a levy on a person that exceeds that limit.

PreviousNext