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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
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Version status: | Document consolidation status: Updated to reflect all known changes
Version date: 4 March 2015 - onwards

Explanatory Memorandum

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