(1) Subject to paragraph (2), the designated authority shall ensure that a duly-verified repayable amount is available within 7 working days of the decision date.
(2) A transitional period shall apply until 31 December 2023 and shall establish the following repayment periods in respect of duly-verified eligible deposits:
(a) not more than 20 working days until 31 December 2018;
(b) not more than 15 working days from 1 January 2019 until 31 December 2020;
(c) not more than 10 working days from 1 January 2021 until 31 December 2023.
(3)Deposits referred to in Regulation 12(4) and (5) that are duly verified are subject to a longer repayment period, which does not exceed 3 months from the decision date.
(4) Where, during the transitional period until 31 December 2023 referred to in paragraph (2), the designated authority cannot make a repayable amount available within 7 working days, it shall ensure that depositors have access to an appropriate amount of their covered deposits to cover the
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