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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 20 November 2015 - onwards
Version 2 of 2

Regulation 34 Transitional provisions

(1)Deposits and other instruments that have an initial maturity which cease to be covered wholly or partially by the deposit guarantee scheme after the making of these Regulations are covered until their initial maturity date, where they were paid in or issued on or before 2 July 2014.

(2)Credit institutions shall inform depositors regarding the deposits or categories of deposits or other instruments which shall no longer be covered by the deposit guarantee scheme on and after 3 July 2015.

(3) Until the target level has been reached for the first time, in circumstances where Regulation 25(4) has been applied, the designated authority may apply the thresholds in Regulation 25(7) in relation to the then available financial means in the Fund.