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

Regulation 16A Calculating total amount of depositor's eligible deposits

Revoked from 20 November 2015

(1) For the purposes of these Regulations, the total amount of a depositor's eligible deposits with a credit institution includes any interest or other premium accrued on the deposits up to and including the day of the relevant compensation event.

(2) In calculating the total amount of a depositor's eligible deposits where the authorisation of the credit institution concerned has been revoked, no account shall be taken of a debt for any sum deposited by a person with the credit institution after the revocation if the Bank is satisfied that, at the timdeposie the deposit was made, the person knew or could be reasonably be expected to have known that the authorisation had been revoked.

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