Regulation 8 Retention of deposit if credit institution ceases to carry on business without compensation event

If an authorised or formerly authorised credit institution ceases to carry on business, but no compensation event has occurred in relation to the credit institution, the Bank may retain the full amount, or such lesser amount as the Bank considers appropriate, of the credit institution's deposit in the deposit protection account until it is satisfied that all liability of the credit institution in respect of every person maintaining an eligible deposit with it has been or will be discharged.