Schedule 6, paragraph 15C

In paragraph 15AA “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000. In paragraphs 15B to 15BB “eligible deposit” means a deposit in respect of which the person, or any of the persons, to whom it is owed would be eligible for compensation under the Financial Services Compensation Scheme. For the purposes of those paragraphs and this paragraph a “deposit” means rights of the kind described in— paragraph 22 of Schedule 2 to the Financial Services and Markets Act 2000 (deposits), or section 1(2)(b) of the Dormant Bank and Building Society Accounts Act 2008 (balances transferred under that Act to authorised reclaim fund). In paragraphs 15BA and 15BB, “eligible person” means— an individual, or any micro, small and medium-sized enterprise, as defined with regard to the annual turnover criterion referred to in Article 2(1) of the Annex to Commission recommendation 2003/361/EC. In paragraph 15BB— and for this purpose “the capital requirements regulation” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 , as it forms part of assimilated law. “credit institution” has the meaning given in Article 4.1(1) of the capital requirements regulation; “non-UK branch” means a branch, as defined in Article 4.1(17) of the capital requirements regulation, which is established outside the United Kingdom; “UK branch” means a branch, as so defined, which is established in the United Kingdom,

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Source: legislation.gov.uk · retrieved 2026-09-04