Deposit protection for client accounts
If an authorised deposit-taking institution collapses, funds held on behalf of clients could be affected and may be eligible for compensation. As a result of changes to the rules governing payout of compensation in such an event the Financial Services Compensation Scheme has introduced new processes and technology to enable faster payout.
This practice note reflects developments in the framework governing deposit protection and provides best practice advice for practitioners.
Current version
Deposit protection for client accounts - 11 October 2011