Guidance

SS18/15 – Depositor protection

Chapter

Introduction

Printed on: 06/11/2024

Rulebook at: 01/07/2023

1

Introduction

1.1

This supervisory statement (SS) sets out the expectations of the Prudential Regulation Authority (PRA) on deposit-takers with regards to the Depositor Protection rules.[1]

  • 1. 1 This SS has been updated a number of times. See Annex for full details.
  • 01/07/2023

1.2

This statement is intended to be read together with the rules contained in the Depositor Protection Part of the PRA Rulebook.

  • 01/07/2023

1.3

This statement is relevant to deposit-takers (hereafter,‘firms’) to which these rules apply.

  • 01/07/2023

1.4

By setting out the PRA’s expectations with regards to the Depositor Protection rules, this statement may help to minimise the adverse effect that the failure of a PRA firm could have on financial stability and enhance depositor confidence and therefore contribute towards the safety and soundness of firms.

  • 01/07/2023