Prudential Regulation Authority Rulebook

16.A1

16.1

This Chapter does not apply to the FSCS.

16.2

A firm must:

1. (1) prepare an ‘information sheet’ and prepare an exclusions list;
2. (2) ensure that the information sheet is kept up-to-date;
3. (3) before entering into a contract on deposit-taking with the intending depositor:
1. (a) provide the exclusions list to;
2. (b) provide the information sheet to; and
3. (c) obtain an acknowledgement of receipt of the information sheet from,
4. each intending depositor.
5. (4) before entering into a contract on deposit-taking, inform each intending depositor of the exclusions from deposit guarantee scheme protection that fall within 2.2(4)(b) and 2.2(4)(k), if applicable.

[Note: Art. 16(1), (2), (3) and (4) and Art. 19(2) of the DGSD]

16.3

Where the depositor holds eligible deposits through a UK establishment, the information sheet must be in English, or, if different, in the language that was agreed between the depositor and the firm when the account was opened. A firm which accepts eligible deposits through a branch established in another EEA State may provide the information sheet in the official language of that EEA State.

[Note: Art. 16(4) of the DGSD]