22

Notification Requirements on Transfer to a Non-UK Scheme

22.1

If a firm which is a DGS member intends to transfer to become a member of a non-UK scheme, and cease to be a DGS member, it shall give at least six months’ notice to the FSCS and the PRA of its intention to make such a transfer. During the six month period, the firm shall remain a DGS member.

[Note: Art. 14(4) of the DGSD]