Annex 2 – Content of Compensation Stickers and Posters (Chapter 23)
| 1 | The compensation stickers must contain the following statements only: | |
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UK banks Northern Ireland credit unions |
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| (1) | "Your eligible deposits with [insert name of firm] are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit www.fscs.org.uk ." As an alternative, for credit unions or Northern Ireland credit unions that accept deposits under a single brand or trading name: "Your eligible deposits are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit www.fscs.org.uk " |
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| Incoming firm that is a credit institution | ||
| (2) | "Your eligible deposits with [insert name of firm] are protected up to a total of [insert 100,000 euro or home state equivalent] by [insert name of compensation scheme] the [insert home state of compensation scheme] deposit guarantee scheme and are not protected by the UK Financial Services Compensation Scheme. Any deposits you hold above the [insert 100,000 euro or home state equivalent] limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit [insert website address of scheme]." |
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| 2 | The compensation posters must contain the following statements only: | |
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UK banks Northern Ireland credit unions |
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| (1) | Firms that accept deposits under a single brand or trading name "Your eligible deposits with [insert name of firm] are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit www.fscs.org.uk" As an alternative, for credit unions or Northern Ireland credit unions that accept deposits under a single brand or trading name: "Your eligible deposits are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit www.fscs.org.uk" |
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| (2) | Firms that accept deposits under multiple brands or trading names "Your eligible deposits with [insert name of firm] are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: [insert names of brands as appropriate]. Any total deposits you hold above the limit between these brands are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit www.fscs.org.uk" |
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| Incoming firm that is a credit institution | ||
| (3) | Incoming firm that is a credit institution and accepts deposits under a single brand or trading name "Your eligible deposits with [insert name of firm] are protected up to a total of [insert 100,000 euro or home state equivalent] by [insert name of compensation scheme] the [insert home state of compensation scheme] deposit guarantee scheme and are not protected by the UK Financial Services Compensation Scheme. Any deposits you hold above the [insert 100,000 euro or home state equivalent] limit are unlikely to be covered. Please ask/click here [delete as appropriate] for further information or visit [insert website address of scheme]." |
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| (4) |
Incoming firm that accepts deposits under multiple brands or trading names |
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| 3 | Each of the statements in 1 and 2 must appear as written with the first and second statements on separate lines. The second statement must appear in smaller font. |
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| 4 | In 1(1), 2(1) and 2(2), the limit figures must appear in bold font. | |
- 06/09/2016