Prudential Regulation Authority Rulebook

19.1

This Chapter applies only to the FSCS.

19.2

If:

1. (1) a DAS member (A) assumes the liability to repay the dormant accounts of another DAS member (B);
2. (2) B is no longer liable to pay a DAS levy to the FSCS; and
3. (3) the assumption of liability takes place after the date to which, or as of which, A's most recent tariff statement is drawn up,

the FSCS must require A pay an additional amount equal to the levy that would have been payable by B in relation to the relevant business and class J if the acquisition had not taken place and B had remained liable to pay DAS levies. The amount is based on B’s most recent tariff statement.

19.3

This Chapter only applies with respect to those financial years of the FSCS for which A's levies are calculated on the basis of a tariff statement drawn up to a date, or as of a date, before the assumption of liability took place.