20
Disclosure of Withdrawal or Exclusion from the Deposit Guarantee Scheme
20.1
A firm must inform depositors within one month if it withdraws from or is excluded from the deposit guarantee scheme.
[Note: Art. 16(7) of the DGSD]
- 31/12/2020
20.2
A Gibraltar-based credit institution with an establishment in the UK must inform depositors of that establishment within one month if it withdraws from or is excluded from the Gibraltar DGS.
- 31/12/2020
20.3
[Deleted.]
- 01/07/2023
20.4
An overseas firm must as soon as practically possible provide the information in (1) and (2) to depositors if deposits it holds will, within twelve months, cease to be eligible deposits by virtue of such deposits no longer being held at a UK establishment of the overseas firm:
- (1) the date on which it is anticipated that deposits will cease to be eligible deposits;
- (2) details of any compensation scheme that may cover the deposits in whole or in part from that date.
- 01/07/2023