Funding - Business Acquisitions from Non-DGS Members | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Depositor Protection

Chapter

Funding - Business Acquisitions from Non-DGS Members

Printed on: 11/05/2025

Rulebook at: 01/10/2016


40

Funding - Business Acquisitions from Non-DGS Members

40.1

This Chapter applies only to the FSCS.

  • 03/07/2015

40.2

If a DGS member (A) assumes a liability to repay deposits held by a non-DGS member (B) and the assumption of liability takes place after the date to which, or as of which, A’s most recent statement of business is drawn up, the FSCS must not require A to pay an additional amount as a result of that acquisition.

  • 03/07/2015

40.3

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 statement of business drawn up to a date, or as of a date, before the assumption of liability took place.

  • 03/07/2015