Currency of Compensation | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Depositor Protection

Chapter

Currency of Compensation

Printed on: 09/05/2025

Rulebook at: 12/03/2023


8

Currency of Compensation

8.1

This Chapter applies only to the FSCS.

  • 03/07/2015

8.2

The FSCS must make compensation payments in respect of eligible deposits in pounds sterling. Where the account in which the eligible deposit was held was maintained in a different currency, the FSCS must use the exchange rate applying on the compensation date.

  • 31/12/2020

8.3

[Deleted.]

  • 31/12/2020