Prudential Regulation Authority Rulebook

4.1

This Chapter applies only to the FSCS.

4.2

The FSCS may, subject to Chapter 5, pay compensation to an eligible claimant if it is satisfied that:

1. (1) an eligible claimant has made an application for compensation;
2. (2) the claim is a protected dormant account claim against a dormant account fund operator who is in default; and
3. (3) where the FSCS so requires, the claimant has assigned the whole or any part of his rights against the dormant account fund operator or against any third party to the FSCS, on such terms as the FSCS thinks fit.