FSCS Limits

Various concerns emerged from the events of the recent market crisis and in July 2008 the Tripartite Authorities issued a consultation paper that described a number of improvements to the FSCS depositor protection arrangements. Since then we have been working with the FSA to consider the proposals.

Current topics

See a list of all current topics we are working on

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These have included:

  • The announcement to increase the general depositor protection limit from £35,000 to £50,000 per person per deposit-taking institution.
  • The FSA’s CP 09/11 issued in March 2009 setting out arrangements for customers who have temporary high balances.
  • The FSA’s CP 09/03 issued in January 2009 outlined further proposals that would ensure a better understanding of the scheme and a quicker delivery of compensation.

We are supportive of the arrangements proposed for consumer protection and we will continue to focus on this important area and will monitor its progress.

If you have ideas or experiences that could contribute constructively to the Panel’s opinions and debates on this topic, please do use the feedback form below.

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Related FSA information

Consultation Paper CP 09/11

Consultation Paper CP 09/03

 

FSA related sites