Prudential Regulation Authority Rulebook

17.A1

17.1

The changes to this rule are effective from 23:00 on 31/12/2020.

A firm must:

1. (1) confirm that deposits are eligible deposits (if that is the case) on a depositor’s statements of account;
2. (2) include a reference to the information sheet and a reference to the exclusions list on a depositor’s statement of account in respect of deposits held by a UK or Gibraltar establishment of the firm;
3. (3) at least annually:
1. (a) provide to the depositor of deposits held by a UK or Gibraltar establishment of the firm;
1. (i) the information sheet; and
2. (ii) the exclusions list; and
2. (b) if applicable, inform the depositor of the exclusions from deposit guarantee scheme protection that fall within 2.2(4)(b) and 2.2(4)(k); and
4. (4) include the following information on a depositor’s statement of account in respect of deposits held by a UK or Gibraltar establishment of the firm:

[Note: Art. 16(1) and (3) of the DGSD]

17.2

If the depositor receives statements of account, the information set out in 17.1(3) must be provided in or with such a statement.

17.3

This rule is effective from 23:00 on 31/12/2020.

A firm which was, immediately before IP completion day, a credit institution and an incoming firm, and which is a DGS member immediately after IP completion day, must, within two months after IP completion day:

1. (1) provide to the depositor of deposits held by a UK establishment of the firm:
1. (a) the information sheet; and
2. (b) the exclusions list; and
2. (2) if applicable, inform the depositor of the exclusions from deposit guarantee scheme protection that fall within 2.2(4)(b) and 2.2(4)(k).