Prudential Regulation Authority Rulebook

37.1

This Chapter applies only to the FSCS.

37.2

If the FSCS invests any available financial means of the deposit guarantee scheme, it must invest it in a low-risk and sufficiently diversified manner.

[Note: Art. 10(7) of the DGSD]

37.3

The FSCS must hold any amount collected from a DGS specific costs levy, DGS compensation costs levy or legacy costs levy to the credit of class A.

37.4

Interest earned by the FSCS in the management of funds held to the credit of class A must be credited to that class, and must be set off against the DGS management expenses, DGS compensation costs and legacy costs allocated to that class.

37.5

The FSCS must keep accounts which include:

1. (1) the funds held to the credit of class A; and
2. (2) the liabilities of class A.