Acts
Deposit Insurance and Policy Owners' Protection Schemes Act 2011
Reconstitutes the Deposit Insurance Scheme for the purpose of providing limited compensation to insured depositors under certain circumstances.
Reconstitutes the Deposit Insurance Scheme for the purpose of providing limited compensation to insured depositors under certain circumstances. To establish a Policy Owners’ Protection Scheme for the purpose of compensating (in part or whole) or otherwise assisting or protecting insured policy owners and beneficiaries under certain circumstances.
Related to this Item
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Subsidiary LegislationLast Revised Date: 28 December 2018
Deposit Insurance and Policy Owners' Protection Schemes (Deposit Insurance) Regulations 2011
Sets out the requirements on asset maintenance, operational preparedness, maintenance of register and disclosure as well as the method for determination of premium contributions and compensation payment concerning the Deposit Insurance Scheme. The scheme protects depositors in case of a full bank or finance company...
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Subsidiary LegislationPublished Date: 25 July 2011
Deposit Insurance and Policy Owners' Protection Schemes (Effective Date) Notification 2011
Sets out the effective date of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011. The scheme protects depositors and policy owners in case of a bank or insurer failure.
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Subsidiary LegislationPublished Date: 27 April 2011
Deposit Insurance and Policy Owners' Protection Schemes (Additional Premium Contribution) Order 2011
Specifies the cap on additional premium contribution payable by scheme members under the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011. The scheme protects depositors and policy owners in case of a bank or insurer failure.
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Subsidiary LegislationPublished Date: 27 April 2011
Deposit Insurance and Policy Owners' Protection Schemes (Financial Penalty) Order 2011
Sets out the financial penalties payable by a scheme member who fails to comply with asset maintenance requirements under the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011. The scheme protects depositors and policy owners in case of a bank or insurer failure.