Reconstitutes the Deposit Insurance Scheme for the purpose of providing limited compensation to insured depositors under certain circumstances.
Published 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.