Subsidiary Legislation
Last Revised Date: 28 December 2018
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 failure.

Amendment Notes

01 May 2011
Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 come into operation.