Statutory Instrument 1995 No. 1442

The Credit Institutions (Protection of Depositors)Regulations 1995

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1995 No. 1442

BANKING

The Credit Institutions (Protection of Depositors)Regulations 1995

Made	6th June 1995

Laid before Parliament

7th June 1995

Coming into force

1st July 1995

ARRANGEMENT OF REGULATIONS

Main provisionsSupplementary provisions

Main provisionsSupplementary provisions

Part I
General
1.	Citation, commencement and extent
2.	Interpretation
Part II
Participation in host State schemes
Chapter I
Participation in UK scheme by EEA institution
3.	Eligibility to participate in scheme
4.	Participation in scheme
5.	Withdrawal from scheme
6.	Exclusion where institution no longer eligible
7.	Exclusion where institution in default
8.	Appeals against decisions of Board
9.	Duty of institution to notify withdrawal or exclusion
10.	Duty of Board to consult with home State authority
11.	Power of Board to make agency and information agreements
12.	Duty of Board to maintain list of participating EEA institutions
Chapter II
Participation in EEA scheme by UK institution or building society
13.	Duty of institution or society to notify withdrawal or exclusion
14.	Liability of institution or society in respect of payments under host State scheme
15.	Duty of Board to consult with host State authority
16.	Power of Board to make agency and information agreements
17.	Duty of Bank or Commission to declare that deposits are no longer available
18.	Powers of authority responsible for host State scheme
Chapter III
Non-participation in deposit protection scheme by non-EEA institution
19.	Eligibility not to participate in scheme
20.	Election not to participate in scheme
21.	Election to cease to have effect where institution no longer eligible
22.	Appeals against decisions of Board
23.	Duty of institution to notify election not to participate
24.	Duty of Board to maintain list of participating non-EEA institutions
Part III
Amendments of Part II of 1987 Act
25.	Functions of Deposit Protection Board
26.	The Deposit Protection Fund
27.	Contributory institutions etc.
28.	Initial contributions
29.	Calculation of deposit base of transferee institutions
30.	Compensation payments to depositors
31.	Meaning of insolvency etc.
32.	Protected deposits
33.	Trustee deposits, joint deposits etc.
34.	Liability of institution in respect of compensation payments
35.	Power to obtain information
Part IV
Amendment of Part IV of 1986 Act
36.	Function of Investor Protection Board
37.	The Investor Protection Fund
38.	Meaning of insolvency etc.
39.	Duty to levy contributions etc.
40.	Payments to investors
41.	Liability of insolvent institution in respect of payments made by Board
42.	Repayments in respect of contributions
43.	Power to obtain information
44.	Trusts and joint or client account holdings
Part V
Miscellaneous and supplemental
Miscellaneous
45.	Meaning of "deposit" in 1987 Act
46.	Information to be supplied on request
47.	Information in explanatory literature
48.	Information in advertisements
Supplemental
49.	Enforcement: UK and non-EEA institutions
50.	Enforcement: EEA institutions
51.	Enforcement: building societies
52.	Consequential amendments
53.	Transitional provisions and savings
54.	Transitory provisions

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