Financial Services Compensation Scheme definition

Financial Services Compensation Scheme means this Scheme and any successor scheme.

Financial Services Compensation Scheme or “FSCS” means the United Kingdom financial services compensation scheme administered in accordance with the UK Financial Services and Markets Act 2000 and any successor or replacement scheme or organisation responsible for the time being for the compensation of customers of FCA authorised financial services firms in the United Kingdom.

Financial Services Compensation Scheme means the scheme established under Part XV of FSMA for compensating persons in the cases specified in sections 213(1)(a) to 213(1)(b) of FSMA;

Examples of Financial Services Compensation Scheme in a sentence

• Please note that the funds held in your E-wallet are NOT protected by the Financial Services Compensation Scheme; however, we follow the requirements of the Electronic Money Regulations 2011 which are designed to ensure the safety of funds held on accounts such as this.

• You may be entitled to compensation from the Financial Services Compensation Scheme (“FSCS”) should we be unable to meet our obligations.

• Their address is: Financial Ombudsman Service, Exchange Tower, London E14 9SR Their website is at: xxxxx://xxx.xxxxxxxxx-xxxxxxxxx.xxx.xx/ Compensation We are covered by the Financial Services Compensation Scheme (“FSCS”), which deals with claims against FCA regulated firms that are insolvent or are no longer trading.

• The Client may be entitled to compensation from the Financial Services Compensation Scheme (“FSCS”) should WTW be unable to meet its obligations.

• We are covered by the Financial Services Compensation Scheme (“FSCS”), which deals with claims against FCA regulated firms that are insolvent or are no longer trading.

More Definitions of Financial Services Compensation Scheme

Financial Services Compensation Scheme means the UK compensation scheme, established under the FSMA, which commenced operations on 1 December 2001 as a fund of last resort to protect deposits and certain other obligations, within prescribed limits, of customers of authorised financial services firms which are unable, or likely to become unable, to meet their obligations in respect thereof, or any successor or replacement scheme;

Financial Services Compensation Scheme means this Scheme and any successor scheme. “FSMA” means the Financial Services and Markets Act 2000 or any successor legislation.

Financial Services Compensation Scheme means the Financial Services Compensation Scheme referred to in section 213(2) of the Financial Services and Markets Act 2000;

Financial Services Compensation Scheme or “FSCS” means the UK's statutory fund of last resort for customers of financial services firms. The FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services and Markets Act 2000.

Financial Services Compensation Scheme means the scheme established under section 213 of the 2000 Act;

Financial Services Compensation Scheme means this Scheme and any successor scheme. “FSMA” means the Financial Services and Markets Act 2000 or any successor legislation. “Industrial and Provident Society Act 1965” means Act and any successor Act and/or Order

Financial Services Compensation Scheme means the scheme manager of the compensation scheme established under Part XV of FSMA; “firm” means a person who is carrying on, or has carried on, regulated activities and services;