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
We are covered by the Financial Services Compensation Scheme (FSCS).
The ACD is covered by the Financial Services Compensation Scheme.
The Financial Services Compensation Scheme does not apply to any of these products.
The Financial Services Compensation Scheme offers compensation when an authorised firm is unable to pay claims against it, usually because the firm has gone out of business.
Further information is available from the FCA and the Financial Services Compensation Scheme.
More Definitions of Financial Services Compensation Scheme
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 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 scheme manager of the compensation scheme established under Part XVA of FSMA;
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
Financial Services Compensation Scheme means the scheme established under section 213 of the 2000 Act;