Part 15 (The Financial Services Compensation Scheme)
E793181
Part 15 (The Financial Services Compensation Scheme) is the section of UK financial services legislation that establishes and governs the statutory scheme providing compensation to customers when authorised financial firms fail.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Part 15 (The Financial Services Compensation Scheme) canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T9352067 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Part 15 (The Financial Services Compensation Scheme) Context triple: [Financial Services and Markets Act 2000, containsPart, Part 15 (The Financial Services Compensation Scheme)]
-
A.
Financial Services Act 2013
The Financial Services Act 2013 is a key Malaysian law that modernizes and consolidates the regulation and supervision of the country’s financial sector, including banking, insurance, and payment systems.
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B.
Financial Services Act 2012
The Financial Services Act 2012 is a UK law that overhauled financial regulation after the 2008 crisis, creating new supervisory bodies and strengthening oversight of the financial system.
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C.
Financial Services Act 2010
The Financial Services Act 2010 is a UK law that strengthened financial regulation and consumer protection in the wake of the global financial crisis.
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D.
Financial Services Act 1986
The Financial Services Act 1986 was a major UK law that overhauled the regulation of financial markets and investment services, laying the framework for modern City of London oversight.
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E.
Liabilities to Third Parties Scheme
The Liabilities to Third Parties Scheme is an NHS Resolution-managed indemnity scheme that covers the legal liabilities of NHS bodies to third parties, such as patients, visitors, and the public, for injury or damage arising from their activities.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Part 15 (The Financial Services Compensation Scheme) Target entity description: Part 15 (The Financial Services Compensation Scheme) is the section of UK financial services legislation that establishes and governs the statutory scheme providing compensation to customers when authorised financial firms fail.
-
A.
Financial Services Act 2013
The Financial Services Act 2013 is a key Malaysian law that modernizes and consolidates the regulation and supervision of the country’s financial sector, including banking, insurance, and payment systems.
-
B.
Financial Services Act 2012
The Financial Services Act 2012 is a UK law that overhauled financial regulation after the 2008 crisis, creating new supervisory bodies and strengthening oversight of the financial system.
-
C.
Financial Services Act 2010
The Financial Services Act 2010 is a UK law that strengthened financial regulation and consumer protection in the wake of the global financial crisis.
-
D.
Financial Services Act 1986
The Financial Services Act 1986 was a major UK law that overhauled the regulation of financial markets and investment services, laying the framework for modern City of London oversight.
-
E.
Liabilities to Third Parties Scheme
The Liabilities to Third Parties Scheme is an NHS Resolution-managed indemnity scheme that covers the legal liabilities of NHS bodies to third parties, such as patients, visitors, and the public, for injury or damage arising from their activities.
- F. None of above. chosen
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
UK financial services legislation provision
ⓘ
part of an Act of Parliament ⓘ statutory provision ⓘ |
| appliesTo |
authorised financial services firms
ⓘ
deposit-taking institutions ⓘ insurance undertakings ⓘ investment firms ⓘ other authorised persons under the Financial Services and Markets Act 2000 ⓘ |
| appliesToJurisdiction |
England and Wales
NERFINISHED
ⓘ
Northern Ireland ⓘ Scotland ⓘ |
| concerns |
compensation for deposits
ⓘ
compensation for insurance business ⓘ compensation for investment business ⓘ compensation for other regulated financial activities ⓘ |
| conditionForCompensation |
authorised firm being unable or likely to be unable to meet claims against it
ⓘ
failure of an authorised firm ⓘ |
| country | United Kingdom ⓘ |
| enablingPowerFor |
rules made by the Financial Conduct Authority relating to the Financial Services Compensation Scheme
ⓘ
rules made by the Prudential Regulation Authority relating to the Financial Services Compensation Scheme ⓘ |
| establishes | Financial Services Compensation Scheme NERFINISHED ⓘ |
| fundingMechanism | levies on authorised firms ⓘ |
| governs |
eligibility for compensation under the Financial Services Compensation Scheme
ⓘ
funding of the Financial Services Compensation Scheme ⓘ management of the Financial Services Compensation Scheme ⓘ operation of the Financial Services Compensation Scheme ⓘ |
| implementedBy | Financial Services Compensation Scheme Limited NERFINISHED ⓘ |
| jurisdiction | United Kingdom ⓘ |
| language | English ⓘ |
| legalBasisFor | statutory compensation to customers of failed authorised firms ⓘ |
| legalNature | primary legislation ⓘ |
| objective |
to contribute to consumer protection in the UK financial system
ⓘ
to enhance confidence in the UK financial services sector ⓘ |
| partOf | Financial Services and Markets Act 2000 NERFINISHED ⓘ |
| protects |
eligible claimants of authorised financial services firms
ⓘ
retail customers of failed financial institutions ⓘ |
| purpose |
to protect eligible claimants when authorised firms are unable or likely to be unable to meet claims
ⓘ
to provide compensation to customers of authorised financial services firms that fail ⓘ |
| regulates | statutory compensation arrangements for financial services customers ⓘ |
| relatedTo |
consumer protection law in the United Kingdom
ⓘ
prudential regulation of financial institutions in the United Kingdom ⓘ |
| sector | financial services regulation ⓘ |
| statutoryStatus | mandatory scheme for eligible firms and customers ⓘ |
| subjectMatter | Financial Services Compensation Scheme NERFINISHED ⓘ |
| typeOfCompensation | last-resort compensation ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Part 15 (The Financial Services Compensation Scheme) Description of subject: Part 15 (The Financial Services Compensation Scheme) is the section of UK financial services legislation that establishes and governs the statutory scheme providing compensation to customers when authorised financial firms fail.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Financial Services and Markets Act 2000 (as amended)
→
containsPart
→
Part 15 (The Financial Services Compensation Scheme)
ⓘ
subject surface form:
Financial Services and Markets Act 2000