the Financial Services Compensation Scheme

E793185
deposit insurance scheme investor compensation scheme statutory body

The Financial Services Compensation Scheme is the UK’s statutory deposit insurance and investor compensation scheme that protects customers when authorised financial firms fail.

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Observed surface forms (1)

Surface form Occurrences
Financial Services Compensation Scheme 0

Statements (49)

Predicate Object
instanceOf deposit insurance scheme ⓘ
investor compensation scheme ⓘ
statutory body ⓘ
compensationScope authorised UK financial services firms only ⓘ
compensationTrigger authorised financial firm is unable or likely to be unable to meet claims ⓘ
compensationType deposit protection ⓘ
home finance protection ⓘ
insurance protection ⓘ
investment protection ⓘ
country United Kingdom ⓘ
eligibilityCriterion customer must have a valid claim against a failed firm ⓘ
firm must be authorised by UK financial regulators ⓘ
establishedBy UK Parliament NERFINISHED ⓘ
function provides compensation for insurance policyholders in certain cases ⓘ
provides compensation for some types of mortgage and other financial business ⓘ
provides compensation to eligible depositors ⓘ
provides compensation to eligible investors ⓘ
fundingModel levies on authorised financial services firms ⓘ
hasAbbreviation FSCS NERFINISHED ⓘ
hasWebsite https://www.fscs.org.uk/ ⓘ
headquartersLocation London NERFINISHED ⓘ
industry banking ⓘ
insurance ⓘ
investment services ⓘ
mortgage and home finance ⓘ
jurisdiction United Kingdom ⓘ
languageOfWorkOrName English ⓘ
legalBasis Financial Services and Markets Act 2000 NERFINISHED ⓘ
legalStatus independent body ⓘ
operatesOnPrinciple last resort compensation ⓘ
protects certain charities ⓘ
certain trusts ⓘ
retail consumers ⓘ
small businesses ⓘ
purpose to protect customers of authorised financial firms when those firms fail ⓘ
regionServed England ⓘ
Northern Ireland ⓘ
Scotland ⓘ
Wales ⓘ
regulator Financial Conduct Authority NERFINISHED ⓘ
Prudential Regulation Authority NERFINISHED ⓘ
regulatoryFramework Financial Conduct Authority rules ⓘ
Prudential Regulation Authority rules ⓘ
relatedConcept deposit guarantee scheme ⓘ
investor compensation scheme ⓘ
roleInSystem safety net for customers of failed financial firms ⓘ
sector financial services ⓘ
shortName FSCS NERFINISHED ⓘ
supervision overseen within the UK financial regulatory framework ⓘ

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) → providesFor → the Financial Services Compensation Scheme ⓘ
subject surface form: Financial Services and Markets Act 2000