the Financial Services Compensation Scheme
E793185
The Financial Services Compensation Scheme is the UK’s statutory deposit insurance and investor compensation scheme that protects customers when authorised financial firms fail.
All labels observed (1)
| Label | Occurrences |
|---|---|
| the Financial Services Compensation Scheme canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T9352077 — 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: the Financial Services Compensation Scheme Context triple: [Financial Services and Markets Act 2000, providesFor, the Financial Services Compensation Scheme]
-
A.
Financial Services Commission
The Financial Services Commission is a Florida state regulatory body that oversees the insurance and financial services industries, including licensing, compliance, and consumer protection functions.
-
B.
Financial Services Authority
The Financial Services Authority was the former UK regulator responsible for overseeing the financial services industry, including banks, insurers, and investment firms, until its functions were replaced in 2013.
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C.
Financial Conduct Authority
The Financial Conduct Authority is the United Kingdom’s main financial regulator responsible for overseeing financial markets, firms, and consumer protection.
-
D.
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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E.
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.
- 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: the Financial Services Compensation Scheme Target entity description: The Financial Services Compensation Scheme is the UK’s statutory deposit insurance and investor compensation scheme that protects customers when authorised financial firms fail.
-
A.
Financial Services Commission
The Financial Services Commission is a Florida state regulatory body that oversees the insurance and financial services industries, including licensing, compliance, and consumer protection functions.
-
B.
Financial Services Authority
The Financial Services Authority was the former UK regulator responsible for overseeing the financial services industry, including banks, insurers, and investment firms, until its functions were replaced in 2013.
-
C.
Financial Conduct Authority
The Financial Conduct Authority is the United Kingdom’s main financial regulator responsible for overseeing financial markets, firms, and consumer protection.
-
D.
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.
-
E.
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.
- F. None of above. chosen
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 ⓘ |
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: the Financial Services Compensation Scheme Description of subject: The Financial Services Compensation Scheme is the UK’s statutory deposit insurance and investor compensation scheme that protects 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)
→
providesFor
→
the Financial Services Compensation Scheme
ⓘ
subject surface form:
Financial Services and Markets Act 2000