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Written question asked by Lord Laird (Ulster Unionist Party), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Thursday, 7 July 2011.


Banking: Iceland

Question
To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 26 April (WA 12) concerning £418 million unclaimed by the United Kingdom customers of failed Icelandic banks, under what circumstances claims for compensation from United Kingdom depositors in failed Icelandic banks are deemed ineligible under the Financial Services Compensation Scheme.
Answer

Information on the eligibility rules can be found on the Financial Services Compensation Scheme website and in the Financial Services Authority Handbook under Redress, Compensation. This information is available at the following websites: www.fscs.org.uk/what-we-cover/eligibility-rules/http://fsahandbook.info/FSA/html/handbook/COMP.


Secondary information

Type
Written question
Reference
10692; 729 c91WA
Session
2010-12
Related items
Banking: Iceland
Tuesday, 26 April 2011
Written questions
House of Lords
Subjects
Compensation Banks Eligibility Insolvency Iceland Financial Services Compensation Scheme
Link
View this Written question on www.publications.parliament.uk