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Home > Prudential Regulation Authority > Updates on the Financial Services Compensation Scheme
 

Updates on the Financial Services Compensation Scheme

FSCS  |  Updates  Banking  |  Insurance

Updates

January 2017

On Monday 16 January the PRA issued two publications related to the Financial Services Compensation Scheme (FSCS):

November 2016

On 21 November 2016, the Prudential Regulation Authority (PRA) published CP41/16 ‘Deposit protection limit’ which sets out the PRA’s proposals to reset the deposit protection limit at £85,000. 

September 2016

On 27 September the PRA published Policy Statement 25/16 'Implementing risk-based levies for the Financial Services Compensation Scheme deposit class', and Statement of Policy 'Calculating risk-based levies for the Financial Services Compensation Scheme deposit class'.

March 2016

On 4 March 2016 the PRA published Consultation Paper 7/16 ‘Implementing risk-based levies for the Financial Services Compensation Scheme deposits class’ which sets out proposed changes to the Depositor Protection Part in the PRA Rulebook, and a new statement of policy in relation to the calculation of firm contributions to the Financial Services Compensation Scheme (FSCS).  See ‘CP7/16’ for further information.

Background, key changes and implementation - 2015

For background on the key changes that took place in 2015, see ‘PRA Deposit Guarantee Scheme – background, key changes and implementation 2015’.

Policy development
Date
​Title
CP open/ closed    
​Final policy published/planned
​16.01.17 Deposit protection limit - PS1/17 n/a​ ​
​16.01.17 Financial Services Compensation Scheme - Management Expenses Levy Limit 2017/18 - CP1/17 ​Open until 13.02. 17 ​March 2017
​21.11.16 ​Deposit protection limit - CP41/16 Closed 16.12.16
​31.07.15 Depositor and dormant account protection - consequential amendments - PS18/15 ​n/a
03.07.15
Closed 24.07.15
 
03.07.15
n/a
03.07.15
n/a
02.06.15
Closed 19.06.15
20.05.15
n/a
01.04.15
n/a
01.04.15
n/a
01.04.15
Closed
01.05.15
30.01.15
Closed 27.02.15
06.10.14
Closed 06.01.15
06.10.14
Closed 06.01.15

 
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