Financial Services Compensation Scheme

GPTKB entity

Statements (37)
Predicate Object
gptkbp:instanceOf compensation
gptkbp:abbreviation gptkb:FSCS
gptkbp:CEO gptkb:Caroline_Rainbird
gptkbp:compensation customers of failed financial firms
gptkbp:country gptkb:United_Kingdom
gptkbp:covers banks
credit unions
insurance companies
building societies
debt management firms
investment firms
pension providers
mortgage intermediaries
gptkbp:does_not_cover cryptocurrency losses
losses above compensation limits
unregulated firms
gptkbp:established 2001
gptkbp:fundedBy levies on financial services industry
gptkbp:headquarters_location gptkb:London
https://www.w3.org/2000/01/rdf-schema#label Financial Services Compensation Scheme
gptkbp:legalForm gptkb:public_company
gptkbp:maximum_compensation_(deposits) £85,000 per person per firm
gptkbp:maximum_compensation_(insurance) 100% of claim (compulsory insurance)
90% of claim (non-compulsory insurance)
gptkbp:maximum_compensation_(investments) £85,000 per person per firm
gptkbp:parentOrganization Financial Conduct Authority
Prudential Regulation Authority
gptkbp:protectedBy consumers
gptkbp:purpose protect consumers when authorised financial services firms fail
gptkbp:regulates financial services
Financial Conduct Authority
Prudential Regulation Authority
gptkbp:website https://www.fscs.org.uk/
gptkbp:bfsParent gptkb:HSBC_UK
gptkb:RBS_Current_Accounts
gptkb:FSCS
gptkbp:bfsLayer 6