financial compensation scheme

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
gptkbp:administeredBy gptkb:Financial_Services_Compensation_Scheme_(FSCS)
gptkbp:appliesTo authorised financial services firms
gptkbp:commonIn gptkb:United_Kingdom
gptkbp:compatibleWith cryptocurrencies
unregulated investments
gptkbp:covers investment business
bank deposits
insurance policies
home finance
gptkbp:established 2001
gptkbp:fundedBy levies on financial services firms
https://www.w3.org/2000/01/rdf-schema#label financial compensation scheme
gptkbp:maximumCompensation £85,000 per person per firm (as of 2024)
gptkbp:purpose to compensate individuals or entities for financial loss
gptkbp:regulates Financial Conduct Authority
Prudential Regulation Authority
gptkbp:website https://www.fscs.org.uk/
gptkbp:bfsParent gptkb:UK_Financial_Services_Authority
gptkbp:bfsLayer 6