The Financial Services Compensation Scheme (FSCS) took operational responsibility for investment and...
The Financial Services Compensation Scheme (FSCS) took operational responsibility for investment and deposit protection business on 1 February, earlier than originally planned. The creation of a single financial services compensation scheme, which is accountable to the FSA, follows consultation last year. The FSCS has taken full responsibility for managing the Investors Compensation Scheme (ICS) which is now a wholly owned subsidiary of FSCS, and the Deposit Protection Scheme, under a service level agreement with the Deposit Protection Board. FSCS is currently discussing the terms of a ...
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