13 Preferential debts: Great Britain
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

Part 2 Depositor Preference and the Financial Services Compensation Scheme

Depositor preference

13  Preferential debts: Great Britain

(1)     In Schedule 6 to the Insolvency Act 1986 (categories of preferential debts) after paragraph 15A insert—

“Category 7: Deposits covered by Financial Services Compensation Scheme
15B

So much of any amount owed at the relevant date by the debtor in respect of an eligible deposit as does not exceed the compensation that would be payable in respect of the deposit under the Financial Services Compensation Scheme to

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