Modern Merchant Banking - Close Brothers Treasury · Modern Merchant Banking Please complete this...

Euro Notice AccountSummary BoxThis application form cover sheet provides you with a product summary box for each term currently available on this product. For thefull terms and conditions of the Euro Notice Account, please read pages 1 and 2 (guidance notes) of the product application form.

Account name Euro Notice AccountWhat is the interest rate? Please refer to the cash illustrations, shown below.

Note, accrued interest is calculated daily and is paid into the EuroNotice Account semi-annually on 1 January and 1 July.

Can Close Brothers Treasury change the interest rate? Yes, the Euro Notice Account rate (managed rate**) can be changedat any time, however, we must give you at least 1 month's writtennotice of any reduction in interest rate.

What would the estimated balance be after 12 months Please refer to the cash illustrations, shown below.based on €1000 deposit? To comply with regulations issued by the Financial Conduct Authority

we are displaying a cash illustration based on €1,000 deposit amount.This is for illustration purposes only to allow cross market comparison;the minimum deposit on this product is €100,000.

How do I open and manage my deposit? You can only apply for this product via postal application. To manageyour deposit, you can contact us by post, telephone or email. Minimumdeposit of €100,000 must be maintained at all times, maximum of €10million per term applies.

Can I withdraw money? Yes, you may place a notice instruction to withdraw funds at any time,in writing or over the telephone. Your funds will then be repaid followingcompletion of the applicable notice period. The minimum sum thatcan be placed on notice is €10,000. You may place additional fundsensuring the balance does not exceed the account's maximum balance.

Cash illustrationProduct name: Euro Notice AccountExample amount: € 1,000.00Term: 30 DayInterest rate (AER*): 0.10%Estimated balance after 12 months: € 1,001.01

Cash illustrationProduct name: Euro Notice AccountExample amount: € 1,000.00Term: 3 MonthInterest rate (AER*): 0.20%Estimated balance after 12 months: € 1,002.03



Modern Merchant Banking

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Euro Notice Account Issue 2Guidance notes


Please complete this form in BLOCK CAPITALS and then return to Close Brothers Limited, 4th Floor, 10 Crown Place, London, EC2A 4FT.

Please retain pages 1 and 2 for your information. All fields are mandatory, unless stated otherwise. We may have to return incomplete or incorrectly filled forms which may delay the processing of your application.

Applying for a Euro Notice Account

Please carefully read the information on pages 1 and 2, then complete the details requested on pages 3, 4, 5, 6, 7 and 8 in pen using BLOCK CAPITALS before signing the Acknowledgement and Confirmation. Please send your completed application form, together with any documentation that we have requested (see Documentation checklist on page 5), to Close Brothers Limited at our above address.

If you have any questions about your application, please contact your local Relationship Manager or call our Business Relationship team on 020 3857 3060 (opening hours: Monday to Friday, 9am – 5pm).

Important informationThe Customer Agreement and Additional Conditions form the standard client agreement upon which we intend to rely. A copy of the Customer Agreement is provided with this application form or can be found on our website (www.closetreasury.co.uk). For your benefit and protection you should read the Customer Agreement and Additional Conditions carefully before agreeing to them by signing and returning this application form to us. If you do not understand any point please ask for further information. Copies of the Customer Agreement are also available upon request by telephoning 020 3857 3060 (opening hours: Monday to Friday, 9am to 5pm).

Euro Notice Account acceptance criteria

Our Euro Notice Accounts are based on a standard notice account. This means that a notice period, for the applicable period of the particular account you hold (e.g. 30 days’ notice), must be served before the repayment of funds.

Deposits can be made by UK registered companies, UK institutions and UK registered charities. Local authorities, non-credit financial institutions, trusts, individuals and pension deposits (SIPP/SSAS) are not eligible for the Euro Notice Account. We may also consider applications from non UK based registered companies, institutions and registered charities. We reserve the right to consider such applicants on an individual basis. This is a limited offer, subject to availability and may be withdrawn at any time. We may refuse a deposit or decline to open an account.

For your application to be considered, we must receive your fully completed application form together with your initial deposit by electronictransfer. You may use this application form to apply for the 30 Day, 3 Month, 6 Month or 12 Month Euro Notice Account terms. One account

Euro Notice Account Additional Conditions

All deposits placed with Close Brothers Treasury are subject to the Customer Agreement (as may be varied) and to these Additional Conditions. If there is any conflict between the Customer Agreement and these Additional Conditions, these Additional Conditions will apply. The Customer Agreement (together with these Additional Conditions) is the standard client agreement upon which we intend to rely.

The minimum balance required to open a Euro Notice Account is €100,000. The minimum balance must be maintained at all times.

The maximum balance allowed at any time is €10,000,000 per account term.

One account term per Issue per depositor permitted (e.g. one 30 Day and one 6 Month notice account)

The initial deposit must be paid by electronic transfer from a Euro account held in the applicant’s name, subject to the nominated bankaccount requirements detailed on page 2, or can be transferred from an existing Close Brothers account subject to the account’sterms and conditions and the bank’s absolute discretion.

Subsequent deposits can be made by electronic transfer from a Euro account held in the applicant’s name, subject to the nominated bankaccount requirements detailed on page 2.

Interest is calculated on a daily basis from the day that funds clear and is paid into the Euro Notice Account semi-annually on 1 January and 1 July. As with all standard Euro deposit accounts, interest is calculated on an actual / 360 day basis. If accrued interest in your Euro Notice Account results in your account exceeding the maximum balance (as stated in additional condition 2), excess funds will be returned to your

.ylhtnom sserdda ecnednopserroc ruoy ot tnes eb lliw tnemetats tnuocca nA .tnuocca knab detanimon

All repayments will be made to your nominated bank account by electronic transfer as set out in the Terms & Conditions (Customer Agreement). There is a minimum repayment amount of €10,000. Alternatively, funds may be transferred internally to another account held at Close Brothers Limited. If the Euro Notice Account balance falls below the account’s minimum (as stated in additional condition 1), the balance will be paid in full to the nominated bank account.

Notice to close a specific Euro Notice Account and withdraw funds will be treated as notice that you no longer require the account and any funds held will be returned to you at the end of the notice period and the account will no longer be available to you.

Notice can be given by written, signed instruction sent to the Business Relationship team at the above address or by telephone on 020 3857 3060. Notice cannot be given by email or fax. No early access is permitted.

In the event that we disadvantageously amend the account’s terms and conditions, such as a reduction in the interest rate payablewhich would allow you to access funds without penalty or the standard notice period, settlement in respect of all repayments will be processed within three working days of receiving your instructions.

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2.

3.

4.

5.

6.

7.

8.

9.

10.

€

term per Issue per depositor permitted (e.g. one 30 Day and one 6 Month notice account).


Euro Notice Account Issue 2Guidance notes continued


Your nominated bank account requirements

Please note that the account you nominate for repayments is the account to which we will make repayments of principal and/or interest from your deposit. Your nominated bank account and the account(s) from which you make subsequent payments into the Euro Notice Account must be from a Euro account held in the applicant’s name.

For verification purposes, please enclose a photocopy of a recent bank statement dated within the last 3 months for your nominated account with the account holder’s name, account number and sort code clearly visible or, alternatively a paying in slip or cheque marked ‘void’. Please be advised that any original documents may be retained for our records.

Any changes to the nominated account must be received by us in writing and must be signed in accordance with the attached Mandate, at least 10 days prior to any repayments being made by us. Your request must be accompanied by a photocopy of a recent bank statement confirming the amended repayment details.

Processing of applications

We make every effort to process all applications as soon as we receive them, but in the event of high demand for a particular product, it can take longer than usual to process applications. Interest is payable upon receipt of cleared funds, which in the case of electronic transfers is the value date our account is credited. Please be advised the account may take up to 5 working days to open provided there are no errors or omissions on your application. If your application is rejected, funds will be returned to you within 5 working days.

About Close Brothers Limited

Proof of identity and address

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (‘CBL’), a subsidiary of Close Brothers Group plc. CBL isregistered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited isauthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, firm reference number 124750.

Under the current money laundering regulations, in common with other banks, we are required to verify your identity. To do this, we use the services of electronic data registers, including credit reference agencies. If we are not able to verify your identity by this method, we reserve the right to ask you to provideus with suitable documents to confirm your identity. If, as part of this application, you provide us with information about another person, you are also confirming that you have told them about this application, and that we will also need to verify their identity.

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositors’ accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please call our Business Relationship team on 020 3857 3060, refer to the FSCS website www.fscs.org.uk or call 020 7741 4100 or 0800 678 1100.

Please note only compensation related queries should be directed to the FSCS.

Financial Services Compensation Scheme (FSCS)


Account holder name (Please note that the account holder name must be the same as the attached bank statement(s))

Registered (or charity) number (if applicable) Nature of business / organisation / charity

Section 2. Primary contact details

The personal details of all individuals authorised to give instructions must be provided on the attached Mandate form.

FAO Contact number

Correspondence address

Postcode

Please complete this form in BLOCK CAPITALS and then return to Close Brothers Limited, 10 Crown Place, London EC2A 4FT. All fof your application. If you have any questions regarding your application, please contact us on 020 3857 3060.ields are mandatory, unless otherwise stated. We may have to return incomplete or incorrectly filled forms which may delay the processing

Euro Notice Account Issue 2Application form

Section 4. Account requirements

Section 1. About your businessAre you an existing or previous customer? Yes No Existing customer number (if applicable)

Deposit)€( tnuoma

€50,000 Example:

Please complete details of your deposit(s):

Term of deposit

30 Day 3 Month 6 Month 12 Month Other

3 Month 6 Month 12 Month Other30 Day



I/We understand and confirm that under the terms of the Euro Notice Account notice cannot be rescinded once Close Brothers Treasury receive an instruction from an account holder requesting a sum to be placed on notice for repayment.

Name of Authorised Official: _______________________________ Signature of Authorised Official: ________________________

Section 3. Your nominated bank account for Euro repayments

All repayments will only be sent to your nominated bank account(s) which must be held in the ‘Account holder name’.

Currency: Euro

Bank name

Address

IBAN SWIFT/BIC

Account number Sort code

Limited/PLC/LLP Mar 17



Deposits must be made by way of electronic transfer to:

Please send funds so they are available when we process your application.

Royal Bank of Scotland PLCSwift code: RBOSGB2L

Close Brothers LtdAccount name:

IBAN: GB08 RBOS 1610 6510 0003 34Reference: Your customer name (e.g. ‘re: XYZ Ltd’)

Account number: CLOBRO EUR1

We require both completed application and cleared funds in order to open the account.

Please note that initial deposits must originate from your nominated Euro bank account as detailed in Section 3: Your nominated bank account for Euro repayments.

Please describe how the funds for your initial deposit were acquired (e.g. sale of asset)

Section 5. Financial information

For Associations and Charities only

In order to better understand your business needs, please provide the information below.

less than 250 250 or more

less than £37 million*

more than £37 million*

less than £43 million**

more than £43 million**

• The average number of employees during the current financial year is:

• The total balance sheet is:

• The annual net turnover is:

Account activity

What is your expected average monthly balance for your account(s)?

€250,001 - €500,000

€500,001 - €1,000,000

€1,000,001 - €5,000,000

€5,000,001 - €10,000,000

€100,000 - €250,000

What is your expected number of payments into your account(s) on a monthly basis?

0 - 5 5 - 11

30 Day Notice account

3 Month Notice account



30 Day Notice account




ENA Iss2 Mar 17

Section 6. Principal stakeholders (for non-charitable companies only)

Title Forename(s) Surname

Date of birth Current residential address (including Postcode)

Nationality

Residency

rights to receiveprofit (asapplicable)% shareholding / voting rights /

Please complete this section with details of any stakeholders with an interest in the company / LLP of 25% or more by way of shareholding /voting rights / rights to receive profit (as applicable).

Current principal shareholders

*Figure stated has been converted from Euro to Sterling using an approximate of 1.15 exchange rate as at 21/03/17. Original figure EUR43 million.

**Figure stated has been converted from Euro to Sterling using an approximate of 1.15 exchange rate as at 21/03/17. Original figure EUR50 million.

Section 4. continued


Section 8. How we use your information

Date of birth

Nationality

Residency



Current residential address (including Postcode)

Section 6 continued: Principal stakeholders (for non-charitable companies only)

Nationality

Residency



Date of birth Current residential address (including Postcode)

Nationality

Residency


Date of birth


Current residential address (including Postcode)

Section 7. Documentation checklist

Please forward the following documents with your completed application form (original documentation may be retained):

A copy of a bank statement, dated within the last 3 months, confirming your nominated account for repayments as detailed in Section 3

A completed Mandate form as attached

To opt in, please tick here:

ENA Iss2 Mar 17

Please note that Close Brothers Limited will hold and use your personal information for the purposes of providing our services to you and for other purposes connected with our relationship with you, and we may share your personal information with others, including credit reference agencies and fraud prevention agencies, for certain purposes. Please see condition 11 of the Customer Agreement (’How we use your information’), which describes the information we will be using and sharing, who we may share it with and the purposes that we and they will use it for. We may also use your personal information and share it with other companies within Close Brothers Group for us and them to send you information about products or services that we or they think may be of interest to you. By signing this application form you agree to this.

If you do not want to receive marketing information from Close Brothers Limited in this context, please tick here:If you do not want to receive marketing information from other companies in our group in this context, please tick here:

You may contact us at any time to ask us not to use your information in this way.

From time to time we would like to offer you products and services that we believe may be of interest or benefit to you and are offered by companies outside of Close Brothers Group. We will not disclose your details to third parties, unless you specifically opt-in to this type of mailing.

You may contact us at any time to ask us not to use your information in this way by writing to us either at [email protected] or by post at Business Relationship team, Close Brothers Treasury, 10 Crown Place, London EC2A 4FT.

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Section 9. Acknowledgement and confirmation

For office use only

For and on behalf of the Account holder 1st Authorised Official signature

For and on behalf of the Account holder 2nd Authorised Official signature (if applicable)

Print name

Date Date

Print name

Position Position

Marketing Customer administration

Source CAD checked Customer number

Account officer Industry codes CAD approved

Market officer Initial deposit from nominated account Yes No

Tax to be deducted Yes No CAD input by Customer group

Documents complete Yes No CAD checked

CBT

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (’CBL’), a subsidiary of CloseBrothers Group plc. CBL is registered in England and Wales with company number 195626 and registered office at 10 Crown Place,London EC2A 4FT. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 124750. CBL is a member of the Financial Services CompensationScheme (‘FSCS’) which protects up to £85,000 of an eligible depositor’s funds held with CBL. The FSCS limit relates to the total fundsheld by a depositor with CBL, including their share of any joint account and not to each separate account.

Important information

All deposits with Close Brothers Limited are subject to the Customer Agreement Terms and Conditions (the ‘Customer Agreement’), a copyof which has been provided with this application form, and to any product specific additional conditions as detailed in our literature. TheCustomer Agreement and any additional conditions form the standard client agreement upon which we intend to rely. For your own benefitand protection you should read the Customer Agreement and additional conditions carefully before agreeing to them by returning thisapplication form. If you do not understand any point please ask for further information. Copies of the Customer Agreement can bedownloaded from our website (www.closetreasury.co.uk) and are also available upon request by telephoning our Business Relationship teamon 020 3857 3060 (opening times: 9am - 5pm, Monday to Friday).

I/We apply to open the account(s) as indicated on this application form. I/We accept the Customer Agreement and any additionalconditions contained in this application form (as previously notified by us), or any other marketing material previously sent to usand confirm that the details given by us are correct and will remain in force until such time as you receive notice from us in writing to the contrary, together with any necessary revised documentation required by you.


Account name: (‘the Company’)We request that Close Brothers Limited trading as Close Brothers Treasury (’the Bank’) opens/continues to operate accounts in the Company’s name

In connection with all accounts operated in the name of the Company from time to time, we set out below the names, specimen signatures and other personalinformation of the persons authorised to give instructions, and include overleaf an extract from the board minutes of the Company approving the appointment ofsuch persons as Authorised Officials.

Authorised Officials

Name Position held Home telephone number Mobile telephone number Work telephone number

Email address

Residential address Postcode

Signature

Date of birth

Close Brothers TreasuryCorporate account mandate

Email address

Email address

Email address



Signature

Date of birth



Signature

Date of birth



Signature

Date of birth

as detailed above and may open such further account(s) as we may request from time to time.

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The Directors considered the

A copy of the minutes is not required but may be requested in the event of a dispute.

documents which Close Brothers Limited has provided and agrees that:Close Brothers Limited Customer Agreement Terms and Conditions (The ‘Customer Agreement’) and other

1. The Company a. appoints the Bank as one of the Company's bankers; or b. cancel the Company's existing mandate(s) to the Bank (with the exception of any instructions given by the Company prior to receipt of this mandate) and replace it / them with the attached.

2. The Company accept the terms of the Customer Agreement and confirm such acceptance to the Bank by completing the Bank’s Mandate form and the account application form(s) which Close Brothers Limited has provided. 3. The Company authorise any person named in this mandate in the section headed ‘Authorised Officials’ (an ‘Authorised Official’)

individually to give instructions relating to the operation of the Company's accounts, in accordance with the security procedures set out in the Customer Agreement.

The Directors noted that the Bank is entitled to act on all instructions given by an Authorised Official in accordance with the Bank’ssecurity procedures until the Company notifies the Bank that the Authorised Official is no longer authorised to act for it.

Account name Board minute

At the meeting of the Board of Directors of Ltd/Plc/LLP (delete as applicable)

Company registration number ( ‘the Company’ ) held on

.laiciffO desirohtuA na yb dengis eb tsum dna gnitirw ni knaB eht ot dedivorp eb ylno nac atad citats remotsuc dnema ot snoitcurtsnIFax, desirohtuAby ekam stnemyap no na tnuocca nac eb dedivorp I .detpecca t snoitcurtsn o lliw ton eb stseuqer enohpelet ro liameOfficials in any way permitted by the Customer Agreement.

It is the responsibility of the Company to advise the Bank of any changes to your Authorised Officials. The Authorised Officials willremain in place until such time as you update us and confirm the removal, or addition of Authorised Officials. Any amendments to Authorised Officials must be made by providing the Bank with an updated Account Mandate form.

We certify the above to be a true extract from the Minutes and that the specimen signatures recorded on this Mandate are correct.

Two signatures must be provided on behalf of the Company.

For and on behalf of the Company Director/Company Secretary(Must be signed by an Authorised Official detailed on the Mandate)

For and on behalf of the CompanyDirector/Company Secretary (Must be signed by an Authorised Official detailed on the Mandate)

Print name Print name

Date Date

Title (delete as appropriate) Title (delete as appropriate) Director / Company Secretary Director / Company Secretary

Corporate account mandate

Use of personal data provided by the Company

Under the current money laundering regulations, in common with other banks, we are required to verify the identity and address of the authorised officials, directors and principal shareholders. We may use the services of electronic data registers, including, but not limited to, credit reference agencies. We may also ask you to provide us with documents to confirm identity and addresses of Authorised Officials. If, as part of your appointment of Close Brothers Treasury as your bankers, you provide us with information about another person, you are also confirming that you have told them about this Account Mandate, that they agree to the use of their personal data in this manner and that w emay contact those officials and verify their identity and address. The Bank reserves the right to refuse individuals to be Authorised Officialson any account operated by you. Information may be shared across the Close Brothers Group of companies in order to effectively administeryour accounts.

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited ('CBL'), a subsidiary of Close Brothers Group plc. CBL is registered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 124750. CBL is a member of the Financial Services Compensation

Scheme ('FSCS') which protects up to £85,000 of an eligible depositor’s funds held with CBL. The FSCS limit relates to the total fundsheld by a depositor with CBL, including their share of any joint account and not to each separate account.

Customer copy

(please retain)

Page 1 of 2

Continue overleaf

Information Sheet and Exclusions List

General limit of protection2

Scheme responsible for the protection of your deposit

Additional information1

Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to £85,000 by the Deposit Guarantee Scheme.

Basic information about the protection of your eligible deposits

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4

Eligible deposits in Close Brothers Limited are protected by:

Limit of protection:

If you have more eligible deposits at the same bank / building society / credit union:

If you have a joint account with other person(s):

Reimbursement period in case of bank, building society or credit union’s failure:

Currency of reimbursement:

To contact Close Brothers Limited for enquiries relating to your account:

To contact the FSCS for further information on compensation:

More information:

the Financial Services Compensation Scheme (“FSCS”)

£85,000 per depositor per bank / building society / credit union

The following trading names are part of your bank / building society / credit union:

Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited (‘CBL’), a subsidiary of Close Brothers Group plc.

All your eligible deposits at the same bank / building society / credit union are “aggregated” and the total is subject to the limit of £85,000.

The limit of £85,000 applies to each depositor separately.

20 working days

Pound sterling (GBP, £) or, for branches of UK banks operating in other EEA Member States, the currency of that State.

Close Brothers Limited4th Floor10 Crown PlaceLondonEC2A 4FT

Tel: 020 3857 3050

Financial Services Compensation Scheme10th Floor Beaufort House15 St Botolph StreetLondonEC3A 7QU

Tel: 0800 678 1100 or 020 7741 4100

Email: [email protected]

http://www.fscs.org.uk

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2

1

If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers at maximum £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with £80,000 and a current account with £20,000, he or she will only be repaid £85,000.

In some cases eligible deposits which are categorised as “temporary high balances” are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including:

(a) certain transactions relating to the depositor’s current or prospective only or main residence or dwelling;(b) a death, or the depositor’s marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity;(c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction.

More information can be obtained under http://www.fscs.org.uk.

Financial Services Compensation Scheme

Please retain this FSCS Information Sheet and Exclusions List for your records.

This method will also be applied if a bank, building society or credit union operates under different trading names. Close Brothers Limited also

trades under Close Brothers Treasury and Close Brothers Savings. This means that all eligible deposits with one or more of these trading namesare in total covered up to £85,000.

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Limit of protection for joint accounts3

In case of joint accounts, the limit of £85,000 applies to each depositor.

However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000.

Reimbursement4

The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU, Tel: 0800 678 1100 or 020 7741 4100, Email: [email protected]. It will repay your eligible deposits (up to £85,000) within 20 working days until 31 December 2018; within 15 working days from 1 January 2019 until 31 December 2020; within 10 working days from 1 January 2021 to 31 December 2023; and within 7 working days from 1 January 2024 onwards, save where specific exceptions apply.

Other important information

In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. Your bank, building society or credit union will also inform you of any exclusions from protection which may apply. If deposits are eligible, the bank, building society or credit union shall also confirm this on the statement of account.

Other important information

Exclusions list

If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. Further information can be obtained under http://www.fscs.org.uk.

Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses or operating costswithin 5

(in the case of a depositor which is not an individual or a large company) working days of a request.

A deposit is excluded from protection if:

(1) The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union.

(2) The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering.

(3) It is a deposit made by a depositor which is one of the following:

• credit institution• financial institution• investment firm• insurance undertaking• reinsurance undertaking• collective investment undertaking• pension or retirement fund1

• public authority, other than a small local authority

For further information about exclusions, refer to the FSCS website at www.FSCS.org.uk

1Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded.

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