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The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means it can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it.
The American Future Scout and Cavalry System (FSCS) and British Tactical Reconnaissance Armoured Combat Equipment Requirement (TRACER) were a joint U.S.–British reconnaissance vehicle program. The program was begun to replace the UK's Sabre and Scimitar reconnaissance vehicles. [1] The U.S. joined later and sought to replace their M3 Bradley.
FSCS may refer to: Financial Services Compensation Scheme; Future Scout and Calvary System, a joint British–American scout vehicle This page was last edited on 9 ...
Since October 2008 UK credit unions are covered by the Financial Services Compensation Scheme (FSCS), which protects savings in banks and similar institutions up to £85,000 (as of February 2017), covering about 98% of people; most members get their money back within a week. [17]
FSCS: Financial Services Compensation Scheme – the UK's statutory deposit insurance and investors' compensation scheme for customers of authorised financial services firms. CGS : Credit Guarantee Scheme – a scheme introduced in 2008 allowing banks to issue debt guaranteed by the government.
Deposits in the United Kingdom are protected by the Financial Services Compensation Scheme, which will cover losses of up to £85,000 per account or up to £170,000 for joint accounts. [57] The Scheme is funded through a levy paid by financial services companies which are members of the Financial Conduct Authority and the Prudential Regulation ...
The Financial Services and Markets Act 2000 (c. 8) is an act of the Parliament of the United Kingdom that created the Financial Services Authority (FSA) as a regulator for insurance, investment business and banking, and the Financial Ombudsman Service to resolve disputes as a free alternative to the courts.
An account which enjoys tax-free status, usually deposit accounts with £85,000 Financial Services Compensation Scheme (FSCS) protection (but client money with £50,000 protection or unprotected money is also permitted; the providers are required to make the protection clear). [16]