(1)

Firms (other than a sole trader firm;4a credit union;4a trustee of a stakeholder pension scheme (which is not an occupational pension scheme)2 or personal pension scheme; a firm carrying on the regulated activity of operating, or winding up, a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme;4 or a small business; in each case,4whoseclaim arises out of a regulated activity for which they do not have a permission)

(2)

Overseas financial services institutions

(3)

Collective investment schemes, and anyone who is theoperatorordepositaryof such ascheme.9

(4)

Pension and retirement funds, and anyone who is a trustee of such a fund. However, this exclusion does not apply to: 2

(a)

a trustee of a personal pension scheme or a stakeholder pension scheme (which is not an occupational pension scheme ); or 2

(b)

a trustee of 11 an occupational pension scheme 11 insofar as members’ benefits are money-purchase benefits ; or 11

11 (c)

11 insofar as members’ benefits are not money-purchase benefits , a trustee of an occupational pension scheme of an employer which is not a large company , large partnership or large mutual association .

(5)

Supranational institutions, governments, and central administrative authorities

(6)

Provincial, regional, local and municipal authorities

(7)

Directors of the relevant person in default 11 or, in respect of a claim against a successor in default , directors of any successor or directors of the relevant person 11 . However, this exclusion does not apply if:

11

11

11 (a)

(i)

the relevant person in default is a mutual association which is not a large mutual association 11 and 11 the directors do not receive a salary or other remuneration for services performed by them for the relevant person in default ; or 11

(ii)

11 in respect of a claim against a successor in default , the relevant person or a successor , to whichever the directorship relates, is a mutual association 12 which is not a large mutual association and the directors do not receive a salary or other remuneration for services performed by them for the relevant person or a successor , as applicable; or 11

(b)

11 (i)

the relevant person in default is a credit union; or

11 (ii)

11 in respect of a claim against a successor in default , the relevant person or a successor , to whichever the directorship relates, is a credit union .

(8)

[deleted]7

(9)

Bodies corporate in the same group as the relevant person in default or, in respect of a claim against a successor in default , bodies corporate in the same group 13 as a successor or the relevant person , as applicable, 11 unless that body corporate is: 4

(a)

a trustee of11 a stakeholder pension scheme (which is not an occupational pension scheme) or a personal pension scheme (but in each case if the trustee is a firm it will only be an eligible claimant if its claim arises out of a regulated activity for which it does not have a permission); or11

11

11

11

11

11

11

11(aa)

a trustee of:1313

13

11(i)

11an occupational pension scheme in relation to members’ benefits which are money-purchase benefits; or

11(ii)

11(unless (i) applies) an occupational pension scheme of an employer which is not a large company, large partnership or large mutual association; or

(b)6

carrying on the regulated activity of operating or winding up a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme.

(10)

[deleted]7

(11)

[deleted]7

(12)

Persons who, in the opinion of the FSCS, are responsible for, or have contributed to, the relevant person's11(or, where applicable, a successor’s) default

(13)

Large companies

(14)

Large partnerships

(15)

Persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.

(16)

[deleted]13

(17) 1

Where the claim is in relation to 13protected non-investment insurance distribution14, bodies corporate13, partnerships, mutual associations and unincorporated associations which are not small businesses.18

8 (18)

Alternative investment funds, and anyone who is the AIFM or depositary of an alternative investment fund.

10(19)

Large mutual associations

13(20)

Where the claim is in relation to protected debt management business, any person other than a natural person.

15(21)

In relation to a claim in connection with funeral plan provision activity, a customer where the FSCS consider that the claim could be made by a different covered individual who is an eligible claimant.