The FSCS provides information to claimants and potential claimants about the way the FSCS works and the procedures that need to be followed when making a claim. The FSCS can be contacted at Financial Services Compensation Scheme, 10th Floor, Beaufort House, 15 St Botolph Street, London EC3A 7QU, or by telephone or fax (Tel: 0800 678 1100 or Fax: 020 7741 4100).
COMP 1.3 Claimants
You are viewing COMP 1.3 Claimants as of . COMP 1.3 Claimants was last updated on 29/07/2022.
COMP 1.3 Claimants
Areas of particular interest to claimants (see COMP 1.1.3G).
29/07/2022G
This Table belongs to COMP 1.1.3 G.
| Q1 | What do I need to do in order to receive compensation? | ||
| A1 | In order to receive compensation: | ||
| (-1) | If your claim is for a deposit or under a contract of insurance, see the PRA’s Depositor Protection or Policyholder Protection rules; | ||
| (1) | you must be an eligible claimant; | COMP 4.2 | |
| (2) | you must have a protected claim; | COMP 5.2 | |
| (3) | you must be claiming against a relevant person or a successor; | COMP 6.2.1 R | |
| (4) | where the claim is against a relevant person, the relevant person must be default; or where the claim is against a successor, the successor must be in default. | COMP 6.3; COMP 6.3A | |
| In addition, if the FSCS requires you to do so, you must assign your legal rights in the claim to the FSCS. | COMP 7.2 | ||
| And you must bring your claim to the FSCS within a set time (normally within six years of the date on which your claim against the relevant person occurred). | COMP 8.2.3 R - COMP 8.2.5 R | ||
| It is possible, in certain circumstances, for someone else to make a claim on your behalf. | COMP 3.2.2 R | ||
| Q2 | How much compensation will I be offered? | ||
| A2 | This depends on whether your protected claim is: | ||
| (1) | [deleted] | ||
| (2) | [deleted] | ||
| (3) | a claim in connection with protected investment business; or | COMP 5.5 | |
| (4) | a claim in connection with protected home finance mediation; or | COMP 5.6 | |
| (5) | a claim in connection with protected non-investment insurance distribution; or | COMP 5.7 | |
| (6) | a claim in connection with protected debt management business; or | COMP 5.8 | |
| (7) | a claim in connection with protected funeral plan business. | COMP 5.9 | |
| Different limits apply to different types of claim. | COMP 10.2.3 R | ||
| Q3 | How will the FSCS calculate the compensation that is offered to me? | ||
| A3 | Again, this will depend on whether your protected claim is: | ||
| (1) | [deleted] | ||
| (2) | [deleted] | ||
| (3) | a claim in connection with protected investment business; or | COMP 12.2.1 R, COMP 12.3.5 R and COMP 12.4.2 R | |
| (4) | a claim in connection with protected home finance mediation; or | COMP 12.4.17 R | |
| (5) | a claim in connection with protected non-investment insurance distribution; or | COMP 12.4.20 R | |
| (6) | a claim in connection with protected debt management business; or | COMP 12.4.21AR | |
| (7) | a claim in connection with protected funeral plan business. | COMP 12.4.21BR | |
| Certain types of protected investment business claim require the FSCS to use a particular method of calculation. | COMP 12.4.5 R | ||
| Q4 | [deleted] | ||