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  • Executive Summary

    • CP-A.1.1

      The purpose of this Module is to set out a summary of rules and regulations establishing a Deposits and Unrestricted Investment Accounts Protection Scheme (the 'Scheme') for compensating Eligible Depositors (as defined under Section CP-2.1) when the banks (referred to under Section CP-2.1) are unable, or are likely to be unable, to satisfy claims against them.

      October 2012

    • CP-A.1.2

      The body established to operate and administer the compensation scheme is the Deposits and Unrestricted Investment Accounts Protection Board (the 'Board'). This Module describes the rules that would allow the Board to:

      (a) Administer and implement the scheme; and
      (b) Establish rules of operation.
      October 2012

    • CP-A.1.3

      This Module also describes:

      (a) Who is eligible for receiving compensation;
      (b) How the scheme will be funded;
      (c) Who the contributing banks are; and
      (d) What are contributing banks' responsibilities regarding the implementation of the scheme.
      October 2012