CP-1.1.2
Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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The Deposit Protection Board (the 'Board') should, subject to and in accordance with the terms and conditions of the regulations in this Module, be responsible for:
(a) the administration and implementation of a Deposit Protection Scheme (the 'Scheme');
(b) the determination of the amount of compensation which is to be paid out under the Scheme in the event of the liquidation of a relevant bank (as defined in Section CP-1.2
below); and
(c) the establishment of the rules of operation of the Board.
October 07