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Article 6

Without prejudice to the provisions of Article 5 of this Regulation, the Board may, at its discretion, exclude (in whole or in part) the following:

1) compensation payments to any Eligible Depositor and/or Investor of the defaulting bank who are entitled to claim in a similar scheme established in another jurisdiction.
2) the requirement to contribute to the concerned Fund by any Bank in the Kingdom whose Eligible Accounts are (in whole or in part) covered by a similar scheme established in another jurisdiction, provided that evidence of such coverage is provided to the Board to its satisfaction.