CP-1.1.2
The Deposit Protection Board (the 'Board') should, subject to and in accordance with the terms and conditions of 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.
Amended: January 2011
October 07
October 07