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COMP 4.2 Who is eligible to benefit from the protection provided by the FSCS?

17/03/2026R

An eligible claimant is any person who at any material time:

  1. (1)

     did not come within COMP 4.2.2 R; or

  2. (2)

     did come within COMP 4.2.2 R, but satisfied the relevant exception in COMP 4.3.

  3. [Note: See COMP 4A.2.2G about special cases in COMP 12A.1 (Trustees and pension schemes) and COMP 12A.3 (Collective investment schemes).]

     

Persons not eligible to claim unless COMP 4.3 applies (see COMP 4.2.1R)

17/03/2026R

This table belongs to COMP 4.2.1R

(1)Firms (other than a sole trader firm; a credit union; or a small business); and overseas financial services institutions
(2)[deleted]
(3)Collective investment schemes, and anyone who is the operator or depositary of such a scheme.
(4)Pension and retirement funds, and anyone who is a trustee of such a fund
(5)Supranational institutions, governments, and central administrative authorities
(6)Provincial, regional, local and municipal authorities
(7)Directors of the relevant person in default or, in respect of a claim against a successor in default, directors of any successor or directors of the relevant person
(8)[deleted]
(9)Bodies corporate in the same group as the relevant person in default or, in respect of a claim against a successor in default, bodies corporate in the same group as a successor or the relevant person, as applicable
(10)[deleted]
(11)[deleted]
(12)Persons who, in the opinion of the FSCS, are responsible for, or have contributed to, the relevant person's (or, where applicable, a successor’s) default
(13)Large companies, large partnerships and large mutual associations
(14)[deleted]
(15)Persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
(16)[deleted]
(17)Where the claim is in relation to protected non-investment insurance distribution, bodies corporate, partnerships, mutual associations and unincorporated associations which are not small businesses.
(18)Alternative investment funds, and anyone who is the AIFM or depositary of an alternative investment fund.
(19)[deleted]
(20)Where the claim is in relation to protected debt management business, any person other than a natural person.
(21)In relation to a claim in connection with funeral plan provision activity, a customer where the FSCS consider that the claim could be made by a different covered individual who is an eligible claimant.
(22)In relation to a qualifying public offer on a public offer platform, any issuer of such securities.