COMP 5.2 What is a protected claim?

A protected claim is:

1. (1)

   [deleted]

2. (2)

   [deleted]

3. (3)

   a claim in connection with protected investment business (see COMP 5.5); or

4. (4)

   a claim in connection with protected home finance mediation (see COMP 5.6); or

5. (5)

   a claim in connection with protected non-investment insurance distribution (see COMP 5.7); or

6. (6)

   a claim in connection with protected debt management business (see COMP 5.8); or

7. (7)

   a claim in connection with protected funeral plan business (see COMP 5.9).

Notwithstanding COMP 5.2.1 R and paragraph (1)(d) of the definition of participant firm, where the relevant person is in default:

1. (1)

   is an authorised professional firm that is subject to the rules of the Law Society (England and Wales) or the Law Society of Scotland; and

2. (2)

   with respect to its regulated activities, does not participate in the relevant society's compensation scheme:

a claim with respect to that person is only a protected claim if, when the basis for the claim arose, that person did not participate in the relevant society's compensation scheme with respect to its regulated activities.