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Financial Services Compensation Scheme
The Financial Services Compensation Scheme (FSCS) is the UK’s statutory deposit insurance and investors compensation scheme for customers of authorised financial services firms. It is an independent body, set up under the Financial Services and Markets Act 2000, and funded by a levy on authorised financial services firms. The scheme’s rules are made by the Financial Conduct Authority (FCA) and are in the FCA Handbook.1handbook.fca.org.uk/handbook/COMP/1/?view=chapter
Information on how it operates can be found at fscs.org.uk.