The PRA has published an updated version of Supervisory Statement 18/15: Depositor and dormant account protection (SS18/15). The PRA states that the only updates to the previous version of SS18/15 are to section 12 regarding the provision of the information sheet before 1 January 2016 and the requirement to notify depositors of the limit change. The PRA has updated this section to advise that firms should discuss options with their supervisor (for example where they face challenges in meeting the relevant requirements). SS18/15 should be read together with the rules contained in the Depositor Protection and Dormant Account Scheme Part of the PRA Rulebook.

View Depositor and dormant account protection – SS18/15 update, 20 July 2015