Depositor Compensation Scheme Transitional Standard

Overview

A payout solution is a critical component of the DCS to be operational in July 2025. This consultation paper outlines our proposal for a transitional standard that requires deposit takers with internet banking to build their own DCS webpage according to requirements set out in a standard. The webpage would only be activated in the event of the deposit taker failing.

Because of the short time for finalising and issuing the standard, an exposure draft of the standard has been included with this consultation paper.

Read the consultation paper (PDF, 367KB)

Read the exposure draft of the transitional standard (PDF, 213KB)

How to have your say

• You can have your say using the online consultation survey. Choose to either complete the survey or upload a PDF of your submission. 
• If you choose to complete the survey, a list of the questions from the consultation paper are listed on the page for each standard.
• You can save and come back to your response at any time before the consultation close date.
• Once you have submitted your response, a copy of your submission will be emailed to the contact email address provided.