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European Union (Deposit Guarantee Schemes) Regulations 2015 [S.I. No. 516 of 2015]Introductory TextPart 1 Preliminary and general (regs. 1-3)Regulation 1 Citation and commencementRegulation 2 ScopeRegulation 3 InterpretationPart 2 Designated authority (regs. 4-6)Regulation 4 Designated authorityRegulation 5 Stress testsRegulation 6 Relevant administrative authoritiesPart 3 Deposit guarantee scheme (regs. 7-9)Regulation 7 Deposit guarantee schemeRegulation 8 Recognition of other schemesRegulation 9 Membership of deposit guarantee schemePart 4 Deposits (regs. 10-11)Regulation 10 Eligibility of depositsRegulation 11 Coverage level of depositsPart 5 Repayment (regs. 12-16)Regulation 12 Determination of the repayable amountRegulation 13 RepaymentRegulation 14 Claims against deposit guarantee schemesRegulation 15 Administration of paymentsRegulation 16 Powers of the designated authorityPart 6 Financing of deposit guarantee scheme (regs. 17-25)Regulation 17 Establishment of FundRegulation 18 Financing of FundRegulation 19 Target levelRegulation 20 Ex-ante contributionsRegulation 21 Extraordinary ex-post contributionsRegulation 22 Alternative funding meansRegulation 23 Calculation of contributions to deposit guarantee schemeRegulation 24 Report to European Banking AuthorityRegulation 25 Use of fundsPart 7 Union cooperation (regs. 26-27)Regulation 26 Cooperation within the UnionRegulation 27 Cooperation agreementsPart 8 Third countries (reg. 28)Regulation 28 Branches of credit institutions established in third countriesPart 9 Depositor information (regs. 29-30)Regulation 29 Depositor informationRegulation 30 List of authorised credit institutionsPart 10 Consequential amendments (arts. 31-32)Chapter 1 Acts (regs. 31-32)Regulation 31 Amendment of Central Bank Act 1942Regulation 32 Amendment of Central Bank and Credit Institutions (Resolution) Act 2011Chapter 2 Regulations (reg. 33)Regulation 33 Amendment of European Union (Bank Recovery and Resolution) Regulations 2015Part 11 Final provisions (regs. 34-36)Regulation 34 Transitional provisionsRegulation 35 RevocationsRegulation 36 Laying of ordersSchedule - Depositor Information FormGiven under
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AI Summary of Regulation 8 Recognition of other schemes

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 20 November 2015 - onwards
Version 2 of 2

Regulation 8 Recognition of other schemes

(1) The designated authority may recognise a contractual scheme, as referred to in Regulation 2(1)(b), as a deposit guarantee scheme where that contractual scheme complies with this Part.

(2) The designated authority may recognise an institutional protection scheme as a deposit guarantee scheme where that institutional protection scheme fulfils the criteria laid down in Article 113(7) of the Union Capital Requirements Regulation and complies with these Regulations.

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