(1) The limit referred to in Regulation 11(1) shall apply to the aggregate deposits placed with the same credit institution irrespective of -

(a) the number of deposits,

(b) the currency of the deposits, and

(c) the location of the deposits within the Union.

(2) The share of each depositor in a joint account shall be taken into account in calculating the limit referred to in Regulation 11(1) but, in the absence of special provisions that override the standard arrangement of splitting equally, a joint account shall be divided equally among the depositors.

(3) A deposit to which 2 or more persons are entitled (whether or not in equal shares) as members of a partnership, association or grouping of a similar nature, without legal personality, shall be treated as a single deposit.