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Depositor Compensation Scheme Approved

Jersey’s Depositor Compensation Scheme was approved by the Jersey States Assembly on Friday 6 November 2009 and came into force immediately.

Depositors are now protected up to a maximum of £50,000 per depositor per Jersey banking group. This limit matches the protection currently offered in the UK, Guernsey and the Isle of Man.

To find out more about the scheme, please click here to view the briefing document issued by Jersey Finance.

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