(1)
|
Firms
(other than a
sole trader
firm,; a credit union, a trustee of a stakeholder pension scheme (which is not an occupational pension scheme)2 or a small businesswhoseclaim arises out of a regulated activity for which they do not have a permission)
|
(2)
|
Overseas financial services institutions
|
(3)
|
Collective investment schemes, and anyone who is the operator or trustee of such a scheme
|
(4)
|
Pension and retirement funds, and anyone who is a trustee of such a fund. However, this exclusion does not apply to:
2
2
|
|
(a)
|
a trustee of a
personal pension scheme
or a
stakeholder pension scheme
(which is not an
occupational pension scheme
); or
2
|
|
(b)
|
a trustee of a
small self-administered scheme
or
an
occupational pension scheme
of an employer which is not a
large company
,
large partnership
or
large mutual association
.
2
|
(5)
|
Supranational institutions, governments, and central administrative authorities
|
(6)
|
Provincial, regional, local and municipal authorities
|
(7)
|
Directors
and
managers
of the
relevant person
in default. However, this exclusion does not apply if:
|
|
(a)
|
both of the following apply:
|
|
|
(i)
|
the
relevant person
in default
is a mutual association which is not a
large mutual association; and
|
|
|
(ii)
|
the
directors
and
managers
do not receive a salary or other remuneration for services performed by them for the
relevant person
in default, or
|
|
(b)
|
|
the
relevant person
in default
is a
credit union.
|
(8)
|
Close relatives
of
persons
excluded by (7) above
|
(9)
|
Bodies corporate
in the same
group
as the
relevant person
in default
except
bodies corporate
which fall within
COMP 4.2.2 R (4)(a)
or (b).2
|
(10)
|
Persons
holding 5% or more of the capital of the
relevant person
in default, or of any body corporate in the samegroup
|
(11)
|
The auditors of the
relevant person
in default, or of anybody corporate in the samegroup as therelevant person in default, orany33actuary appointed under SUP 4 (Actuaries) by 3 a friendly society or insurance undertaking in default
|
(12)
|
Persons
who, in the opinion of the
FSCS, are responsible for, or have contributed to, the relevant person'sdefault
|
(13)
|
Large companies
or
large mutual associations
|
(14)
|
Large partnerships
|
(15)
|
Persons
whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
|
(16)
|
Persons
whose claim arises under the Third Parties (Rights against Insurers) Act 1930
|
(17)
1
|
Where the claim is in relation to a protected contract of insurance or protected non-investment insurance mediation, body corporate, partnerships, mutual associations and unincorporated associations which are not small businesses.1
|