(1)
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Firms
(other than a
sole trader
firm;4a credit union;4a trustee of a stakeholder pension scheme (which is not an occupational pension scheme)2 or personal pension scheme; a firm carrying on the regulated activity of operating, or winding up, a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme;4 or a small business; in each case,4whoseclaim arises out of a regulated activity for which they do not have a permission)
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(2)
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Overseas financial services institutions
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(3)
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Collective investment schemes, and anyone who is theoperatorordepositaryof such ascheme.9
9
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(4)
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Pension and retirement funds, and anyone who is a trustee of such a fund. However, this exclusion does not apply to:
2
2
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(a)
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a trustee of a
personal pension scheme
or a
stakeholder pension scheme
(which is not an
occupational pension scheme
); or
2
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(b)
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a trustee of
11
an
occupational pension scheme
11
insofar as members’ benefits are
money-purchase benefits
; or
11
2
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11
(c)
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11
insofar as members’ benefits are not
money-purchase benefits
, a trustee of an
occupational pension scheme
of an employer which is not a
large company
,
large partnership
or
large mutual association
.
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(5)
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Supranational institutions, governments, and central administrative authorities
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(6)
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Provincial, regional, local and municipal authorities
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(7)
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Directors
of the
relevant person
in default
11
or, in respect of a claim against a
successor
in default
, directors of any
successor
or directors of the
relevant person
11
.
However, this exclusion does not apply if:
7
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11
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11
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11
(a)
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(i)
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the
relevant person
in default
is a mutual association which is not a
large mutual association
11
and
11
the
directors
do not receive a salary or other remuneration for services performed by them for the
relevant person
in default
; or
11
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|
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(ii)
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11
in respect of a
claim
against a
successor
in default
, the
relevant person
or a
successor
, to whichever the directorship relates, is a
mutual association
12
which is not a
large mutual association
and the
directors
do not receive a salary or other remuneration for services performed by them for the
relevant person
or a
successor
, as applicable; or
11
7
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(b)
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11
(i)
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the
relevant person
in default
is a
credit union; or
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|
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11
(ii)
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11
in respect of a
claim
against a
successor
in default
, the
relevant person
or a
successor
, to whichever the directorship relates, is a
credit union
.
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(8)
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[deleted]7
7
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(9)
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Bodies corporate
in the same
group
as the
relevant person
in default
or, in respect of a
claim
against a
successor
in default
,
bodies corporate
in the same
group
13
as a
successor
or the
relevant person
, as applicable,
11
unless that
body corporate
is:
4
4
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(a)
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a trustee of11 a stakeholder pension scheme (which is not an occupational pension scheme) or a personal pension scheme (but in each case if the trustee is a firm it will only be an eligible claimant if its claim arises out of a regulated activity for which it does not have a permission); or11
6
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11
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11
6
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11
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11
6
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11
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11
6
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11(aa)
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a trustee of:1313
11
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11
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13
11
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11(i)
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11an occupational pension scheme in relation to members’ benefits which are money-purchase benefits; or
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11(ii)
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11(unless (i) applies) an occupational pension scheme of an employer which is not a large company, large partnership or large mutual association; or
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(b)6
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carrying on the regulated activity of operating or winding up a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme.
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(10)
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[deleted]7
7
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(11)
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[deleted]7
7
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(12)
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Persons
who, in the opinion of the
FSCS, are responsible for, or have contributed to, the relevant person's11(or, where applicable, a successor’s) default
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(13)
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Large companies
10
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(14)
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Large partnerships
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(15)
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Persons
whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
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(16)
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[deleted]13
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(17)
1
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Where the claim is in relation to 13protected non-investment insurance distribution14, bodies corporate13, partnerships, mutual associations and unincorporated associations which are not small businesses.18
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8
(18)
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Alternative investment funds, and anyone who is the AIFM or depositary of an alternative investment fund.
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10(19)
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Large mutual associations
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13(20)
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Where the claim is in relation to protected debt management business, any person other than a natural person.
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15(21)
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In relation to a claim in connection with funeral plan provision activity, a customer where the FSCS consider that the claim could be made by a different covered individual who is an eligible claimant.
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