Cabinet paper

Cabinet Paper CBC-24-SUB-0027: Approval to Release Second Stage Consultation Paper on Funding the Depositor Compensation Scheme

Accessible version

Only the Proposal section of this Cabinet paper is extracted below in HTML. If you require a full accessible version please contact [email protected] and cite CBC-24-SUB-0027 as a reference.

Cabinet Paper CBC-24-SUB-0027: Approval to Release Second Stage Consultation Paper on Funding the Depositor Compensation Scheme#

Proposal

1 This paper seeks agreement to the target fund approach for the Depositor Compensation Scheme (DCS) fund; and approval to release the attached second stage consultation paper for a four-week consultation period as part of funding of the DCS, being established by the Deposit Takers Act 2023 (the Act) titled Statement of Funding Approach – Funding Strategy for the Depositor Scheme second stage consultation paper.

[Extract ends]