EEA firms that have topped up

If you have an account with a UK branch of an investment services firm based in the European Economic Area (EEA) that becomes insolvent we may also be able to help.

An investment services firm established in another EEA state will be a member of that state's compensation scheme, which will protect customers of that investment services firm in that EEA country, and those dealing with branches of that investment services firm in other EEA countries. Where the investment services firm's home state scheme provides a lower limit of compensation than FSCS (i.e. less than 100% of the first £30,000 and 90% of the next £20,000 - £48,000, in the case of investments), the investment services firm may choose to join FSCS to 'top up' the limit of protection to £48,000. The firms that have topped up into the UK Scheme (for deposit business only unless indicated otherwise) are listed below with their FSA reference numbers and the month and year they received approval to top up from the FSCS or predecessor scheme.

In the event of a failure of one of these firms, there would be a two step process as the home state scheme would have lead responsibility for claims, and would pay the first part of any compensation. FSCS would, wherever possible, try to assist claimants in their dealings with the home state scheme (for example, by putting them in contact with the home state scheme, or helping them understand the process that the home state scheme will follow). FSCS would then deal with any 'top up' claims.

 

In Ireland

  • Bank of Ireland (FSA No. 204721 / approved June 1996)
  • Anglo Irish Bank Corporation (FSA No. 206097 / approved July 1998)
  • Merrill Lynch International Bank Limited (FSA No. 435887 / March 2008) - topped up for both deposit and investment business

 

In the Netherlands

  • TD Waterhouse Bank NV (FSA No. 216791 / approved October 2002)
  • ING Direct NV (FSA No. 229688 / approved April 2003)
  • Triodos Bank NV (FSA No. 183366 / approved May 2004)
  • AkBank (FSA No. 450390 / approved June 2006)

 

In Cyprus

  • Bank of Cyprus Plc (FSA No. 204627 / approved July 2004)
  • Marfin Popular Bank Public Co Ltd (FSA No. 204649 / approved January 2005)

 

In Iceland

  • Landsbanki Islands hf (FSA No. 207250 / approved July 2006)
  • Kaupthing Bank hf (FSA No. 222968 / approved February 2008).
    Please note: Although Kaupthing Bank hf has topped up into FSCS, the bank currently operates under the full FSA authorisation status granted to Kaupthing Singer & Friedlander Limited (a UK registered company), which means its depositors are fully protected by FSCS up to £50,000.

 

In Belgium

  • Fortis Bank SA/NV (FSA No. 206641 / approved February 2008) - topped up for both deposit and investment business

 

In Gibraltar

  • Bank J Safra (Gibraltar) Limited (FSA No. 466838 / approved February 2008) - topped up for investment business only

 

Visit the Deposit Claims or Investment Claims sections for more information about making a claim against an authorised firm.