free reclaim guide for retailers affected by the Icelandic Bank collapse
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free reclaim guide for retailers affected by the Icelandic Bank collapse

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Found 15th Oct 2008
Do you bank in Iceland?
Business Link, BERR, and HM Treasury have worked together to answer your questions
Important Definitions
The arrangements are different for depositors who are eligible for compensation from the Financial Services Compensation Scheme ("retail" depositors) and those who are not, so it is important that you understand which description applies to you.

The Financial Servcies Compensation Scheme (FSCS) covers most private individuals and small businesses and some charities according to rules set by the Financial Services Authority (FSA).

The general criteria from the FSCS is that to be defined as a smaller company two of the following need to apply to you:

your turnover should not exceed £6.5 million
your balance sheet total should not be more than £3.26 million
your total number of employees should be less than 50

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