Common use of Financial Services Compensation Scheme Clause in Contracts

Financial Services Compensation Scheme. 15.1 ESL is covered by the Financial Services Compensation Scheme (FSCS). This is a scheme that provides limited compensation for customers who might otherwise lose out if a company regulated in the UK by the Financial Conduct Authority is unable to pay claims against it. If ESL is unable to meet its obligations to you then you may be eligible to make a claim for compensation under the FSCS. If a provider of an underlying investment or bank account is unable to meet its obligations to ESL, then you or ESL on your behalf may be eligible to make a claim for compensation under the FSCS. The maximum amount that can be claimed will depend on the investment type. FSCS contact details are: 10th Floor Beaufort House 00 Xx. Xxxxxxx Xxxxxx Xxxxxx XX0X 0XX Tel: 000 0000 0000 xxx.xxxx.xxx.xx