Legal structure and Account Safety

rewrite:

the above link will list the rules of eligibility and contains a link that will determine upon application whether you are covered by the scheme. from what I can tell, as along as T212 is covered by FSCS then all clients who have lost money are eligible to make a claim, what I couldn’t easily determine was whether this applies to all individuals or just UK accounts regardless of whether they reside in or out of the UK. As UK and EU law remains unchanged until the end of 2020, the question will come up as to whether or not the application of the FSCS will also undergo a change beyond this date.

As T212 puts the funds in a UK-based bank, this should mean that all clients of T212 are covered by this scheme, provided they are not citizens of any European countries with legislation specifying otherwise.

1 Like