# Banking Act 2009, Section 48C: Meaning of “protected deposit”

Extent: E+W+S+N.I.

(1) A deposit is “protected” so far as it is covered by the FSCS.
(4) In subsection (1) and section 48B(8)(a), “deposit” has the meaning given by article 5(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544), but ignoring the exclusions in article 6.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/48C (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-48C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.