# The Bank Recovery and Resolution Order 2014, Article 49: Meaning of “protected deposit”


(1) Section 48C (meaning of “protected deposit”) is amended as follows.
(2) For subsections (1) to (3) substitute—
“(1) A deposit is “protected” so far as it is covered by a deposit guarantee scheme under Directive 94/19/EC of the European Parliament and of the Council of 30th May 1994 on deposit guarantee schemes or Directive 2014/49/EU of the European Parliament and of the Council of 16th April 2014 on deposit guarantee schemes.”.
(3) In subsection (4) for “subsections (1) and (2)” substitute “subsection (1)”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/49 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.