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Part 3 · Deposit Guarantee Schemes  ›  Division 1 · Establishment of Statutory Compensation Schemes; Allocation of CRR Credit Institutions › Section 25

Legal consequences on a change of statutory compensation scheme

(1) During the application period under section 24(6), a CRR credit institution remains obliged to make contributions and payments to its previous compensation scheme under sections 26 and 27(1), nos. 1 and 2.
(2) Where a CRR credit institution is allocated to another statutory compensation scheme on that scheme's application, the statutory compensation scheme to which the CRR credit institution previously belonged must transfer to that compensation scheme the contributions and payments, other than the special contributions and special payments under section 27(1), nos. 1 and 2, paid in the twelve months before the end of the allocation.
(3) The CRR credit institution must inform its depositors of a change of statutory compensation scheme within one month after the change.

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