Legal claim to compensation

(1) In a compensation event, the depositor has, against the deposit guarantee scheme to which the CRR credit institution belongs, a claim to compensation in accordance with sections 6 to 15. Where the depositor is not unrestrictedly entitled to dispose of the deposit, the claim to compensation belongs to the person unrestrictedly entitled to use it, insofar as that person is known or can be ascertained at the time of the compensation event.
(2) The deposit guarantee scheme to which the CRR credit institution belongs is obliged to compensate liabilities arising from securities transactions within the meaning of section 1(3), second sentence of the Investor Compensation Act, in accordance with sections 3 to 5 of the Investor Compensation Act.
(3) Where the licence to conduct the deposit business under section 1(1), second sentence, no. 1 of the Banking Act lapses, the deposit guarantee scheme is liable only for liabilities of the CRR credit institution that arose before the lapse.