Deposit Guarantee Directive 2014
The Deposit Guarantee Directive 2014/49 (2014/49) is a Directive in EU law that requires bank customers' deposits are guaranteed by member states up to €100,000.
| European Union directive | |
 | |
| Title | Deposit Guarantee Directive 2014 |
|---|---|
| Made by | European Parliament and Council |
Contents
Article 1 says the subject matter is rules about "deposit guarantee schemes". Article 3 requires member states designate relevant authorities. Article 6 requires that the "coverage level" is €100,000 "in the event of deposits being unavailable". It also requires greater coverage for 3 months to 12 months for residential transactions, social purposes or insurance and compensation money.
Article 8 requires repayment within a maximum of 10 working days, and 7 working days from 2024.
See also
Notes
References
- E McGaughey, Principles of Enterprise Law: the Economic Constitution and Human Rights (Cambridge UP 2022) ch 10
External links
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