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Deposit insurance requirement relaxed allowing companies to accept deposits without insurance until deposit insurance product availability. The amendment adds Infrastructure Investment Trusts to the entities listed in rule 2(1)(c)(xviii) and replaces the proviso to rule 5(1) to allow companies to accept deposits without a deposit insurance contract until the earlier of the transitional cut-off or the availability of a deposit insurance product.
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Deposit insurance requirement relaxed allowing companies to accept deposits without insurance until deposit insurance product availability.
The amendment adds Infrastructure Investment Trusts to the entities listed in rule 2(1)(c)(xviii) and replaces the proviso to rule 5(1) to allow companies to accept deposits without a deposit insurance contract until the earlier of the transitional cut-off or the availability of a deposit insurance product.
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