Product Coverage Information Adam & Company Plc Is Covered by the Financial Services Compensation Scheme (FSCS)
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Adam & Company plc – Product Coverage Information Adam & Company plc is covered by the Financial Services Compensation Scheme (FSCS). The FSCS will, in certain circumstances, (where you are ‘eligible’) pay compensation to depositors and/or investors if a bank or investment firm is unable to meet its financial obligations. Even where you are ‘eligible’, you will only receive compensation if the products you hold are also ‘eligible deposits’. A deposit is excluded from protection if: 1. The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union. 2. The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering. 3. It is a deposit made by a depositor which is one of the following: • credit institution • financial institution • investment firm • insurance undertaking • reinsurance undertaking • collective investment undertaking • pension or retirement fund 1 • public authority, other than a small local authority For further information about the compensation provided by the FSCS, refer to the FSCS website at http://www.fscs.org.uk Eligible Deposits Your eligible deposits are protected up to a limit of £75,000 (or £75,000 for each eligible account holder of a joint account). Deposits will be covered if they are held in your name and they are repayable at par (this means that the capital element of your deposit is not at risk). Below is a list of Adam and Company plc’s products which we believe, based on our analysis of the FSCS rules, are eligible for deposit protection. It is a matter of fact in each case, to be determined by reference to all the circumstances including the contractual and other legal documentation, whether your deposits are covered by the FSCS. The FSCS determines this at the time of a firm’s default. Current Accounts • Business Current Account • Business Currency Current Account • Currency Current Account • Private Current Account • Student Current Account Deposit Accounts • Business 90 Day Notice Account • Private Reserve Account • Private 60 Day Notice Account • Business Reserve Account • Long Term Fixed Term Deposits (all currencies) • Loyalty Reserve Account (Issue I and Issue II) • Money Market Call Deposit (all currencies) • Money Market Term Deposits (all currencies) • Monthly Reserve Account (Issue I and Issue II) • Monthly Reserve Issue I (EUR/USD) • Monthly Reserve Issue II (EUR/USD) Adam & Company plc registered in Scotland Number 83026. Financial Services Firm Reference Number 114724. Registered Office 25 St Andrew Square Edinburgh EH2 1AF. Adam & Company plc is authorised by the Prudential Regulation. Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Calls may be recorded. Charge Cards • Adam Classic Charge Card • Adam Gold Charge Card Credit Cards • Adam Black Credit Card Credit • Mortgage Reserve Account ISAs • Adam Cash ISA Any account which you have opened with Adam & Company plc to receive income from any investment services will also be protected. Please note this list is subject to change as new products are added or old products are withdrawn. The list is correct as at 4 December 2015. 1 Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not. Adam & Company plc registered in Scotland Number 83026. Financial Services Firm Reference Number 114724. Registered Office 25 St Andrew Square Edinburgh EH2 1AF. Adam & Company plc is authorised by the Prudential Regulation. Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Calls may be recorded. 2 .