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Chapter: | 581A
 | Title: | DEPOSIT PROTECTION SCHEME (REPRESENTATION ON SCHEME MEMBERSHIP AND PROTECTION OF FINANCIAL PRODUCTS UNDER SCHEME) RULES | Gazette Number: | L.N. 131 of 2010 |
| Section: | 6H | Heading: | Disclosure as to deposits placed or to be placed on or after 1 January 2011 that are qualified for protection by Scheme | Version Date: | 01/01/2011 |
(1) This section applies where a deposit placed or to be placed by a person with a Scheme member on or after 1 January 2011 is a deposit qualified for protection by the Scheme.
(2) Subject to sections 6I, 6J and 6K, where the person¡X
- (a) opens an account with the Scheme member on or after 1 January 2011 and the deposit is to be placed under that account, the Scheme member must before, or within 30 days beginning on the date on which, the person opens that account¡X
- (i) if the account is opened by telephone or electronic mail transmission or through the Internet, notify the person in accordance with subsection (3) that the deposit to be placed under that account is a deposit qualified for protection by the Scheme; or
(ii) if the account is opened by any other means, notify the person in accordance with subsection (5) that the deposit to be placed under that account is a deposit qualified for protection by the Scheme; or
- (i) if the deposit is placed or to be placed by telephone or electronic mail transmission or through the Internet, notify the person in accordance with subsection (4) that the deposit is a deposit qualified for protection by the Scheme; or
(ii) if the deposit is placed or to be placed by any other means, notify the person in accordance with subsection (5) that the deposit is a deposit qualified for protection by the Scheme.
- (a) comply with the requirements in section 7B(1); or
(b) be given by the means by which the account is opened.
- (a) comply with the requirements in section 7B(1); or
(b) be given by the means by which the deposit is placed or to be placed.