| (1) | Firms (other than a sole trader firm ;2 a credit union;2 a trustee of a stakeholder pension scheme (which is not an occupational pension scheme)3 or personal pension scheme; a firm carrying on the regulated activity of operating, or winding up, a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme;2 or a small business ; in each case,2 whose claim arises out of a regulated activity for which they do not have a permission) | ||
| (2) | Overseas financial services institutions | ||
| (3) | Collective investment schemes, and anyone who is the operator or trustee of such a scheme | ||
| (4) | 3 Pension and retirement funds, and anyone who is a trustee of such a fund. However, this exclusion does not apply to:3 | ||
| (a) | a trustee of a personal pension scheme or a stakeholder pension scheme (which is not an occupational pension scheme); or3 | ||
| (b) | a trustee of a small self-administered scheme or an occupational pension scheme of an employer which is not a large company, large partnership or large mutual association.3 | ||
| (5) | Supranational institutions, governments, and central administrative authorities | ||
| (6) | Provincial, regional, local and municipal authorities | ||
| (7) | Directors 4 of the relevant person in default. However, this exclusion does not apply if: | ||
| (a) | both of the following apply: | ||
| (i) | the relevant personin default is a mutual association which is not a large mutual association; and | ||
| (ii) | the directors 4 do not receive a salary or other remuneration for services performed by them for the relevant person in default, or | ||
| (b) | the relevant person in default is a credit union. | ||
| (8) | 4 [deleted]4 | ||
| (9) | Bodies corporate in the same group as the relevant person in default 3, 2 unless that body corporate is:2 | ||
| (a) | a trustee of:5 | ||
| (i) | a stakeholder pension scheme (which is not an occupational pension scheme) or a personal pension scheme (but in each case if the trustee is a firm it will only be an eligible claimant if its claim arises out of a regulated activity for which it does not have a permission);5 | ||
| (ii) | (if the claim is with respect to a long-term insurance contract) a small self-administered scheme or an occupational pension scheme; or 5 | ||
| (iii) | (if the claim is not with respect to a long-term insurance contract) a small self-administered scheme or an occupational pension scheme of an employer which is not a large company, large partnership or large mutual association; or5 | ||
| 2 (b)5 | carrying on the regulated activity of operating or winding up a stakeholder pension scheme (which is not an occupational pension scheme) or personal pension scheme. | ||
| (10) | 4[deleted]4 | ||
| (11) | 66, 4 [deleted]4 | ||
| (12) | Persons who, in the opinion of theFSCS, are responsible for, or have contributed to, the relevant person's default | ||
| (13) | Large companies or large mutual associations | ||
| (14) | Large partnerships | ||
| (15) | Persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering. | ||
| (16) | Persons whose claim arises under the Third Parties (Rights against Insurers) Act 1930 | ||
| (17) 7 | Where the claim is in relation to a protected contract of insurance or protected non-investment insurance mediation, body corporate, partnerships, mutual associations and unincorporated associations which are not small businesses.7 | ||