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The full English name of FSCS is Financial Services Compensation Scheme.
When a company is unable to pay its due debts, it can initiate FSCS to compensate customers. FSCS coverage is for companies regulated by the FCA and PRA, as well as EU companies operating in the UK.
FSCS is to help individuals and small businesses, usually excluding large businesses (except in special circumstances).
FSCS is not a regulatory body.
FSCS is not a regulatory body.
FSCS encourages applicants to submit claims online in a simple and fast manner.
Submit claims online at: https://claims.fscs.org.uk/static/guidance/
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