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Banking Rule Book
Text applicable on 7 Oct 2026Consolidated version of 2 Jul 2014In forceUnofficial text · authentic on EUR-Lex (opens in a new tab)
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Directive (EU) 2026/804 of 30 March 2026 (in force 10 May 2026). EUR-Lex has not consolidated it yet; check the amending act for changes to this provision.

DGSD Article 5(1)(g) — as applicable on 7 Oct 2026 (version of 2 Jul 2014)

Article 5

Eligibility of deposits

1.

The following shall be excluded from any repayment by a DGS:

(a)

subject to Article 7(3) of this Directive, deposits made by other credit institutions on their own behalf and for their own account;

(b)

own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;

(c)

deposits arising out of transactions in connection with which there has been a criminal conviction for money laundering as defined in Article 1(2) (opens EUR-Lex in a new tab) of Directive 2005/60/EC (opens EUR-Lex in a new tab);

(d)

deposits by financial institutions as defined in point (26) of Article 4(1) of Regulation (EU) No 575/2013;

(e)

deposits by investment firms as defined in point (1) (opens EUR-Lex in a new tab) of Article 4(1) (opens EUR-Lex in a new tab) of Directive 2004/39/EC (opens EUR-Lex in a new tab);

(f)

deposits the holder of which has never been identified pursuant to Article 9(1) (opens EUR-Lex in a new tab) of Directive 2005/60/EC (opens EUR-Lex in a new tab), when they have become unavailable;

(g)

deposits by insurance undertakings and by reinsurance undertakings as referred to in Article 13(1) (opens EUR-Lex in a new tab) to (6) (opens EUR-Lex in a new tab) of Directive 2009/138/EC (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((15));

(h)

deposits by collective investment undertakings;

(i)

deposits by pension and retirement funds;

(j)

deposits by public authorities;

(k)

debt securities issued by a credit institution and liabilities arising out of own acceptances and promissory notes.

2.

By way of derogation from paragraph 1 of this Article, Member States may ensure that the following are included up to the coverage level laid down in Article 6(1):

(a)

deposits held by personal pension schemes and occupational pension schemes of small or medium-sized enterprises;

(b)

deposits held by local authorities with an annual budget of up to EUR 500 000 .

3.

Member States may provide that deposits that may be released in accordance with national law only to pay off a loan on private immovable property whether made by the credit institution or another institution holding the deposit are excluded from repayment by a DGS.

4.

Member States shall ensure that credit institutions mark eligible deposits in a way that allows an immediate identification of such deposits.