| Commentary

251 Secondary preferential debts

| Commentary

251 Secondary preferential debts

There is one further category (category 8) introduced by recent legislation which is preferential, but ranks behind ordinary preferential debts, which comprises1:

  1. 251.1

        other deposits relating to aspects of the Financial Services Compensation Scheme; and

  2. 251.2

        an amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit that:

    1. 251.2.1

          was made through a non-EEA branch of a credit institution authorised by the competent authority of an EEA state, and

    2. 251.2.2

          would have been an eligible deposit if it had been made

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