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A common abbreviation for the Financial Services Compensation Scheme.
FSCS definition
A common abbreviation for the Financial Services Compensation Scheme.
The FSCS was set up following the Financial Services and Markets Act 2000, and has been active since December 2001. It is an independent compensation scheme for customers, to protect deposits, investment business, home finance, insurance policies and insurance broking, in the event that a firm is unable to meet claims made against it.
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