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FAQ



Part A - Deposit Protection Scheme
Part B - Hong Kong Deposit Protection Board
Part C - Scheme members
Part D - Level of protection
Part E - Depositors protected
Part F - Financial products protected by the DPS
Part G - Disclosure and Representations
Part H - Compensation
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Part C - Scheme members
Q25. Who are members of the DPS?
A25. The list of members of the Scheme can be found here.
   
Q26. What institutions are covered by the DPS? How can I distinguish between members and non-members of the DPS?
A26. All licensed banks, unless exempted by the Board, are covered by the DPS. A Scheme member is required to display a DPS membership sign prominently at their branches. The sample DPS membership sign is shown below:

Membership Sign of scheme members
   
Q27. How do I know whether a bank is exempted by the Board?
A27. Only branches of overseas-incorporated banks, which are covered by a deposit protection scheme with comparable level and scope of protection, are eligible for exemption. An exempted bank must inform their depositors that they are not covered by the DPS in Hong Kong. They are also required to provide their depositors with information about the protection available under the relevant overseas deposit protection scheme.
   
Q28. Which banks are exempted by the Board?
A28. The list of exempted banks can be found here.
   
Q29. When and how will I be notified if my bank is exempted by the Board?
A29. You will be notified in writing by your bank as soon as practicable after your bank is exempted.
   
Q30. Are restricted licence banks and deposit-taking companies covered by the DPS?
A30. No. Only licensed banks are covered by the DPS.
   
Q31. Why doesn't the DPS cover restricted licence banks and deposit-taking companies?
A31. To be effective, the DPS should be able to cover a large majority of small depositors. As the percentage of depositors at restricted licence banks and deposit-taking companies with a deposit balance of less than HK$500,000 (i.e. the DPS protection limit), is relatively low, the extention of DPS coverage to them may not add much to the general banking stability.
   
Q32. Are other financial institutions such as securities companies and insurance companies covered by the DPS?
A32. No. Only licensed banks are covered by the DPS.

 
 


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