Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Deposits definition

What does Deposits mean? Money placed with a bank, building society or other credit institution on terms that it will be repaid, with or without interest or a premium—commonly via current, savings or term accounts. In UK financial services law, “deposit” is a specified investment: article 74 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO) defines deposits, and “accepting deposits” is a regulated activity requiring PRA/FCA authorisation. Key features are an obligation to repay the sum paid, repayment on demand or at an agreed time, and that the sum is not consideration for goods, services or other property....

UK structured deposits: product mechanics, investor and bank perspectives, and regulation (FSMA/RAO, FSCS, ISAs, UK PRIIPs, FCA Consumer Duty)

Published by a LexisNexis Banking & Finance expert

Practice notes

Overview

This Practice Note sets out what structured Deposits are and discusses:

the definition of structured deposits,
the key components of a structured deposit, viewed from both the investor’s perspective and that of the bank receiving the deposit, and
regulatory considerations, including activities regulated under the Financial Services and Markets Act 2000 (FSMA 2000), possible cover for investors through the Financial Services Compensation Scheme (FSCS), the possibility of holding a structured deposit within an Individual Savings Account (ISA) under the Individual Savings Account Regulations 1998, SI 1998/1870, and how Assimilated Regulation (EU) 1286/2014 (the UK PRIIPs Regulation) and the Financial Conduct Authority (FCA)’s Consumer Duty apply to structured deposits marketed to retail clients.

What are structured deposits?

A structured deposit is a type of investment where:

the investor places funds for a fixed period with a bank or other deposit-taking body,
instead of earning standard interest, the payoff is determined by an agreed benchmark, such as the movement of a stock exchange Index or selected Shares—if those measures perform poorly, the return could be nil, and
regardless of the performance

...

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Web page updated on 21/05/2026

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