Final closure of the operation of the Depositors Compensation Scheme in respect of Kaupthing Singer & Friedlander (Isle of Man) Limited (“the Scheme”)

Further to an Application Notice dated 21^st March 2025 made by the Authority as Scheme Manager following the closure of the Scheme on 1 October 2024, a further Order was made at a hearing at the Isle of Man High Court on 19^th June 2025.

The Order can be viewed here.

Amongst other matters, the Order declares that from 31^st July 2025 all remaining depositors have abandoned any and all rights to claim any dividends and/or surplus interest unclaimed or uncollected.

The Authority will take the final steps to fully close the Scheme on or after 31^st July 2025.

Further information in relation to the Scheme can be accessed here.

Enquiries:

Andrew Kermode

Head of Prudential Supervision Division

Secretary to the Scheme

Tel: +44 (0)1624 689320

Email: andrew.kermode@iomfsa.im