By-laws of the Deposit Protection Fund

17. Any compensation payments already made must be reimbursed if it turns out
that the conditions for compensation were not fulfilled or if information and
proof requested under these By-laws were not submitted, not submitted in full
or not submitted in time.
18. This Section 6 shall apply to liabilities that arise or are renewed after 31
December 2022. Liabilities which were protected until the end of 31 December
2022 under Section 6 of the version of the By-laws of the Fund registered with
the Register of Associations on 18 November 2021, which thus forms part of
these By-laws and is attached to these By-laws as the annex to Section 6 (18),
shall continue to be protected as provided for thereunder. After 31 December
2022, the ‘grandfathered’ status under sentence 2 shall cease to apply as soon
as the liability concerned falls due, can be terminated or otherwise reclaimed,
or if the liability is transferred by way of individual or universal succession in
title or is transferred to a foreign branch.
19. A right in law to enforce intervention or payments by the Fund shall not exist.
Section 7 – Deposit Protection Committee
1. A Deposit Protection Committee shall be formed within the Banking Association.
Its elected members shall comprise
(a) one representative of each of the big branch banks,
(b) four representatives of the regional banks,
(c) three representatives of the private bankers and
(d) one representative of the foreign banks.
These members must be members of the senior management of banks
participating in the Fund.
36 By-laws Section 7