By-laws of the Deposit Protection Fund
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<strong>the</strong> registered <strong>of</strong>fice <strong>of</strong> <strong>the</strong> bank. <strong>Deposit</strong>s which are established or renewed<br />
later than one month after publication in <strong>the</strong> Federal Gazette or which are<br />
transferred by way <strong>of</strong> individual or universal succession in title or which <strong>the</strong><br />
creditor does not terminate or reclaim at <strong>the</strong> earliest possible date <strong>the</strong>reafter<br />
shall not be protected.<br />
15. Liabilities <strong>of</strong> <strong>the</strong> bank that are to be included in <strong>the</strong> scope <strong>of</strong> protection <strong>of</strong><br />
<strong>the</strong> <strong>Fund</strong> on <strong>the</strong> basis <strong>of</strong> abusive legal acts shall not be protected. An abusive<br />
legal act shall be deemed to exist particularly if a construction is chosen which,<br />
compared with <strong>the</strong> envisaged scope <strong>of</strong> protection <strong>of</strong> <strong>the</strong> <strong>Fund</strong>, gives <strong>the</strong> creditor<br />
an advantage in connection with a measure pursuant to Section 2 that is not<br />
intended under <strong>the</strong>se <strong>By</strong>-<strong>laws</strong>.<br />
16. The <strong>Fund</strong> shall only provide compensation in accordance with <strong>the</strong> <strong>By</strong>-<strong>laws</strong> if and<br />
ins<strong>of</strong>ar as creditors are not compensated by ano<strong>the</strong>r protection scheme or by<br />
a compensation scheme as provided for under <strong>the</strong> German <strong>Deposit</strong> Guarantee<br />
Act or <strong>the</strong> German Investor Compensation Act (Anlegerentschädigungsgesetz).<br />
The Banking Association may – even after compensation has been provided<br />
– request submission <strong>of</strong> information and pro<strong>of</strong> with regard to <strong>the</strong> reported<br />
or repaid deposits and <strong>the</strong>ir creditors, particularly as concerns eligibility for<br />
compensation under <strong>the</strong>se <strong>By</strong>-<strong>laws</strong> and <strong>the</strong> ranking <strong>of</strong> deposits within <strong>the</strong><br />
meaning <strong>of</strong> Section 46f (4) <strong>of</strong> <strong>the</strong> German Banking Act. Compensation shall<br />
only be provided if <strong>the</strong> requested information and pro<strong>of</strong> are submitted within<br />
<strong>the</strong> stipulated periods.<br />
17. Any compensation payments already made must be reimbursed if it turns out<br />
that <strong>the</strong> conditions for compensation were not fulfilled or if information and<br />
pro<strong>of</strong> requested under <strong>the</strong>se <strong>By</strong>-<strong>laws</strong> were not submitted, not submitted in full<br />
or not submitted in time.<br />
98<br />
<strong>By</strong>-<strong>laws</strong> Annex to Section 6 (18)
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