<P> The Financial Services Compensation Scheme ( FSCS ) is the UK 's statutory Deposit insurance and investors compensation scheme for customers of authorised financial services firms . This means that FSCS can pay compensation if a firm is unable , or likely to be unable , to pay claims against it . FSCS is an independent body , set up under the Financial Services and Markets Act 2000 ( FSMA ) , and funded by a levy on `` authorised financial services firms '' . The scheme covers deposits , insurance policies , insurance brokering , investments , mortgages and mortgage arrangement . </P>
<P> The Financial Services Compensation Scheme ( FSCS ) is the UK 's statutory Deposit insurance and investors compensation scheme for customers of authorised financial services firms . This means that FSCS can pay compensation if a firm is unable , or likely to be unable , to pay claims against it . FSCS is an independent body , set up under the Financial Services and Markets Act 2000 ( FSMA ) , and funded by a levy on `` authorised financial services firms '' . The scheme covers deposits , insurance policies , insurance brokering , investments , mortgages and mortgage arrangement . </P>
what is the main role of the financial services compensation scheme
what is the main role of the financial services compensation scheme
pay compensation if a firm is unable , or likely to be unable , to pay claims against it
pay compensation if a firm is unable , or likely to be unable , to pay claims against it