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Luxembourg Deposit Guarantee Scheme

The Luxembourg law of 18 December 2015 on the resolution, reorganization and winding up measures of credit institutions and certain investment introduces (1) a new depositor protection and (2) a new investor compensation scheme inter alia applicable to Luxembourg credit institutions including its branches in EU/EEA countries.


(1) The former depositors protection scheme (AGDL) has been replaced by a new mechanism, operating under the name “Fonds de garantie de dépôts Luxembourg” (FGDL). The FGDL is a public deposit guarantee scheme in charge of collecting contributions from banks and compensating covered depositors in case of a bank failure. Detailed information is available under

(2) The new investor compensation scheme “Système d’indemnisation des investisseurs au Luxembourg” (SIIL) has taken over the functions carried out in the past by the AGDL in the field of investor compensation. Its website is under construction.


General information on both systems is also available on the website of the Luxembourg financial markets authority “Commission de Surveillance du Secteur Financier” (CSSF),

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