Information issued to customers by the National Deposit Insurance Fund (OBA) concerning the peremptory term of compensations

Information issued about the cessation of OBA's compensation obligation subject to a peremptory term. As of 26 December 2020, the concept of 'peremptory term' was added to the Financial Institutions Act, which stipulates that a person entitled to compensation may not demand the payment of compensation from OBA following a term of 5 years calculated from the day succeeding the date of the expiry of the compensation deadline.