[Osmf-talk] Treasurer's Report for the 2018 AGM
tom at compton.nu
Wed Dec 12 11:29:32 UTC 2018
On 12/12/2018 10:57, Frederik Ramm wrote:
> On 12.12.2018 10:51, Andy Allan wrote:
>> The other large balances we hold are with Barclays. Admittedly a much
>> smaller risk that losing access to PayPal, it's worth noting that only
>> the first £85,000 GBP is covered by the FSCS guarantee. Is this a
>> concern to the OSMF?
> It's not something that we have ever thought about. Is the FSCS
> guarantee even valid for non-natural persons?
Not generally, no. The conditions say:
"You’re a private individual (although some businesses and charities
may be eligible, depending on the type of claim)."
I haven't managed to find details of the exceptions yet...
Tom Hughes (tom at compton.nu)
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