The following are excluded from the reimbursement guarantee:

• Deposits made with entities not authorised for this purpose;

• Deposits in the name and on behalf of credit institutions, investment firms, financial institutions, insurance and reinsurance undertakings, collective investment institutions, pension funds, national and foreign public sector entities and supranational or international bodies, with the exception of:

  • deposits of pension funds whose members are small or medium-sized enterprises;

  • deposits of local authorities with an annual budget of EUR 500 000 or less;

• Deposits arising from operations in respect to which a final criminal conviction has been issued for the practice of money laundering;

• Deposits whose holder has not been identified by presenting the data provided for in the rules governing the prevention of money laundering and the financing of terrorism;

• Deposits of entities which, in the two years prior to the date on which the deposits were unavailable or on which a resolution was adopted, had a direct or indirect interest equal to or greater than 2% of the share capital of the credit institution or were members of the credit institution’s management bodies, unless it is established that they were not, by action or omission, at the origin of the credit institution’s financial difficulties and did not contribute, by action or omission, to the credit institution’s situation.