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EFTA01381437

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(2) The CRR credit institution shall without undue delay make available to the deposit guarantee scheme on request the documents needed to verify the claims for compensation by the depositors and for their compensation, as well as the necessary information about deposits and depositors. (3) The deposit guarantee scheme shall settle claims by depositors for compensation in the period up to 31 May 2016 within 20 working days, and starting on 1 June 2016 within seven working days. of the date on which BaFin determined that a compensation event has occurred, without a request to the deposit guarantee scheme being necessary. Amounts that are temporarily subject to a higher coverage level in accordance with section 8 (2) shall be repaid within seven working days of receipt of notification of these amounts by the depositor in accordance with section 8 (5). Section 15 Exclusion, deferral and suspension of compensation (1) No compensation shall be paid where there have been no transactions relating to the deposit within the last 24 months and the value of this deposit is lower than the average administrative costs that would be incurred by the deposit guarantee scheme in paying any compensation. (2) By way of derogation from section 14 (3), settlement of the claim for compensation may be deferred if 1. the depositor's claim for compensation is disputed, 2. there have been no transactions relating to the deposit within the last 24 months. 3. the amount to be compensated is part of a temporarily higher coverage level as defined in section 8 (2) or 4. the depositor is not absolutely entitled to the deposit. In the case of sentence 1 number 4 above, the claim for compensation shall be settled within three months of the date on which the compensation event is determined by BaFin, and in the other cases within an appropriate period. (3) Settlement of the claim for compensation can be suspended if 1. the deposit is subject to legal dispute: until there

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