Glossary of Terms
Act: the Deposit Insurance Act 2011
BDIC: the Bermuda Deposit Insurance Corporation
BEDC: the Bermuda Economic Development Corporation
Board of Directors: the Board of Directors of the Bermuda Deposit Insurance Corporation
Fund: the Bermuda Deposit Insurance Fund
Rules: the Deposit Insurance Rules 2016
Scheme: the Bermuda Deposit Insurance Scheme
Scheme Member: A Scheme Member is defined in the Act as any bank or credit union that is licensed by the Authority. A list of Scheme Members may be found [AnythingPopup id=”6″]