Therefore, actual depositors should be informed about their coverage and the responsible scheme on their statements of account and intending depositors by countersigning a standardised information sheet. The content of such information should be identical for all depositors. Twhereas, however, the unregulated use in advertising of references to the amount and scope of a deposit-guarantee scheme could affect the stability of the banking system or depositor confidence; whereas Member States should therefore lay down rules to limit such references; .

4. Where eligible deposits with an institution under resolution are transferred to another entity through the sale of business tool or the bridge institution tool, the depositors have no claim under Directive [DGSD] against the deposit guarantee scheme in relation to any part of their deposits with the entity under resolution that are not transferred, provided that the amount of funds transferred is equal to or more than the aggregate coverage level laid down in Article 5 of Directive [DGSD].

DGSs may take the form of statutory, contractual or institutional protection schemes recognized as DGSs as referred to in Article 80(8) of Directive 2006/48/EC .

(1a) If a Deposit Guarantee Scheme is unable to determine the covered deposits of the credit institutions belonging to the scheme when this Directive enters into force, the target level in Article 2(1()(h) shall refer to the eligible deposits in the scheme. As of 1 January 2015, the covered deposits shall constitute the basis for calculating the target level for all Deposit Guarantee Schemes.

In order to ensure that Depositors DGSs in all Member States enjoy display a similarly high level of protection and that Deposit Guarantee Schemes lend money to each other only if substantial financing efforts have been made by the Deposit Guarantee Scheme concerned, the financing of Deposit Guarantee Schemes should be harmonised at a high level. This, however, should not jeopardize the stability of the banking system of the Member State concerned stability, a uniform ex-ante financial target level should be stipulated for all DGSs .

In general, all retail depositors and businesses [where applicable in the Member State: and vulnerable local authorities are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the web site of the responsible Deposit Guarantee Scheme [insert web site of the responsible DGS].