In early 2011, two regulatory amendments were made to strengthen compensation arrangements for deposits protected by the Financial Services Compensation Scheme (“FSCS"): (i) the compensation limit was increased to £85,000; and (ii) a faster payout mechanism was introduced whereby on default of a scheme participant, payment would be made to eligible depositors within 7 days and the rest within 20 working days. To address concerns regarding low consumer awareness with regard to depositor protection, in the consultation paper the Financial Services Authority ("FSA") proposes: (i) that deposit takers prominently display, in their branches and on their websites, posters and/or stickers detailing deposit protection arrangements. FSA authorized firms will be required to display standard stickers and posters produced by the FSCS; (ii) EEA deposit takers with branches in the UK are required to produced their own equivalent material which must include a mandatory statement that clearly identifies their deposit protection scheme and makes it clear that they do not participate in the FSCS; and (iii) upon request, all deposit takers must provide explanatory leaflets regarding the extent of deposit protection, where leaflets are available from the applicable scheme.