Skipton Guernsey Limited (SGL) is a wholly owned subsidiary of Skipton Building Society. Deposits made with SGL are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000.
Skipton Building Society, established since 1853 has given an undertaking agreeing to discharge the liabilities of SGL, in so far as SGL is unable to discharge them out of its own assets whilst SGL remains a subsidiary of Skipton Building Society.
SGL is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended and conducts business only in Guernsey, it is not authorised to accept deposits elsewhere. Copies of the latest audited accounts are available on request.