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Official guidance
Holding and Movements - Financial Securities Assurance

HMFSA8000 · Lapsing guarantees

  • HMFSA8050 · What does lapsing mean?
  • HMFSA8100 · Who can lapse a guarantee?
  • HMFSA8150 · Can the Commissioners still make a claim on a lapsed guarantee?
  • HMFSA8200 · Will the Guarantor remain responsible for payment on lapsed guarantees?
  • HMFSA8250 · What must I do when the FSC informs me that the Guarantor has given notice to the Commissioners to lapse a guarantee?
  • HMFSA8300 · What happens to the guarantee after the 12-month lapse period has expired?
  • HMFSA8350 · Can the Commissioners make a claim on a guarantee which has been cancelled?
  • HMFSA8400 · What should I do if I have concerns about the usage of a guarantee and wish to lapse it?
  • HMFSA8450 · What happens after I have gathered the necessary documentary evidence?
  • HMFSA8500 · What if the principal to the guarantee asks me to lapse their movement guarantee?
  • HMFSA8550 · What if the principal to the guarantee asks me to lapse their premises guarantee?
  1. Lapsing guarantees: Contents
  2. Lapsing guarantees: What does lapsing mean?

HMFSA8050 | Lapsing guarantees: What does lapsing mean?

From HM Revenue & Customs · Holding and Movements - Financial Securities Assurance

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