If
the FMA has determined that a member institution is unable to repay deposits which are due and there is no current prospect of repayment at a later date (e.g. insolvency of a bank) resp. that a bank other financial service provider is unable, for the time being, to meet its obligations arising out of investors' claims; or
a judicial or supervisory decision has been issued that results in prohibition on disbursements with respect to covered deposits or investments of a member institution or has the effect of suspending the rights of depositors' resp. investors' ability to raise claims against the member institution (e.g. opening bankruptcy proceedings or dismissal due to lack of assets),
a payout resp. compensation event has occurred (Articles 7 and 36 EAG). At this time the deposit guarantee and/or investor compensation scheme will be activated. The FMA must inform EAS of the occurrence of a payout or compensation event and immediately publish this on its website.