# Guidance for charities with Icelandic bank investments

- Link: https://fundraising.co.uk/2008/10/12/guidance-charities-icelandic-bank-investments/
- Published: 2008-10-12T10:31:47+01:00
- Author: Howard Lake

The Charity Commission has published guidance for charities who have invested in
the Icelandic banks that have collapsed, leaving them open in some cases to significant
losses.

The Commission outlines what a Treasury statement implies for charities with investments
in Landsbanki, Heritable and Kaupthing Singer and Friedlander. Some charities will
qualify as retail depositors in those banks, and therefore, according to the Treasury,“
will receive their money in full”.

Charities that qualify include those with an annual turnover of £6.5 million or 
less, or assets of £1.4 million or less, depending on how the charity is structured.

## Advertisement

The Charity Commission is asking all charities affected by the Icelandic crisis 
to contact en*******@***********************ov.uk so that it can collate information.

.

www.charitycommission.gov.uk/news/ice.asp

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