HMFSA2400 - General information: Format of financial securities

Guarantees are the only form of security acceptable to us. It is intended that they will provide:

• A fixed maximum liability for the guarantor
• A period of notice for withdrawal (applicable to both the guarantor and HMRC)
• Cover for premises and/or movements (as applicable)
• Automatic restitution of the original level of security where, following the submission of a claim, neither party exercises the right to withdraw within 30 days of the claim being received