FSA issued a CP on extra FSCS protection for temporary high deposit balances, such as those arising on a house sale or inheritance. FSA is proposing a monetary limit of £500,000 and time limits on protection. FSA's proposals are dependent on EU discussions on the amended Deposit Guarantee Schemes Directive. If a common fixed limit is adopted, the UK will be unable to have higher protection for temporary high balances unless it is agreed at EU level that an exception should be made. The Commission will carry out an assessment of this question by end of 2009.