FSA is consulting on plans to extend the current separate compensation cover for customers with deposits in merging building societies. It also wants a similar extension for customers of building societies that merge with subsidiaries of other mutuals and customers whose deposits are transferred from one failed firm to another deposit taker where they already have an account. FSA wants to apply these rules until December 2010, so it can make new rules once changes to the Deposit Guarantee Schemes Directive are finalised. The paper also looks at how FSA will supervise the “single customer view” system, if it proceeds with its proposals in CP09/3. It wants comments by 6 July on its proposals for term deposit accounts and merger/transfer deposits, and by 4 September on its plans for the single customer view verification and changes to FSA Rules to reflect the Banking Act 2009.