1. This Directive lays down rules and procedures relating to the establishment and the functioning of deposit guarantee schemes (DGSs).
2. This Directive shall apply to:
(a) statutory DGSs;
(b) contractual DGSs that are officially recognised as DGSs in accordance with Article 4(2);
(c) institutional protection schemes that are officially recognised as DGSs in accordance with Article 4(2);
(d) credit institutions affiliated to the schemes referred to in points (a), (b) or (c) of this paragraph.
3. Without prejudice to Article 16(5) and (7), the following schemes shall not be subject to this Directive:
(a) contractual schemes that are not officially recognised as DGSs, including schemes that offer an additional protection to the coverage level laid down in Article 6(1);
(b) institutional protection schemes (IPS) that are not officially recognised as DGSs.
Member States shall ensure that schemes referred to in points (a) and (b) of the first subparagraph have in place adequate financial means or relevant financing arrangements to fulfil their obligations.