Which of the following is not listed as a beneficiary of the Deposit Guarantee Scheme in the materials?

• A. Charities
• B. Large companies
• C. Trustees of large defined benefit occupational pension schemes
• D. Small sole traders

Answer: (D)

The Deposit Guarantee Scheme defines who is protected as a beneficiary. The materials list certain entities that qualify for protection because they hold deposits with banks in a fiduciary or significant commercial capacity. Charities, large companies, and trustees of large defined benefit occupational pension schemes are named beneficiaries, reflecting their established deposit relationships and the public protection aim of the scheme.

Small sole traders are not listed among the beneficiaries in the materials, so they are not shown as a covered category. The scheme is designed to protect deposits for individuals and specific types of organizations with particular deposit relationships; small sole traders don’t appear in that listed set, which is why this option is the correct answer.