A full listing of the institutions eligible to apply for the Guarantee Scheme, including the identification of each institution’s type, can be found at Schedule 1 of the Scheme Rules. The Government intends to create a new arms length body to manage the Government’s shareholdings in recapitalised institutions on a professional and wholly commercial basis, and seek to effectively realise value to the taxpayer. Transparent arrangements will be put in place to ensure that any role for the Government in relation to investment decision-making is clearly defined.