(22)Pursuant to Directive 2014/49/EU, Member States were to ensure that by 3 July 2024, the available financial means of a DGS reach a target level of 0,8 % of the amount of the covered deposits of its members. In order to objectively assess whether DGSs fulfil that requirement, a clear reference period should be established to determine the amount of covered deposits and DGSs’ available financial means.