Common use of Investor Compensation Fund Clause in Contracts

Investor Compensation Fund. 10.1 Pursuant to the Law, the Company, being a Cyprus Investment Company (“CIF”), is required to be a member of the Investment Compensation Fund (“ICF”) and is not allowed to provide investment services without participating in the said ICF. 10.2 The main purpose of the ICF for clients of CIFs is, inter alia, to secure the claims of the covered clients against CIF, in situations where the latter is unable to meet such of its duties as arise from its clients' claims in connection with the investment services or the ancillary services it has provided, as long as such inability is directly related to its financial circumstances in respect of which no realistic improvement in the near future seems foreseeable. The maximum amount of compensation is EUR 20,000 per client. 10.3 Detailed information with respect to the ICF’s purpose, its constitution, management and administration, eligible clients, covered services, amount of compensation and all other relevant information is set out in the Company’s Investor Compensation Fund Document (as amended from time to time) available at all times in the Company’s Website which document is incorporated in full in this Agreement and forms an integral part thereof.

Investor Compensation Fund. 10.1 Pursuant to the Law, the Company, being a Cyprus Investment Company (“CIF”), is required to be a member of the Investment Compensation Fund (“ICF”) and is not allowed to provide investment services Investment Services without participating in the said ICF. 10.2 The main purpose of the ICF for clients of CIFs is, inter alia, to secure the claims of the covered clients against CIF, in situations where the latter is unable to meet such of its duties as arise from its clients' ’ claims in connection with the investment services Investment Services or the ancillary services Services it has provided, as long as such inability is directly related to its financial circumstances in respect of which no realistic improvement in the near future seems foreseeable. The maximum amount of compensation is EUR 20,000 per client. 10.3 Detailed information with respect to the ICF’s purpose, its constitution, management and administration, eligible clients, covered services, amount of compensation and all other relevant information is set out in the Company’s Investor Compensation Fund Document document (as amended from time to time) available at all times in the Company’s Website which document is incorporated in full in this Agreement and forms an integral part thereof.