Common use of Investor Compensation Schemes Clause in Contracts

Investor Compensation Schemes. Customers may be eligible for protection afforded by the U.K. Financial Services Compensation Scheme ("FSCS") with respect to AM UK, which compensates private customers in the event that a U.K. company that is engaged in investment business becomes insolvent. However, the extent that Customer seeks, or could seek, compensation from the FSCS will depend upon the type of business and the circumstances of the claim. FSCS coverage is restricted to designated investments and may not cover certain investments or transactions, depending on how they arecharacterized under the FSCS. The maximum payment under the FSCS in respect to designated investments is currently 100% of a claim up to a maximum of £50,000. Further information about compensation is available from the UK Financial Services Compensation Scheme at htttp://xxx.xxxx.xxx.xx.

Appears in 3 contracts

Samples: Terms of Securities Trading, Terms of Securities Trading, Terms of Securities Trading

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Investor Compensation Schemes. Customers may be eligible for protection afforded by the U.K. Financial Services Compensation Scheme ("FSCS") with respect to AM UKTFM LTD, which compensates private customers in the event that a U.K. company that is engaged in investment business becomes insolvent. However, the extent that Customer seeks, or could seek, compensation from the FSCS will depend upon the type of business and the circumstances of the claim. FSCS coverage is restricted to designated investments and may not cover certain investments or transactions, depending on how they arecharacterized under the FSCS. The maximum payment under the FSCS in respect to designated investments is currently 100% of a claim up to a maximum of £50,000. Further information about compensation is available from the UK Financial Services Compensation Scheme at htttp://xxx.xxxx.xxx.xxCompensation.

Appears in 1 contract

Samples: Terms of Securities Trading

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