Investor Compensation Fund definition

Investor Compensation Fund. (ICF) means the fund of clients of CIFs, who are fund members, established pursuant to article 59(1) and (2) of the Law, and whose powers and functions are regulated by the provisions of the Law and this Directive DI144-2007-15 of 2015 of the CySEC.

Investor Compensation Fund means the investor compensation fund established pursuant to the SFO.

Investor Compensation Fund means the investor compensation fund established pursuant to the Ordinance;

Examples of Investor Compensation Fund in a sentence

• Hong Kong’s Investor Compensation Fund is established to pay compensation to investors of any nationality who suffer pecuniary losses as a result of default of a licensed intermediary or authorised financial institution in relation to exchange-traded products in Hong Kong.

• The Company participates in the Investor Compensation Fund for clients of Investment Firms regulated in the Republic of Cyprus.

• A Portfolio’s investment through northbound trading under Stock Connect is not covered by Hong Kong’s Investor Compensation Fund or the PRC equivalent.

• You will be entitled to compensation under the Investor Compensation Fund where we are unable to meet our duties and obligations arising from your claim.

• We participate in the Investor Compensation Fund for clients of Investment Firms regulated in the Republic of Cyprus.

More Definitions of Investor Compensation Fund

Investor Compensation Fund the Investor Compensation Fund established pursuant to the SFO;

Investor Compensation Fund means the Investor Compensation Fund established under section 236 of the SFO;

Investor Compensation Fund means the Investor Compensation Fund established pursuant to Section 236 of the Securities and Futures Ordinance (Cap. 571); “投資者賠償基金”指根據《證券及期貨條例》（第 571 章）第 236 條成立的投資者賠償基金；

Investor Compensation Fund. The Company being a member of the Investor Compensation Fund (“the (Fund” or “ICF”)) provides the Client, if he is being categorized as a retail client, with the security of receiving compensation from the Fund, for any claims arising from the malfunction on behalf of the Company or if the Company fails to fulfil its obligations, regardless of whether that obligation arises from a breach of applicable laws, the Agreement or from any wrongdoing by the Company. Further details in regard to the Fund are available in the Investor Compensation Fund document uploaded on the Company’s website. • Due diligence measures: The Company has the obligation to exercise all due skill, care and diligence during the selection, appointment and periodic review of the credit institution, bank where clients’ funds are kept. The Company’s due diligence measures have been designed in such a manner so as to ensure, among others, that the good repute of such institutions is taken into consideration. • The Company may hold clients’ funds in omnibus accounts with third party financial and credit institutions. Hence, the client is warned that there is a risk of loss emanating from the use of omnibus accounts in financial or credit institutions. Omnibus accounts may also hold other types of risks including legal, haircut risk, liquidation risk, third party risk and others. It is commonly understood that any amount payable by the Company to the client, shall be paid directly to the client, to a bank account the beneficial owner of which is the client. All withdrawals can only be processed if the company has received the “KYC Documents” of the client and the client has been verified by the Company, thus the account is considered as approved.

Investor Compensation Fund or "ICF" means the ICF for Clients of IFs, the ICF for Clients of Banks and the ICF for Clients of CCIs, as defined in part VII;

Investor Compensation Fund means the investor compensation fund established pursuant to the Securities and Futures Ordinance. “IPO Loan” means financial assistance to finance subscriptions for IPO Shares;

Investor Compensation Fund means the compensation fund established under the laws of Hong Kong.