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

• Payments under the Investor Compensation Fund are subject to a maximum payment to any covered client of EUR 20 000.

• If the Company fails to meet its obligations to the Client pursuant to this Appendix III, the Client shall have a right to claim under the Investor Compensation Fund established under the SFO, subject to the terms of the Investor Compensation Fund from time to time.

• Accordingly, when you trade in China Connect Securities, unlike the trading of SEHK-listed securities, you will not be covered by the Investor Compensation Fund in respect of any loss you may sustain by reason of a default by SFC licensed or registered persons.

• If the Company or any of its officers, employees or Affiliates fails to meet its obligations to the Client under the Agreement, the Client acknowledges and accepts that its right to claim compensation (i) under the Investor Compensation Fund established pursuant to the SFO is restricted to the extent provided in the SFO, and (ii) in any Market outside Hong Kong is subject to the Applicable Regulations in the relevant Market.

• Trading in China Connect Securities does not enjoy the protection afforded by the Investor Compensation Fund established under the Securities and Futures Ordinance.

More Definitions of Investor Compensation Fund

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

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

Investor Compensation Fund. 投資者賠償基金」 means the Investor Compensation Fund established pursuant to the Securities and Futures Ordinance; 指按照《證券及期貨條例》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 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.

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;