How does it work?
The Compensation Fund acts as an insurance policy for members’ clients. This
fund will be held in a separate bank account and be only used should a member
refuse to adhere to a judgment from the Financial Commission.
How is the Compensation Fund financed?
The Compensation Fund is financed by the Financial Commission through the
allocation of 10% of the monthly membership dues to the fund.
Who is covered?
It is very important to understand that fund will only be used for a judgment that
has been made by the Financial Commission; a member’s entire client base is
not entitled to a payout from the compensation fund.
What is the maximum coverage?
The Compensation Fund will only cover judgments up to €20,000 per client.
Find out more about our Complaints Handling Process.
* Client Money Protection Insurance through FINEX covers up to $1 million* per claimant for clients with account balances over US$20,000 or (equivalent account base currency).