Investors Compensation Scheme

 

Home
Site Map
Add Term
Search
About Us
Contributors

Investors Compensation Scheme

A compensation scheme for investors with operating rules set by the Financial Services Authority (FSA). This scheme was replaced by the Financial Services Compensation Scheme (FSCS) in December 2001.The FSCS may be able to assist private investors if the firm with whom an investment was made is fully authorised and has gone into default and cannot pay out claims. No compensation can be sought when investment values decrease as a result of market trends or inflation. The maximum amount claimable under the FSCS is £48,000 which comprises the first £30,000 in full and 90% of the next £20,000. Note: An authorised firm must have satisfied the FSA that it is 'fit and proper' to conduct investment business. A list of authorised firms, known as the Central Register is maintained by the FSA. However members of Recognised Professional Bodies (RPBs) such as solicitors are not included in the ICS and operate their own compensation arrangements.



Similar Matches

Partial compensation

Partial compensation

Incomplete payment for the delivery of goods to one party by buying back a certain amount of product from the same party.


Financial Services Compensation Scheme

Financial Services Compensation Scheme

The Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up by the Financial Services Authority (FSA) in December 2001, and replaced:Building Societies Investor Protection SchemeDeposit Protection SchemeFriendly Societies Protection SchemeInvestors Compensation SchemePIA Indemnity SchemePolicyholders Protection Boardhttp://www.fscs.org.uk


Fee and commission compensation

Fee and commission compensation

See: Fee-based compensation


Full compensation

Full compensation

Payment for delivery of goods to one party by buying back more than 100 % of the value that was originally sold.


Compensation

Compensation

1. The GATT principle that members who violate GATT rules must compensate other countries by lowering tariffs or making other concessions, or be subject to retaliation. 2. The actual or potential payment by the winners from a change in trade or other policy to the losers, intended to undo the harm to the latter. Actual compensation is rare, but the potential for compensation is used as the basis for most evaluations of the gains from trade.


Further Suggestions

Pensions Compensation Board
Fee only compensation
Fee based compensation
Compensation
Deferred compensation
Just Compensation


 
All rights Reserved. Do not copy without permission.