Compensation Scheme

A scheme run by the Financial Services Authority to compensate investors if authorised persons default. The maximum payout by the Investors Compensation Scheme (ICS) in any year is £100m for each SRO, and the maximum payout per claim is £48,000 plus interest. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

Look at other dictionaries:

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