Investor Compensation Scheme (S.L. 370.9)

Contents

1. Art. 1 Citation.
2. Art. 1A Scope.
3. Art. 2 Interpretation.
4. Art. 3 Establishment of the Investor Compensation Scheme.
5. Art. 4 Functions of the Scheme.
6. Art. 5 Compositionofthe Management Committee.
7. Art. 6 Powers and duties oftheManagement Committee.
8. Art. 7 Investment management and administrative support agreements.
9. Art. 8 Publication of financial statements.
10. Art. 9 Meetings of the Committee.
11. Art. 10 Source and application of funds.
12. Art. 11 Participants.
13. Art. 12 Contributions to the Scheme.
14. Art. 13 Determination.
15. Art. 14 Application for compensation.
16. Art. 15 Verification of claims. Cap. 373.
17. Art. 16 Whenfundsappear to be inadequate.
18. Art. 17 Limit of compensation.
19. Art. 18 Claimants.
20. Art. 19 Claims.
21. Art. 20 Eligibility for compensation.
22. Art. 21 Compensationpaid to be deducted fromcompensation payable.
23. Art. 22 Subrogation.
24. Art. 23 Establishment of the level of compensation.
25. Art. 24 Consumer information.
26. Art. 25 Advertisements.
27. Art. 26 Power of the Management Committee to obtain information.
28. Art. 27 Respect for confidentiality. Cap. 377.
29. Art. 28 Failure to comply with obligations.
30. Art. 29 Procedures to investigate complaints.
31. Art. 30 Power to issue guidelines.
32. Art. 31 Exemption from liability for damages.
33. Art. 32 Financial year end of the Scheme.
34. Art. 33 Audit.
35. Art. 34 Cooperation with other authorities.
36. Art. 35 Transitory provision. S.L. 371.09 L.N. 6 of 2003. Compensation Fund.
37. Art. 37 Transitory provision, termination of office.