Financial Commission Increases Liability Limits of Its Compensation Fund
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Financial Commission Increases Liability Limits of Its Compensation Fund
The Financial Commission, the leading self-regulatory association dedicated to ensuring sound practices across the financial services industry, has substantially increased the maximum amount assured under its Compensation Fund.
The decision, which takes effect on April 9, will benefit clients of the Commission’s contributing members, which include international online brokerages that participate in global foreign exchange (forex), derivatives and cryptocurrency markets.
Specifically, the Compensation Fund will increase its maximum coverage amount to €20,000 per client of an A-Category Member. For the claims sought by clients of a B-Category Member, the maximum amount recoverable by a claimant was hiked to €5,000. This ... (read more)
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