Safe Trading : Panimula sa FSCS, isang Komprehensibong Pamamaraan

FSCS ---- Isang komprehensibong pamamaraan upang makakuha ng kabayaran habang nalulugi ang broker sa Reyno Unido.

The FSCS (Financial Services Compensation Scheme) is a compensation program in the sector of financial services, British granted compensation fund, which is the last resort that helps clients when the company goes bankrupt and can no longer indemnify their clients. This organization started its activities from 01 December 2001, on the basis of the UK Financial Services and Markets Act 2000. The FSCS is completely independent from the UK administrations of organization and is a service for clients of financial companies, completely free of charge. The FSCS compensation fund covers all the companies, approved by the British regulatory organizations : The FCA (Financial Conduct Authority) and the PRA (Prudential Regulation Authority of the Bank of England), and can also be the guarantor of the companies from other European countries, operating in the UK and having been licensed by other regulatory organizations in their respective countries.

Objects of protection of the FSCS compensation fund are:

- Insurance policies;

- Deposits;

- Mediation coverage (travel insurance and those who choose it);

- Investment operations;

- Housing, of the concession of a credit.

Halaga ng Pabayad ng FSCS

Customers can receive compensation from the FSCS only that their companies have been recognized as bankrupt. To do this, the Compensation Fund may conduct its own investigations to rule out possible fraudulent activities. Compensation is paid only for financial loss of individuals and small businesses. The maximum size of compensation to a natural person depends on each specific case, but cannot exceed £75,000 of the deposits in the companies declared bankrupt since 2010, and since 03 July 2015, the FSCS compensation is up to £1 million, in a short term for large deposits in the case of a bank failure.

The maximum compensation for investments is £50,000 to an individual. For housing, the maximum compensation is distributed up to £50,000. Compensation of insurance companies act without restrictions.

Therefore, the FSCS Compensation fund is a guarantee for investors and in the case of the brokerage company going bankrupt and being unable to return the money or shaures of its clients, the FSCS compensates the loss of up to £50,000. It should be remembered that the FSCS is neither the regulator of the organization nor the dispute committee. Therefore, the FSCS cannot direct a claim from brokers and outsiders to compensate for losses or lost profits. However, if we consider that the FSCS works in conjunction with a trustworthy British regulator, such as the FCA, the Compensation fund is an excellent complement and serves as a kind of insurance policy in case of the Force majeure.

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