Vistabrokers CIF Ltd became a member of Investor Compensation Fund (ICF)

Vistabrokers CIF Ltd became a member of Investor Compensation Fund (ICF)

Dec

On the 3 December 2013 Vistabrokers CIF Ltd obtained membership in ICF. ICF membership is an integral part of regulated EU investment-brokerage companies’ business activities.
The main purpose of the Investor Compensation Fund for clients of Cypriot Investment Firms is to secure the claims of the “covered” clients against Cypriot Investment Firms, in situations where the latter are unable to meet such of their duties as arise from their clients’ claims in connection with the investment or ancillary services provided by CIFs, as long as such inability is directly related to their financial circumstances in respect of which no realistic improvement in the near future seems foreseeable.

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