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The
Investor Compensation Company Limited ("ICC")
is established for the administration of claims
against the Investor Compensation Fund ("Fund").
We are a wholly-owned subsidiary of the Securities
and Futures Commission ("SFC").
Our jobs are to receive, assess
and determine claims against the Fund, make payments
to claimants and pursue recoveries against defaulting
licensed intermediaries or authorized financial
institutions including:
(i) an intermediary licensed or registered for
dealing in securities or dealing in futures contracts;
or
(ii) an intermediary licensed for securities
margin financing; or
(iii) an authorized financial
institution which provides securities margin
financing.
We perform the following functions,
which have been transferred to the ICC under the
Securities and Futures (Transfer of Functions
- Investor Compensation Company) Order:
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