Compensation for clients of other investment companies
Other investment companies are understood to mean:
portfolio management and investment advice companies,
UCI management companies having the authorisation to carry out the activity of individual portfolio management
Enterprises belonging to one of the above-mentioned categories of investment company may under no circumstances receive deposits or hold financial instruments on behalf of their clients.
Clients shall be informed of this prohibition by the companies concerned.
For this reason, compensation from the deposit protection scheme will only be admissible if the client can demonstrate that he had placed assets (cash, financial instruments) with the defaulting company in good faith in terms of being unaware of this ban.
All the terms set out in the sections dealing with deposit protection (for which a maximum of € 100,000 applies) or protection for financial instruments (for which a maximum of € 20,000 applies) shall apply in the context of the protection mentioned in this chapter.
NB: No rights can be derived from the above information.
