Tuesday March 31, 2020

Investor Compensation Company reports surplus of €4.5 million

The ICCL said it had reserves of €43.3 million at the end of July

9th December, 2015
The ICCL had reserves of 43.3 million at the end of July

The Investor Compensation Company (ICCL) recorded a surplus of €4.5 million for the 12 months ended July 31, a year in which there were no calls on its compensation funds as no investment firms failed.

The company, which collects annual levies from investment firms to build the reserves from which compensation can be paid, said the surplus boosted its reserves to €43.3 million at the end of July. It had €20.9 million in its Fund A reserves,...

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