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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