Funds Operated By the Scheme

At inception, the ICCL, following consultation with industry, established two funds designated as Fund A and Fund B. The categories of firms which contribute to each of these Funds are derived directly from the Central Bank of Ireland’s authorisations and are adapted, as appropriate, where the Central Bank of Ireland’s categories of firms change.

Fund A		Fund B
Investment firms authorised under the European Communities (Markets in Financial Instruments) Regulations 2007		Authorised Advisors authorised under the Investment Intermediaries Act, 1995
Investment firms authorised under Section 10 of the Investment Intermediaries Act, 1995 that are not exempt under Section 2(5) of the Investor Compensation Act, 1998		Multi Agency Intermediaries authorised under the Investment Intermediaries Act, 1995
Stockbrokers authorised under the European Communities (Markets in Financial Instruments) Regulations 2007		Insurance Intermediaries registered under the European Communites (Insurance Mediation) Regulations 2005
Credit institutions authorised to provide investment business services		Certified persons who provide investment business services, which are similar to those provided by Fund B firms, in a manner which is incidental to their main professional activities
Certified persons who provide investment business services, which are similar to those provided by Fund A firms, in a manner which is incidental to their main professional activities

*Individual Portfolio Management Services refers to the management of portfolios of investments and discretionary portfolio management services as well as non-core services such as investment advice, safekeeping and administration services.