Welcome to the website of the Investor Compensation Scheme

The Investor Compensation Company DAC (ICCL) is the compensation fund of last resort for customers of authorised financial services firms.

Find out more about us

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Stay compliant with the Investor Compensation Act

Participant firms can now pay their annual levy online using our secure payment process.  It’s a quick and easy way to ensure your firm is compliant with the Investor Compensation Act and you’ll receive confirmation immediately.

Pay your levy online now

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Want to know more about claiming compensation?

If you would like to understand how the process of claiming compensation works in Ireland, the ICCL has put together some useful information to help you.

Learn how it works here

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New Funding Levy Rule

The Board of the ICCL issued a new funding rule today called the Risk Equalisation levy ('RE levy') designed to address a fuding risk that arises where a significant book(s) of business is being acquired by, or transferred to, firms within the scope of the ICS in the absence of matching funding being received by the ICS.  The RE levy was issued following consultation with the Central Bank of Ireland to ensure that the new levy fairly meets the ICCL statutory objective of ensuring the ICCL has the necessary level of funding in place.  The RE levy will come into effect from 1 March 2020

The RE levy will only apply in very limited circumstances and Fund A firms should be aware that their exisiting and future annual levies will not be impacted unless they acquire, from another jurisdiction, a signficant book of business that is not currently within the scope of the Irish ICS (e.g. transfer a book of business from a UK authorised entitiy to an Irish authorised entity, or, authorisation of a large new Irish firm with the migration of a signifiacnt book of business).

All Fund A firms were notified of the introduction of the new RE levy through the issuance of a "Dear CEO" letter with a copy of the RE levy on 10 February 2020.  Further details on the new RE levy including a copy of the "Dear CEO" letter are available from the Funding Publications section of the ICCL website.

More details here.

COVID-19 Updated Arrangements

In accordance with the National Action Plan guidance on measures to tackle Covid-19 as circulated by the Department of the Taoiseach, the ICCL Office in Spencer Dock will be closed until further notice.  Our dedicated team are working remotely and remain available to handle your queries.  We would however request that all queries are made by email to info@investorcompensation.ie.  info@investorcompensation.ie Once your query is received a member of our team will deal with it as soon as possible.

We thank you for your assistance in this matter and wish you the best of health in the future.

 

Custom House Capital Limited

The ICCL is committed to processing claim applications and paying compensation to clients of CHC as quickly as possible, once validated and certified by the Administrator.

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