Funding Cycle Seven (2016 - 2019)
The Board of the ICCL issued its consultation document on the proposed funding of the Investor Compensation Scheme for the period 2016 to 2019. The consultation document contained proposals on target fund capacity, the mix of each funding layer and type, the basis of assessment for annual levies and proposed levy rates. In addition, the Board took the opportunity to seek the view of industry participants on the implementation of other operational changes with a view to further enhancing efficiencies within the administration of the current levy collection processes.
The Funding Consultation document is available here.