Funding Cycle Eight (2019 - 2022)
The Board of the ICCL has issued its consultation document on the proposed funding of the Investor Compensation Scheme for the period 2019 to 2022. The consultation document contains 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 is taking the opportunity to seek the view of industry participants on the implementation of other operational changes, particularly revised arrangements relating to Inter-fund Borrowing, and, Pro-rata refunds being dis-applied for Fund A firms in certain circumstances.
The Funding Consultation document is available here.