Protection – Compensations

The Guarantee Fund shall compensate investors against money claims made for covered investment services in case of confirmed permanent or non-reversible failure of an Investment Services Firm to fulfill its obligations arising out of covered investment services provided:

• either to deliver back to clients / investors the financial instruments owned by same and which were held, managed and kept by the Investment Services Firm on their behalf,
• or to give back the capital payable to those clients / investors.