| In the event of default, the Clients of ODL Securities Limited are covered
by the following:
Investors Compensation Scheme1
The scheme was established under the Financial Services Act 1986. The
rules of the Scheme are made under that Act by the Financial Services
Authority.
This scheme steps in when an authorised investment firm goes out of
business and cannot repay money it owes its clients and is funded by levies
on regulated firms. The scheme pays the first £30,000 of a valid
claim in full and 90% of the next £20,000 - up to £48,000
for each investor in total.
These are detailed below:
Securities Industry Policy
Parts I & II: Direct Financial Loss
Part III: Errors & Omissions
Limit of Indemnity: GBP 3,000,000 each and every loss/claim.
Additionally, our Clearing Counter parties carry their own insurance
policies.
If any further information is required, please do not hesitate to contact
our Compliance Department on+44 (0) 20 7903 6100.
1 - Residents of non-EEA countries are not eligible
for coverage by the Investors Compensation Scheme |