The terms of the Financial Services Compensation Scheme (“FSCS”) may offer protection, subject to certain eligibility criteria, in the event of the Client suffering a financial loss as a direct consequence of Global Investment Strategy UK Limited (“GIS UK”) being unable to meet its obligations (for example, if GIS UK were to become insolvent or unable to meet claims against it).
Subject to the terms of the FSCS which are amended from time to time, the current limits on the maximum compensation sums payable by FSCS is £120,000 in relation to investment business. Typically clients who meet the criteria to be classified as a ‘per se professional client’ or an ‘eligible counterparty’ would be unlikely to qualify as an ‘eligible claimant’ under the FSCS.
Further details of the FSCS are available from the Scheme’s official website at www.fscs.org.uk or on request.
