Both the SRA and CLC operate a Compensation Fund to protect the interests of clients and offer compensation - usually when regulated firms are intervened. This one hour webinar explores this compensation scheme, it's statutory basis, and who can apply.
The webinar will be of interest to management and compliance in SRA and CLC regulated firms, and those who may need to advise affected clients if a local firm has been intervened.
During the webinar, we cover:
- An explanation of Compensation Funds and which regulators offer compensation;
- Why clients and others may need to be compensated following an intervention and in what circumstances they may be able to claim;
- The relevant sections of the legislation establishing the schemes;
- The current rules and guidance about who is eligible, the deadlines for applications, and the client and third party situations covered by the rules;
- Making an application and broad information you can give to clients and others impacted by intervention.
This practical webinar aims to leave you with the information to explain in general terms to an impacted client or third party what happens during an intervention; whether they could make a claim if they were impacted; and what the next steps might look like.