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Annex 2.pdf

Annex-2-1.pdf
Preview of Annex 2
🔗 Source: cilexregulation.org.uk
📊 Size: 555 KB
👤 Author: Andrew Donovan
⬇️ Downloads: 96

Summary

CILEx Regulation proposes changes to the CILEx Compensation Fund Rules, including renaming them to CILEx Compensation Arrangements, to reflect a shift towards insurance-backed compensation. The changes aim to broaden the scope of compensation, introduce eligibility criteria, and improve clarity. Key proposed changes include:

Renaming the rules to CILEx Compensation Arrangements
 Broadening the scope of compensation to include insurance-backed arrangements
Introducing eligibility criteria to limit claims to consumers and small businesses
 Requiring dishonesty to be involved in misappropriations and failures to account
Allowing for interim payments and grants
 Clarifying that grants cannot be made in excess of available funds or where other remedies are available.

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Description

CILEx Regulation proposes changes to the CILEx Compensation Fund Rules, including renaming them to CILEx Compensation Arrangements, to reflect a shift towards...

Technical Information

  • File Format: PDF
  • File Size: 555 KB
  • Pages: 4
  • Language: EN
  • Author: Andrew Donovan
  • Total Downloads: 96
  • Last Updated: 6 days ago

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This PDF document about Annex 2 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Annex 2.

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