Content Options

Content Options

View Options

Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

ICD claim

    a claim:

      1. (a) against a MiFID investment firm 57 (including a credit institution which is a57 MiFID investment firm 57 ), 166or, where applicable, a successor of such a firm; and146
      1. (b) in relation to:57
        1. (i) any investment services and activities other than the making of a personal recommendation;74
        1. (ii) the ancillary service of safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management;74
        1. (iii) the firm's inability to repay money owed to or belonging to investors and held on their behalf or the firm's inability to return to investors any instruments belonging to them and held, administered or managed on their behalf, in each case, in connection with the investment service of the making of a personal recommendation relating to a financial instrument in accordance with the legal and contractual conditions applicable.74

    [Note: Article 2(2) of the Investor Compensation Directive]74