Under Section 18(4) of the Investor Compensation Act 1998 the Minister for Finance may appoint persons as Directors of the ICCL who appear to the Minister to represent the interests of the clients of investment firms.
One such vacancy arises commencing on 1 August 2020. Accordingly expressions of interest are sought to identify suitably qualified candidates for consideration by the Minister for appointment as a board member of the ICCL.
The Investor Compensation Company DAC (ICCL) operates Ireland’s statutory compensation fund for eligible clients of investment firms. It was established under the Investor Compensation Act 1998 in fulfilment of requirements under the EU Investor Compensation Schemes Directive 97/9/EC. The principal objectives of the ICCL are to operate a financially sound scheme in order to provide statutory levels of compensation to eligible investors of failed investment firms and to make sure compensation is paid without undue delay. Additional information in relation to the ICCL can be obtained at www.investorcompensation.ie
For full details, please see the information booklet.