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Vacancy on investor compensation board

22 May 2020 / regulation Print

Vacancy on investor compensation board

Finance Minister Paschal Donohoe is seeking expressions of interest from people who could represent the interests of consumers on the Investor Compensation Company (ICCL).

There is currently a vacancy on the ICCL board for a director who would represent the interests of investment fund clients.

Legal experience

The main aim of the ICCL, which was established under the Investor Compensation Act 1998, is to provide statutory levels of compensation to eligible investors of failed investment firms, and to make sure compensation is paid without undue delay.

One of the essential requirements for the position is an understanding of the legislation and regulatory environment relevant to retail investors and financial markets. Legal experience at a senior level is also desirable.

The closing date for submissions is 29 June.

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