Abstract：The Investors Compensation Fund (ICF) has taken action against two members, RMG Holdings Ltd and Trilt Ltd, according to an announcement today by the Cyprus Securities and Exchange Commission (CySEC).
The Investors Compensation Fund (ICF) has taken action against two members, RMG Holdings Ltd and Trilt Ltd, according to an announcement today by the Cyprus Securities and Exchange Commission (CySEC). The ICF has withdrawn their membership status, following CySEC's decision to revoke their Cyprus Investment Firm (CIF) authorization.
Despite the loss of ICF membership, covered clients are still entitled to receive compensation for any investment operations carried out prior to the withdrawal, as long as they meet the conditions for compensation under the Directive. The revocation of membership status does not prevent covered clients from initiating the compensation procedure.
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