Information about the compensation scheme

A securities institution must inform customers who are not institutions within the meaning of the Banking Act or securities institutions of its membership of a scheme for the compensation of investor claims (compensation scheme). The securities institution must also inform customers who are not credit institutions or securities institutions, before the business relationship is entered into, in text form and in easily comprehensible language, of the provisions applicable to compensation, including the extent and amount of the compensation. Where repayable funds are not covered, the securities institution must draw attention to that fact in its general terms and conditions and in a prominent place in the contract documents, before the business relationship is entered into. The information contained in the contract documents may not include any other statements, and must be confirmed separately by the customer. In addition, information on the conditions of compensation, including the formalities required to assert claims for compensation, must be available on request.