Financial Services Compensation Scheme (FSCS)

This protection applies whether you hold your account with GTN Europe directly or were introduced to us by a broker, investment platform or other regulated firm. Your eligibility as an individual claimant is not affected by how your account was opened. Not all clients, and not all types of claims, are eligible for FSCS protection. Eligibility depends on your client categorisation and the nature of the claim. Retail clients are generally eligible claimants; certain institutional and professional clients may not be. If you are unsure whether you would be an eligible claimant, please refer to the FSCS eligibility rules at www.fscs.org.uk.

The FSCS is the UK’s statutory fund of last resort for customers of UK authorised financial services firms. This means that the FSCS will pay compensation if a member firm, such as GTN Europe, is in liquidation and unable to pay client compensation claims against it, including where there is a client money shortfall. In the unlikely event there was a shortfall in the client money cash account, individual GTN Europe clients would be able to claim up to a maximum of £85,000 per person from the FSCS. The same protection extends to a shortfall in safe custody assets (such as securities) held by GTN Europe on your behalf, subject to the same £85,000 per person limit.

If a bank used by GTN Europe to hold client money goes into liquidation the losses would be shared by all clients in proportion to their share of GTN Europe’s overall client money position. In respect of a UK authorised bank, these losses would also be covered by the FSCS up to a limit of £85,000 per person, per banking group for each individual GTN Europe client.

For further information you can contact the FSCS on 020 7741 4100 or at www.fscs.org.uk. You can also write to them at FSCS, 10th Floor, Beaufort House, 15 St Botolph Street, London EC3A 7QU.