Financial Services Compensation Scheme (FSCS)

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 GBP £85,000 per person from the FSCS.

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.