As an investment firm, IBIE is required to keep client funds segregated from their own funds so that if it becomes insolvent, client funds will not form part of their property for insolvency purposes and will be returned to their clients.
Information on IBIE’s client asset requirements can be found in the Client Assets Key Information Document (“CAKID”).
In certain cases, if an investment firm has failed to properly segregate client funds, it may not be possible to return these funds to the client should the firm becomes insolvent. Both Ireland and Hungary have compensation schemes in place to provide certain protections to retail clients if this happens. A key difference between those schemes is that the maximum amount of protection under the Hungarian scheme is €100,000, while the maximum amount under the Irish scheme is €20,000.
You can find full details of the Irish scheme on https://www.investorcompensation.ie.
Additional Information