About us

In March 1997, the Directive 97/9/EC in relation to the establishment of investor compensation schemes was published. The directive, known as the Investment Compensation Scheme Directive (the ICD) is as an integral part of the framework for the establishment of a single market in financial services and stemmed from another directive, Council Directive 93/22/EEC on investment services in the securities field. The Directive 93/22/EEC, replaced by Directive 2004/39/EC on markets in financial instruments (MiFID) at the 1st of November 2007, laid down certain regulatory and prudential rules governing i

In Romania, the Fund was set up in June 2005, with the purpose of compensating investors, if Fund members fail to return the money and/or the financial instruments owed by or belonging to investors, which have been held on their behalf for providing investment services or managing individual investment portfolios.

The Fund administration was entrusted to a Board of Directors, whose members have been appointed for a mandate of 5 years. The Board is composed of 3 members:

On 15.09.2021, the Investor Compensation Fund, hereinafter referred to as the Fund, has been transformed from a joint stock company into a legal entity under the public law.