Compensation limit

The Fund compensates the investors taking into consideration the principles of equal treatment and non-discrimination up to the compensation limit provided in the Directive 97/9/EC on investor compensation schemes, representing the “lei” equivalent of EUR 20,000 for each investor as of 1st of January 2012. The coverage level of an investor’s claim is 100%.

In order to calculate the global amount necessary for compensation, the Fund uses as indicator the “average covered investment” which is calculated as a ratio between the amount of covered investments reported by the members of the Fund and its number of members.