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badhairday

ETFs and the FSA

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Are ETF's covered by the FSA in the same way that banks are. For eg, if an etf goes under will the FSA refund me 90% of my holdings in the way they would with my bank account?

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Are ETF's covered by the FSA in the same way that banks are. For eg, if an etf goes under will the FSA refund me 90% of my holdings in the way they would with my bank account?

I don't know at all. But my guess would be that you get 0.00.

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I don't know at all. But my guess would be that you get 0.00.

 

Mine is with ETF securities and is not covered here are the terms and conditions.

 

23. Are ETCs covered by the FSA compensation scheme

 

ETCs are not a fund structure and the ETC Issuer is a Jersey incorporated company and are not part of the FSA compensation scheme.

 

24. Who regulates ETF Securities and ETCs

 

ETF Securities and its issuing subsidiaries are all incorporated in Jersey and are regulated by the Jersey Financial Services Authority. The company and those that provide administrative services to the company all require licences issued by the JFSC to conduct the business. The ETCs themselves are issued pursuant to a prospectus approved by the FSA, which acts as the home regulator of such.

 

 

 

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