1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Investor protection

Regulation & tax

The machinery — settlement guarantee, client-money segregation, ombudsman, compensation funds — that decides what happens when an intermediary fails.

In plain terms

Regulation does not promise returns. It promises that specific people had duties to you and that there is somewhere to go when they are not met.

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Investor Protection Fund

Regulation & tax

Also called: IPF

An exchange-maintained fund compensating claims against a defaulting member, up to a limit.

In plain terms

A backstop, not a guarantee of full recovery.

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