Consultation: transitioning towards an insurance backed compensation scheme
CILEx Regulation is consulting on changing its compensation arrangements to transition towards an insurance backed scheme.
This consultation makes a number of proposals to change the CILEx Compensation Fund Rules with a view to moving towards a largely insurance backed compensation scheme as opposed to the maintenance of a substantial fund. This is intended to achieve a more proportionate and cost effective regime while maintaining robust consumer protection.
This consultation will run for 8 weeks, closing on 5 May 2017.