Legal
Compensation Scheme
As a client of HB CFDs, you may benefit from the protection offered by the Financial Services Compensation Scheme ("FSCS"), in the event that HB CFDs become insolvent or cease trading.
The FSCS was created on 1 December 2001, when the Financial Services and Markets Act 2000 came into force, and acts as a 'safety net' for clients of authorised firms (i.e. FSA regulated financial services firms such as HB CFDs).
The FSCS is available when an authorised firm goes into default, and is unable or is likely to be unable to pay claims made against it by clients. The FSCS pays the first £30,000 of a valid claim in full and 90% of the next £20,000 - up to £48,000 for each client in total.
Using the scheme does not cost you anything, but to qualify for compensation you need to be eligible within the FSCS rules. Generally, the FSCS covers private individuals, as well as some small businesses.
Further information on the FSCS can be obtained from the FSCS website, www.fscs.org.uk or by calling the FSCS Helpline on +44 (0) 20 7892 7300.
You may inform the HB CFDs at any time that your personal details have changed or that you wish HB CFDs to delete personal information we hold about you by emailing us at compliance@cmcmarkets.co.uk. HB CFDs will change or delete your personal information in accordance with your instructions.
