Regulations And Market Practice (Kenya) Practice Questions - CISI Regulations And Market Practice (Kenya) Exam

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Which of the following is the primary purpose of the Investor Compensation Fund (ICF) established under the Capital Markets Act?

To guarantee that investors do not lose money from normal stock market price drops To compensate investors who suffer pecuniary loss resulting from the failure of a licensed intermediary To bail out struggling stockbrokers and investment banks from bankruptcy To fund the administrative operations and salaries of the Capital Markets Authority

Correct Answer:

To compensate investors who suffer pecuniary loss resulting from the failure of a licensed intermediary

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