Beva to determine contributions for Quaestor top-up fund

Analysis

Investor Protection Fund (Beva) will make a decision “within weeks” based on the scale of the contributions members of Beva must make to a top-up compensation fund for clients of failed Quaestor brokerage, Beva told Hungarian news agency MTI yesterday.

Beva still does not have precise information on the impact of recent brokerage scandals on membersʼ fees, however, a multifactor rise is expected, MTI said.

Lawmakers recently voted to establish the top-up fund which will effectively raise the compensation threshold for Quaestor clients from €20,000 to €100,000, footing Beva members with the bill.

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