1.1. This Regulation has been developed in accordance with the legislation of the Switzerland
by the current Charter of the Non-Commercial Partnership "European Financial Markets Commission" (hereinafter - FMAC) and regulates the creation and use of the FMAC compensation fund.

3.1. Payments from the Compensation Fund are possible only in cases where the FMAC Council recognizes violations by FMAC certified company, and the company, in turn, refuses to consider the claim and reimburse the client for the losses amount.

1.2. The Compensation Fund is formed in order to ensure the financial responsibility of the members of the Partnership for obligations arising from infliction of losses to the clients of the FMAC-certified companies due to the services poor quality.

1.3. Within the limits of the Compensation Fund, the Partnership is financially liable for the obligations of FMAC certified companies specified in the documents governing the relationship of companies with clients, and spends money solely to reimburse losses arising from non-performance or improper performance of these obligations. Compensation Fund is within 2 000 000 USD.

2.2. Upon receipt of the FMAC conformity certificate, the financial institution is obliged to pay a contribution to the Compensation Fund within 5 working days after the Partnership decision to issue this certificate.

2.3. It is not allowed to release a financial institution from the obligation to make a contribution to the Compensation Fund, including
due to its requirements for the Partnership.

2.4. If the company is deprived of the conformity certificate in accordance with the current FMAC Charter, the contribution made to the Compensation Fund is not refundable.

3.2. The resources of the Compensation Fund are spent exclusively for the purposes specified in Clause 1.3 of these Regulations.

3.3. If the client's claim is recognized as justified and it is necessary to satisfy it, the FMAC Council makes a decision on making the payment from the compensation fund. Payment is made no later than 10 working days after the relevant decision is made.

3.4. Payments are made to the payment details declared by customers, while FMAC has the right to require all the necessary documents to identify the customer. If the client refuses to submit the required documents, FMAC reserves the right to refuse payment from the compensation fund.