The Investors’ Protection Fund of the Nigerian Stock Exchange (IPF) is a scheme set up by virtue of the provisions of the Investments and Securities Act due to the activities of capital market operators which sometimes endanger the interests of investors[i]. The primary aim of the Investors’ Protection Fund is to compensate investors who suffer pecuniary losses resulting from some circumstances stated in ISA. This article examines the Investors’ Protection Fund as it relates to investors accessing the said fund.
Administration of the Fund
The Investors’ Protection Fund is administered by The Board of Trustees of The Nigerian Stock Exchange’s Investors’ Protection Fund (“The Board”) subject to the regulatory supervision of the Securities and Exchange Commission (the “Commission”).[ii]
Purpose of the Fund as it Relates to Investors
The purpose for establishing the investor protection fund is to protect investors in Capital Market by compensating those who suffer pecuniary loss arising from any of the following[iii]:
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