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Central Discontinuance Fund

Discussion in 'CP1' started by Minal Gohil, Mar 28, 2019.

  1. Minal Gohil

    Minal Gohil Member

    Hello,

    What is a Central Discontinuance fund?
    1. Can you please guide me which chapter can I refer to for any core reading on this?

    2. On a separate note. What is the purpose of this fund? Why is it established? And under which circumstances would you set it up?

    Regards,
    Minal
     
    Minal Gohil, Mar 28, 2019
    #1
  2. AaronD

    AaronD Active Member

    This is a fund which insurance companies/schemes contribute to in order for there to be a fund established to pay for a failed scheme or insurance company.

    Kind of like the situation where we all pay taxes and if a bank were to fail the government may step in and provide funding to the bank.
     
    AaronD, Mar 28, 2019
    #2
    pyuille_1609 and Admin like this.

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