в моем нудном тексте то и дело мелькает covered clients и covered services. Текст про фонд выдачи компенсаций инвесторам. Контекст для примера:

In principle, all of the Company’s clients are covered by the Fund under the investment compensation protection scheme...

...5. Compensation of Covered Clients and Payment Formalities

5.1. Failure of a member of the Fund to fulfil its obligations toward its investors
The Fund compensates the covered clients for claims arising from the covered services provided by its members, as long as failure by the member to fulfill its obligations has been ascertained notwithstanding a relevant obligation by the member of the Fund in accordance with the legislation and the terms which govern its agreement with the covered client and regardless of whether the said obligation of the member of the Fund is based on the agreement or on wrongdoing...

...5.3. Procedure relating to the invitation of covered clients to submit applications
Upon issuance of a decision by the Court or by CySEC, on the commencement of the compensation payment process, the Fund publishes in at least three newspapers of national coverage, an invitation to the covered clients to make their claims against the member of the Fund arising from covered services, designating the procedure for the submission of the relevant applications, the deadline for their submission and their content.

Я хотела переводить "застрахованные клиенты", "услуги, на которые распространяется страхование". Но нигде ни о каком страховании речь не идет. Защищенные клиенты?

определение из Вашего текста выше -
‘covered client’ shall mean the client of a Fund member, who is covered by the Fund for claims against the Fund member, arising from the covered services which are provided by the said Fund member;