Financial Conduct Authority regulatory framework provides strict guidelines we must adhere to. Under Financial Conduct Authority rules this investment cannot be promoted to retail investors and must only be offered to qualifying high net worth and sophisticated investors as detailed below.
These products are considered 'non readily realisable securities', which means they are illiquid, difficult to price and do not have a secondary market. This also means they are only suitable for certain types of investor.
To invest in this offer, we must ascertain what type of investor you are. Please select from one of the categories below.
I declare that I am a certified high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.
I understand that this means:
-
I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
-
The content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
-
By signing this statement, I may lose significant rights;
-
I may have no right to complain to either of the following:
-
The Financial Conduct Authority; or
-
The Financial Ombudsman Scheme;
-
I have no right to seek compensation from the Financial Services Compensation.
I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of speculative illiquid securities. I declare that I am a high net worth individual because at least one of the following applies to me:
-
I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more. Annual income for these purposes does not include money withdrawn from my pension savings (except where the withdrawals are used directly for income in retirement).
-
I held throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
-
the property which is my primary residence, or any loan secured on that residence; or
-
any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
-
any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled; or
-
any withdrawals from my pension savings (except where the withdrawals are used directly for income in retirement).
I accept that I can lose my property and other assets from making investment decisions based on financial promotions. I accept that investments in speculative illiquid securities may expose me to a significant risk of losing all of the money or other property invested.
I am aware that it is open to me to seek advice from an authorised person who specialises in advising on investments, including in speculative illiquid securities.
A self-certified sophisticated investor is an individual who has signed, within the period of twelve months ending with the day on which the communication is made, a statement in the following terms:
Self-certified sophisticated investor statement
I declare that I am a self-certified sophisticated investor for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2005.
I understand that this means:
-
I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
-
the content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
-
I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority
which relate to investment activity in speculative illiquid securities;
-
the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested;
-
by signing this statement, I may lose significant rights;
-
I may have no right to complain to either of the following:
-
The Financial Conduct Authority; or
-
The Financial Ombudsman Scheme
-
I may have no right to receive compensation from the Financial Services Compensation Scheme.
I am a self-certified sophisticated investor because at least one of the following applies:
-
I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;
-
I have made more than one investment in an unlisted company in the two years prior to the date below;
-
I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity
-
I am currently or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.
I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.
I am aware that it is open to me to seek advice from someone who specialises in advising on investments, including in speculative illiquid securities.
A certified sophisticated investor is an individual:
-
who has a written certificate signed within the last 36 months by a firm confirming he/she has been assessed by a FCA authorised firm as sufficiently knowledgeable to understand the risks associated with engaging in investment activity in speculative illiquid securities; and
-
who has signed, within the period of twelve months ending with the day on which the communication is made, a statement in the following terms:
Certified sophisticated investor statement
I make this statement so that I am able to receive promotions which are exempt from the restriction on financial promotion in the Financial Services and Markets Act 2000. The exemption relates to certified sophisticated investors and I declare that I qualify as such in relation to investments in non-readily realisable securities and speculative illiquid securities. I accept that the contents of promotions and other material that I receive may not have been approved by an authorised person and that their content may not therefore be subject to controls which would apply if the promotion were made or approved by an authorised person.
I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.
I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-readily realisable securities and speculative illiquid securities