Statements for FCA-exempt investors

Statement for a High Net Worth Individual

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:

(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Services Authority;

(b) the content of such financial promotions may not conform to rules issued by the Financial Services Authority;

(c) by signing this statement I may lose significant rights;

(d) I may have no right to complain to either of the following –
– the Financial Services Authority; or
– the Financial Ombudsman Scheme;

(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

I am a certified high net worth individual because at least one of the following applies –

(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

(b) 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;
– 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.

I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

Statement for a Sophisticated Investor

I declare that I am a self-certified sophisticated investor for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

I understand that this means:

(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Services Authority;

(b) the content of such financial promotions may not conform to rules issued by the Financial Services Authority;

(c) by signing this statement I may lose significant rights;

(d) I may have no right to complain to either of the following –
– the Financial Services Authority; or
– the Financial Ombudsman Scheme;

(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

 

I am a self-certified sophisticated investor because at least one of the following applies –

(a) I am a member of a network or syndicate of business angels and have been for at least the last six months prior to the date below; or

(b) I have made more than one investment in an unlisted company in the two years prior to the date below; or

(c) I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; or

(d) 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 am aware that it is open to me to seek advice from someone who specializes in advising on investments.

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

Statement for an Investment Professional

I confirm that I am an “investment professional” (as defined below) for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. “Investment professional” means:

(a) an authorised person;

(b) an exempt person where the communication relates to a controlled activity which is a regulated activity in relation to which the person is exempt;

(c) any other person —
(i) whose ordinary activities involve him in carrying on the controlled activity to which the communication relates for the purpose of a business carried on by him; or;
(ii) who it is reasonable to expect will carry on such activity for the purposes of a business carried on by him;

(d) a government, local authority (whether in the United Kingdom or elsewhere) or an international organisation

(e) a person (“A”) who is a director, office or employee of a person (“B”) falling within any of sub-paragraphs (a) to (d) where the communication is made to A in that capacity and where A’s responsibilities when acting in that capacity involve him in the carrying on by B of controlled activities.

Statement for a representative of a high net worth company, trust, partnership or association

I confirm that:

1. I am or represent a high net worth body corporate, association, partnership or trustee as set out in Article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, being:

(a) any body corporate which has, or which is a member of the same group as an undertaking which has, a called-up share capital or net assets of not less than—
(i) if the body corporate has more than 20 members or is a subsidiary undertaking of an undertaking which has more than 20 members, £500,000;
(ii) otherwise, £5 million;

(b) any unincorporated association or partnership which has net assets of not less than £5 million;

(c) the trustee of a high value trust;

OR

2. I am acting in the capacity of director, officer or employee of a person falling within any of sub-paragraphs 1(a) to (c) above and my responsibilities, when acting in that capacity, involve me in such person’s in investment activity.