Statement for Certified High Net Worth Individual

I hereby declare that I am a certified high net worth individual for the purposes of both the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 ("Financial Promotion Order") and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 ("CIS Exemptions Order").

I understand that in relation to the Financial Promotion Order 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-
(i) the Financial Services Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

I understand that in relation to the CIS Exemptions Order this means:

(a) I can receive promotions, made by a person who is authorised by the Financial Services Authority, which relate to units in unregulated collective investment schemes that invest wholly or predominantly in unlisted companies;
(b) the schemes to which the promotions will relate are not authorised or recognised for the purposes of the Financial Services and Markets Act 2000.

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 certificate issue date, an annual income to the value of 100,000 or more;
(b) I held, throughout the financial year immediately preceding the certificate issue date, net assets to the value of 250,000 or more. Net assets for these purposes do not include -
(i) the property which is my primary residence or any loan secured on that residence;
(ii) 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
(iii) 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 accept that I can lose my property and other assets from making investment decisions based on financial promotions.

I accept that it is open to me to seek advice from someone who specialises in advising on investments (including unregulated investment schemes).


 


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