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Category: Other News

Financial Provision for Unmarried Couples in the UK

In the United Kingdom, the concept of ‘common law marriage’ does not technically exist. In terms of their legal rights and obligations, cohabitees are treated entirely differently to conventionally married couples. Irrespective of how long two people have lived together and how intrinsically their lives are entwined, they are effectively considered single in the eyes… Continue reading Financial Provision for Unmarried Couples in the UK

Published November 17, 2021

Categorised as Other News

Berkeley announce £400m ‘Green Bond’ Boost

One of the UK’s most prominent house builders, Berkeley Group has confirmed plans to issue £400 million in ten-year “Green Bonds” as part of its strategy to boost the energy efficiency of its homes. Making the announcement, Berkeley also confirmed that the Green Bonds would be issued at an interest rate of 2.5% per year,… Continue reading Berkeley announce £400m ‘Green Bond’ Boost

Published August 26, 2021

Categorised as Bonds, Other News

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UK Best Investments is a trading style of UK Property Investment Club Limited which is registered in England & Wales under Companies House number 11219617 and has an ICO number of ZB064809. UK Best Investments is itself not FCA regulated and the investments provided like most similar investments do not guarantee repayment of the initial investment or interest generated. In the event of loss, investors will not be covered by the Financial Services Compensation Scheme (FSCS). The information on this page and the content of the investor information pack are not to be interpreted as formal advice or recommendations, as they do not carry ‘authorised person’ approval in accordance with Section 21 of the Financial Services Act 2000. All information provided is offered on an ‘as is’ basis and the client acknowledges and accepts the risks associated with these types of investments.

What do the FCA do?

Financial markets need to be honest, fair and effective so that consumers get a fair deal.

We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole. We do this by regulating the conduct of nearly 60,000 businesses.

The UK’s independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.

The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested” (Article 48(5) and Article 50A(5)).

FCA regulatory framework provides strict guidelines we must adhere to. Under FCA 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 investments are considered ‘non readily realisable securities’, which means they’re illiquid, difficult to price and don’t have a secondary market. This also means they’re only suitable for certain types of investor:

High Net Worth Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm they have an annual income of not less than £100,000, or net assets, excluding their primary residence, of not less than £250,000.

The UK Financial Conduct Authority (FCA) has a basic definition of a High Net Worth Investor:

An individual who has signed, within the last twelve months, a statement to confirm they have an annual income of more than £100,000, or net assets, excluding their primary residence, of more than £250,000. COBS 4.12.6

Declaration High Net Worth

A certified high net worth 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:

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

I had, throughout 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 money raised through a loan secured on that property; or
any rights of mine under a qualifying contract of insurance; 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 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-mainstream pooled investments.

Certified Sophisticated Investor – An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the Investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments.

The UK Financial Conduct Authority (FCA) has a basic definition of a Self-Certified Sophisticated Investor:

An individual who has signed, within the last twelve months, a statement to confirm that they have sufficient knowledge to understand the risks associated with engaging in investment activity in non-mainstream, pooled investments. COBS 4.12.8

Declaration Self-Certified Sophisticated Investor

“SELF-CERTIFIED SOPHISTICATED INVESTOR STATEMENT

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:

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

(i) I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-mainstream pooled investments;

(ii) the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested.

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 so for at least the last six months prior to the date below;

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

(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;

(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 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 seek advice from someone who specialises in advising on non-mainstream pooled investments.

Self-Certified Sophisticated Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm that they have sufficient knowledge to understand the risks associated with engaging in investment activity in non-mainstream pooled investments.

The UK Financial Conduct Authority (FCA) has a basic definition of a Certified Sophisticated Investor:

An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream, pooled investments. COBS 4.12.7

Declaration Certified Sophisticated Investor

A certified sophisticated investor is an individual:

who has a written certificate signed within the last 36 months by a firm confirming he has been assessed by that firm as sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments; 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:

“SOPHISTICATED INVESTOR STATEMENT

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified sophisticated investors and I declare that I qualify as such.

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:

Under FCA regulations it is essential to verify all our prospective investors’ status prior to delivering any financial promotions or details of investment opportunities. In order to proceed you must first confirm that you are one of the listed types of investor.

If you do not meet any of these criteria, you must not proceed any further and exit.

By clicking the below button, you can confirm that you fall into one of the investor mentioned categories above.

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What do the FCA do?

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