UK Investment Banking & Assets MGM Firm

This firm must protect the money it holds and/or controls on behalf of customers. It cannot lend this money or use it to finance its own business.Specific requirements may  change this firm’s ability to hold and/or control client money – see below for details.

Requirements

Requirements are rules placed on the firm that apply to all of the financial services activities that it can operate.

BIPRU firm MiFID activity restriction
Unable to carry on the MIFID investment service and activity of placing of financial instruments without a firm commitment basis (Annex 1, Section A7 of MiFID)
May control money if settlement through a mandate.

The general requirement not to hold or control CLIENT MONEY does not restrict the firm from controlling CLIENT MONEY if it arises from an agreement under which the firm effects settlement through a mandate or otherwise.

Advising on investments (except on Pension Transfers and Pension Opt Outs)
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Limitation
Rights to or interests in (both).

Advising on P2P agreements
Customer Type
Eligible Counterparty
Professional

Agreeing to carry on a regulated activity
Limitation
Limited to carry on regulated activities.

Arranging (bringing about) deals in investments
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Limitation
Rights to or interests in (both).

Arranging safeguarding and administration of assets
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Limitation
Rights to or interests in (both).

Dealing in investments as agent
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Limitation
Rights to or interests in (both).

Making arrangements with a view to transactions in investments
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Limitation
Rights to or interests in (both).

Managing investments
Customer Type
Eligible Counterparty
Professional
Investment Type
Certificates representing certain security
Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
Debenture
Future (excluding a commodity future and a rolling spot forex contract)
Government and public security
Option (excluding a commodity option and an option on a commodity future)
Rights to or interests in investments (Contractually Based Investments)
Rights to or interests in investments (Security)
Rolling spot forex contract
Share
Unit
Warrant
Category: Banks & Other Financial Service

Registration in LUXEMBOURG as an asset management firm with the following permissions:

A(1) Reception and transmission of orders in relation to one or more financial instruments
Investment Type
A(2) Execution of orders on behalf of clients
Investment Type
A(4) Portfolio management
Investment Type
A(5) Investment advice
Investment Type
B(5) Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments

The Company is totally clean with no outstanding legal or FCA issues. It has a paid up share capital of £199,797.

The firm can manage and hold client funds (via mandate), advise on and arrange all types of investments (except on Pension Transfers and Pension Opt Outs), including crypto transactions etc.

It has all correspondent banking in place with HSBC. It has Main Broker Accounts with SocGen and Credit Suisse that can be reactivated once funds are brought in under management.

It has won many awards for best Hedge Fund Manager / Asset Manager and has an excellent reputation.

Asking £390k, including approximately £50K held in bank.