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UK Investment Banking & Assets MGM Firm

London, United Kingdom
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    UK Investment Banking & Assets MGM Firm

    ₤390,000

    Description

    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.

    Detail

    Updated on February 23, 2021 at 10:36 pm

    Property ID:L#2020311
    Property Type:Banks
    Property Status:For Sale
    Asking Price: ₤390,000
    Country:United Kingdom
    State: United Kingdom
    City: London
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