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This website is directed only at persons falling within the definition of "investment professional" and having professional experience in matters relating to investments. The investments and activities contained within this website are only available to, and will only be engaged with such persons. Anyone not falling with the definition of an investment professional, in particular, persons who would be defined as Retail Clients under the rules of the Financial Conduct Authority must not rely on this website.

For the purposes of clarity, an "Investment Professional" is defined as:

  1. a) An authorised person;
  2. 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;
  3. c) Any other person
    1. (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
    2. (ii) Who it is reasonable to expect will carry on such activity for the purposes of a business carried on by him;
  4. d) A government, local authority (whether in the United Kingdom or elsewhere) or an international organisation;
  5. e) A person ("A") who is a director, officer 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.