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Terms of Business - 1 September 2006
Allenbridge Group plc ("we", "us" or "our") is
regulated by the Financial Services Authority as independent financial
advisers.
This web site (referred to as "VCT Discounts") is offered to you, the user,
by Allenbridge Group plc conditioned on your acceptance, without modification,
of the terms, conditions, policies and notices contained herein. Your use
of VCT Discounts constitutes your agreement to all such terms, conditions,
policies and notices (the "Agreement"). The Agreement is applicable only to
VCT Discounts. Other sites on the World Wide Web owned or operated by us,
our subsidiaries, affiliates and related entities may be governed by a different
Agreement similar to this one. We may change, add or remove
any part of this Agreement, or any other terms associated with the use of VCT Discounts,
at any time, by posting a notice of such changes. Any changes shall become part of
the Agreement and shall apply as soon as such a notice is posted. By continuing
to use VCT Discounts after the notice is posted, you are indicating your
acceptance of those changes.
VCT Discounts is only for your personal use. You may not sell or exchange anything
you copy from VCT Discounts or use it for any business, commercial or advisory purpose.
As long as you comply with the terms of this Agreement, we grant you a non-exclusive,
non-transferable, limited right to enter, use, perform and display VCT Discounts and
everything on it. You agree not to interrupt or attempt to interrupt the operation
of VCT Discounts in any way.
Objectives. As we will not normally provide you with any advice that
is specific to your circumstances, we will have no obligation to
establish your investment objectives. In these circumstances, your
investment objectives will be reflected in any product you wish to
arrange through us. In the exceptional event that we do provide advice
specific to your circumstances your investment objectives will be set
out in a separate document that will form part of this Agreement and which
should be attached to it when received.
Services. Through VCT Discounts we provide an arranging only service
for Venture Capital Trust products. We also provide an arranging only
service for other tax shelter products including Enterprise Investment Schemes.
In addition, Allenbridge Group plc provides an arranging only service for
investments in unit trusts, open-ended investment companies, units in unregulated
collective investment schemes and investment trusts; and for subscriptions
to Personal Equity Plans and individual Savings Accounts.
Advice. Subject to the comments in services above, there are no
restrictions relating to the advice we may give you concerning the
types of investment or markets in which you may wish to invest. Advice
or views expressed by our personnel or us before or after a client
invests is restricted to the analysis of investments. The advice or
views do not extend to a consideration of the suitability of any
investment for any individual. If you seek such advice or views you
should consult another independent intermediary. Once we have arranged
an investment for you we will give no further information or advice in
respect of that investment except as provided in AllenbridgeCare.
AllenbridgeCare. We provide AllenbridgeCare for most investments in
unit trusts, open-ended investment companies and investment trusts;
and for subscriptions to Personal Equity Plans and Individual Savings
Accounts. Investments made in Venture Capital Trusts through Allenbridge will
also be added to the AllenbridgeCare service. If you have Venture Capital Trusts
registered for AllenbridgeCare we will send you twice-yearly valuations and
statistical reviews of their performance.
Instructions. We require you to give full instructions in writing to
avoid any possible disputes. We may, at our discretion, accept oral
instructions provided they are subsequently confirmed in writing. We
forward written applications and instructions for investments to a
third party. This is done by post, or at our discretion, by courier.
We will take all reasonable care to ensure that such applications and
instructions are dispatched to the appropriate third party, but accept
no responsibility for their safe or non-arrival as this will be
entirely at your own risk.
Clients’ accounts. We do not handle clients’ money. We will not accept
a cheque made out to us or handle cash.
Liability. We accept no responsibility for any loss or lack of gain or
adverse tax consequence, arising from any transaction made or not made
by you. We cannot accept liability for clients who do not comply with
any regulations governing the investments in Venture Capital Trusts.
Nor do we accept responsibility for any inaccuracy or delay in the information
provided by us or delay in any information or instructions reaching the
appropriate third party for any reason, unless it arises as a result
of wilful default, negligence or a breach of the Rules on the part of
the company or its employees.
Commission. Product providers and other institutions with which
investments are made may pay commission to us. You will receive from
the product provider or other institution written details of our
commission or remuneration. We will tell you the amount payable to us
on investment and the basis on which trail (annual) commission is
calculated.
Personal interest. If we have some form of interest in any business
that we are transacting for you or if we become aware that our
interests conflict with your interests, we will tell you in writing
and obtain your consent before carrying out your instructions.
Complaints. If you have any complaint about the service you receive or
a product that you have taken out through us please write to:
The Compliance Oversight Officer
Allenbridge Group plc
17 Hill Street
London, W1J 5NZ
Telephone 020 7409 1111
If, after we have reviewed your complaint, you remain dissatisfied, you have the right to refer
your complaint to the Financial Ombudsman Service. Copies of our
complaints procedures are available on request.
Money laundering. Where we are required to verify your identity in
accordance with the FSA rules, no investment will be made until such
verification has been obtained. If the required verification is not
forthcoming within a reasonable period we will not arrange any
investment for you.
Termination. You or we may terminate our authority to act on your
behalf with immediate effect at any time, in writing and without
penalty. You will remain obligated to complete any transactions
initiated at your instigation.
Compensation. If you make a valid claim against us in respect of the
investments we arrange for you and we are unable to meet our
liabilities in full, you may be entitled to redress from the Financial
Services Compensation Scheme. At your request we will send you a
leaflet that give details of the cover. You can get further
information from the Financial Services Authority and the Financial
Services Compensation Scheme.
Personal information. Personal information you provide may be
maintained on computer or other records and will not be disclosed to
other parties except our employees and consultants; representatives of
our compliance advisers; our auditors; any organisation requiring
access to such information for regulatory purposes only; any person
having a legal entitlement to access.
Acceptance. In accepting this Agreement as laid out in
this document, you agree that we may change the terms this Agreement without
receiving your prior consent to do so.
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