Timperley, Cheshire​

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Qualification to be a self-certified Sophisticated Investor

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 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 investment industry, 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.

 

Qualification to be certified a High Net Worth Individual:


I am a certified high net worth individual because at least one of the
following applies:

  1. 1. I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

  2. 2. I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

  3.  

    Net assets for these purposes do not include: the property which is my primary residence or any loan secured on that residence; any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; 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.

 

Statement for certified High Net Worth Individual

 

Lomond Investment Management Limited are asking you as a potential Investor to sign the declaration of certified high net worth set out below. Whilst this may not be strictly necessary because the rules on promotions do not apply to the trust based syndicates details of which you have requested it is prudent that we procure these Certificates for two reasons.

First we must protect Lomond Investment Management Limited (because the sanctions for people who improperly issue financial promotions are very serious).

Second we must protect you. This Certificate confirms that you are a sophisticated investor and therefore you recognise that you do not have the usual protection afforded to those who invest in schemes approved and regulated by the Financial Conduct Authority.

If you are unsure about giving this Certificate please speak to your financial advisor.

Declaration

I declare that I am a certified high net worth individual as described in the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005.

I understand that this means:

(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following-
(i) the Financial Conduct Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Conduct
Compensation Scheme.

I am a certified high net worth individual because at least one of the following applies-

(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;
(b) 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-
(i) the property which is my primary residence or any loan secured on that residence;
(ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) 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.

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

I am aware that it is open to me to seek advice from someone who specialises in advising on investments.