SCHEDULE 5STATEMENTS FOR CERTIFIED HIGH NET WORTH INDIVIDUALS AND SELF-CERTIFIED SOPHISTICATED INVESTORS
PART ISTATEMENT FOR CERTIFIED HIGH NET WORTH INDIVIDUALS
1
The statement to be signed for the purposes of article 48(2) (definition of high net worth individual) must be in the following form and contain the following content—
“ Statement for Certified High Net Worth Individual
I declare that I am a certified high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) 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 Services Authority;
b
the content of such financial promotions may not conform to rules issued by the Financial Services 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 Services Authority; or
ii
the Financial Ombudsman Scheme;
e
I may have no right to seek compensation from the Financial Services 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.
Signature Date”.