This notice explains the intended regulatory perimeter of public communications on this website. It is not legal advice and should be reviewed against the final operating structure before launch.
Public communications
Website material is intended to describe corporate activities, principal investment interests and transaction capabilities. It should not be drafted or used as an invitation or inducement to engage in investment activity where doing so would trigger financial-promotion or equivalent restrictions.
No public investment product
No fund, collective investment scheme, managed account, security or other investment product is offered for subscription through the public website.
No public investment service
The website does not offer personalised investment advice, discretionary portfolio management, securities dealing, brokerage, placement, custody or asset-management services to the public.
Activity-based analysis
Financial-market regulation generally turns on the substance of an activity, not its label. Before any new service, compensation model, capital-raising activity, financing activity or third-party investment arrangement is undertaken, the applicable Swiss, UK and other relevant legal tests should be reviewed.
Professional and restricted communications
Where a communication is legally restricted to a particular class of recipient, access and distribution should be controlled appropriately and not inferred merely from a website checkbox or disclaimer.
Independent review
Material changes to the business model, target counterparties, products, jurisdictions or compensation arrangements should trigger a fresh legal and regulatory review.