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Financial Services and Markets Act 2000

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Financial Services and Markets Act 2000

Postby jantra » Sat Aug 15, 2015 10:46 am

would a director of a private company looking to raise funds from private investors contravene the regulations, assuming no investment advice was provided and only forecasts of projected profits of the company (and not dividends) were provided only when asked by the investor?

I'm thinking s20 of FSMA 2000 provides an exemption when the offer is open and advertised on a website.
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Re: Financial Services and Markets Act 2000

Postby dls » Sat Aug 15, 2015 1:58 pm

I confess I do not know, but remember enough of it to keep clear unless and until you are quite sure.
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Re: Financial Services and Markets Act 2000

Postby atticus » Sat Aug 15, 2015 3:03 pm

If this is real, proper professional advice should be taken.
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Re: Financial Services and Markets Act 2000

Postby Voldemort » Mon Aug 17, 2015 12:21 pm

jantra wrote:would a director of a private company looking to raise funds from private investors contravene the regulations,.


Yes you're likely to be in breach of a number of regulations, particularly if you're marketing to the general public/retail investors as well.

https://small-firms.fca.org.uk/authoris ... gory=unset

Contact the FCA, they'll be able to guide you appropriately.
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