Client Money and Asset Information Sheet

What is a Client Bank Account?

A client bank account is a bank account held by, and in the name of, InvestEngine (UK) Limited in which we will hold your money on trust for you. All money held in a client bank account is referred to as ‘client money’.

A client bank account is specially created by us for the purpose of holding your money and the money of other clients. The money held in the client bank account is segregated from any other money held by the firm.

All client bank accounts are held at recognised banks. A recognised bank is a bank authorised by the UK Regulator, the Financial Conduct Authority for deposit taking or, is authorised under the law of another acceptable country or territory to carry on activities corresponding to deposit taking.

General Client Bank Account

A general client bank account usually holds money of several clients. The money may be held at one bank or the money may be held in multiple bank accounts spread across several banks.

When we hold your money pending future investment, the money will be held in a general client bank account.

Client Settlement Bank Account

A settlement client bank account is a client bank account which is used by us solely to hold the net balance required for the settlement of transactions for clients.

Your assets

We will hold your assets in a pooled client account at CREST (operated by Euroclear UK and Ireland) segregated from the firms and custodian's assets. Registration of your investments will be held in the name of InvestEngine Nominees Limited.

We are authorised to manage and safeguard your assets on your behalf, and we will ensure that your assets are kept secure. Your assets cannot be transferred to other accounts.

Unclaimed Client Money/Client Assets

In accordance with the Financial Conduct Authority Client Asset “CASS” rules we may pay away unclaimed client money/client assets held on your behalf to a registered charity if:

• we have held the client money balance for at least 6 years following the last movement on your client account

• we have held that safe custody asset for at least 12 years and we have not received instructions relating to any safe custody assets from or on behalf of yourself

Certain provisions apply prior to paying away unclaimed client money/client assets held on your behalf and the firm will unconditionally undertake to pay to its clients a sum equal to the value of the client money/asset at the time it was liquidated or paid away.