Egr Wealth Limited

Limits on the record

• Restriction on Activity

  Requirement 1: Restriction on activity 1. Except as specified in paragraph 2 or otherwise with the prior written consent of the FCA, the Firm must not undertake any activity with, or in relation to: a. those persons specified in the Appendix to the Firm’s application for the imposition of requirements dated 7 July 2020 (the “Relevant Persons”); or b. any investments issued or distributed by the Relevant Persons (the “Relevant Investments”). 2. Nothing in paragraph 1 prevents the Firm from undertaking such activity in relation to the Relevant Persons or the Relevant Investments as is necessary for: a. the limited purpose of determining whether or when to dispose of Relevant Investments on behalf of the Firm’s clients, or: b. for the purposes of ongoing due diligence. 3. For the avoidance of doubt, the Firm must not deal, or arrange dealing in, the Relevant Investments, including for the purpose of disposing of such investments, without the prior written consent of the FCA.

• This firm may handle your money in passing but must not hold it, so payments should go to the product provider, never to a personal account.
• May hold/control client money if rebated commission

  The general requirement not to hold or control CLIENT MONEY does not apply if the CLIENT MONEY arises from an agreement under which commission is rebated to the client.

• The firm is required not to undertake any offering and / or distribution of listed bonds to retail clients and is limited on dealing with certain parties - effective 08/07/2020

  1. Without the written consent of the FCA, EGR will not undertake any regulated activity in relation to the offering and distribution of listed bonds to Retail Clients. 2. Without the written consent of the FCA and in relation to certain parties who have been involved with the issue of listed bonds, EGR will not: a. carry on any business with those parties; b. increase a Client’s exposure to any investments which are issued by those parties and which are currently held within the Funds; or c. assist EGR Corporate Broking Limited or any other appointed representative of EGR to carry on any of the activities set out at (a) and (b) above. 3. Within 7 working days of these requirements coming into force, in the form agreed with the Authority, EGR will notify the following of the terms of these Requirements in writing to any person falling into one or more of the following categories: a. Clients, except as otherwise provided under Paragraph 4 below; b. financial advisers which it knows or believes to be providing services or otherwise acting on behalf of Clients; c. platform service providers which it uses to manage or trade assets; d. custodians of all assets managed by EGR; and e. persons involved in the management or operation of the Funds. 4. The notification in Paragraph 3 need not be given to a Client who is not currently exposed directly to any of the investments to whom Paragraph 2 above applies. Definitions The definitions below are used in this document: “Retail Clients” means the meaning attributed in the FCA Handbook. “Clients” means the meaning attributed in the FCA Handbook and the persons for whom EGR provides any service involving the carrying on of a regulated activity, including but not limited to persons with assets under EGR’s management and any entity (such as trustees for SIPPs) holding, managing or administering assets on behalf of such investors; “the Funds” means the model portfolios of EGR and all underlying assets in the model portfolios; “EGR” means EGR Broking Limited.

• The firm must not undertake new regulated activities, including accepting new customers or new investments, and must not dispose of, transfer or otherwise deal with its assets, client money or client assets without the prior written consent of the FCA.

  The firm must not undertake new regulated activities, including accepting new customers or new investments, and must not dispose of, transfer or otherwise deal with its assets, client money or client assets without the prior written consent of the FCA. The firm is required to notify affected customers and publish information regarding these restrictions on its website.