Zeal Capital Market (UK) Limited

Limits on what they may do

• Voluntary Application for Imposition of Requirements

  Zeal Capital Markets (UK Limited (the “Firm”) hereby applies to the Financial Conduct Authority (“the Authority”) under section 55L(5)(a) of the Financial Services and Markets Act 2000 (“the Act”) for the imposition by the Authority of requirements on the Firm’s Part 4A permission as set out in the terms below (“the Requirements”). Client notification 1. The Firm must by 15:00 BST on 25 September 2026 notify its clients that the Firm is ceasing regulated activity in the UK and that all clients should close their trading positions on a voluntary basis prior to 15:00 BST on 30 September 2026, at which date/ time the Firm will close all remaining clients’ trading positions. 2. The client notification should include confirmation that clients cannot open new positions after 15:00 BST on 28 September 2026, their accounts restricted to close only from this date and until the 15:00 BST on 30 September 2026 closure date. Restriction on acceptance of new client monies 3. The Firm must not accept any new client monies after 15:00 BST on 28 September 2026. From this time the Firm can only accept client monies from existing clients wanting to pay variation margin on existing open positions prior to the closure of any residual positions at 15:00 BST on 30 September 2026. This includes monies or assets under the client assets regime, title transfer collateral arrangements (TTCA), delivery vs payment transactions, matched principal transactions, or otherwise. Client open position closure 4. The Firm must close all remaining open client trading positions by 15:00 BST on 30 September 2026. Return of client monies 5. The Firm must use best endeavours to return segregated client monies held for or on behalf of clients in accordance with the Client Assets regime. 6. The Firm must notify the Authority of the amount of any residual segregated client money balances it has been unable to return by close of business on 30 October 2026, doing so by close of business on 02 November 2026. Return of TTCA funds 7. The Firm must use best endeavours to return all funds held for or on behalf of clients under TTCA, or otherwise, doing so no later than by close of business on 30 October 2026. 8. The Firm must notify the Authority of the amount of any residual funds held for or on behalf of clients under TTCA, or otherwise, it has been unable to return by close of business on 30 October 2026, doing so by close of business on 02 November 2026. Voluntary application to vary Permission 9. The Firm will, by 15:00 BST on 03 November 2026, apply to the Authority pursuant to section 55H(2)(b) of the Act, for the Authority to vary its Part 4A permission to remove the following regulated activities from the Firm’s Part 4A permission: Investments a. Making arrangements b. Arranging deals in investments c. Agreeing to carry on a regulated activity d. Dealing in investments as principal e. Dealing in investments as agent 10. The Firm will make the application via the FCA Connect system, on same date notifying its FCA Supervision team of its submission. Advertisement of regulatory status 11. The Firm must, by 15:00 BST on 30 October 2026, ensure that its regulated status is not advertised by any person or entity connected to the Firm or connected to the controllers of the Firm (for example, any entity owned by individuals personally connected to the Firm’s controller, directors or senior management function holders). Where the Firm identifies that its regulatory status is being so advertised, it should notify the Authority of this without delay, including what steps it has taken to draw the issue to the attention of the relevant person or entity to remediate this.