Property investment opportunities promoted by Rougemont constitute an Unregulated Collective Investment Scheme (“UCIS”) as defined in the Financial Services and Markets Act 2000 (“FSMA”).
Rougemont is authorised by the UK Financial Conduct Authority (“FCA”) to establish, operate and wind up UCIS (Reg.No.516918).
Strict guidelines allow Rougemont to only promote opportunities to a category of person (Exempt Persons), falling within The Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (“the Order”).
‘Exempt Persons’ falling within the Order include:
- ‘Investment Professionals’, who are Authorised FCA Persons and who are defined, according to the Financial Services and Markets Act 2000, as having professional experience of participating in a UCIS for the purpose of their business.
- ‘Certified Sophisticated Investors’ who are defined as investors who are self-certified, or who have been certified by an FCA Authorised Person as being sufficiently knowledgeable to understand the risks associated with participating in a CIS and who have signed a requisite Certified Sophisticated Investor Declaration in accordance with COBS4.12 of the FCA Handbook.
- ‘Certified High Net Worth Individuals’, who are defined as investors who have self-certified in accordance with COBS4.12 of the FCA Handbook or who have been certified by an FCA Authorised Person confirming that during the financial year immediately preceding the date on which the certificate was signed, held an annual income of not less than £100,000, or net assets of not less than £250,000, excluding their primary residence and benefits from life policies.
- A ‘High Net Worth Company’, which is defined as a corporate entity with called-up share capital or net assets of either (a) in the case of a company with more than 20 members, or which is a subsidiary of a company with more than 20 members, not less than £500,000 or, (b) in the case of any other body corporate, not less than £5 million.
Confirmation of prospective clients’ investor status must be received by Rougemont in advance of any information or promotional material in respect of an investment opportunity being provided.
Prospective investors should contact Rougemont to arrange for a copy of the most appropriate certificate to be signed.