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March 2005 Amendments to FSMA2000 (Financial Promotion Orders 2001)

BEFORE PROCEEDING WITH YOUR REGISTRATION IT IS NECESSARY FOR YOU TO SELF-CERTIFY AS A HIGH NET WORTH INDIVIDUAL OR SOPHISTICATED INVESTOR AS DEFINED BY AMENDMENTS (MARCH 2005) TO FSMA2000 (FINANCIAL PROMOTION ORDERS 2001).

Money Laundering
If you decide to make an investment in any of the Early Stage Businesses you will be required to confirm your identity directly with the Early Stage Business in accordance with current money laundering legislation.

PLEASE READ THROUGH THIS PAGE CAREFULLY BEFORE PROCEEDING WITH YOUR SELF-CERTIFICATION.

EITHER

STATEMENT FOR SELF-CERTIFIED HIGH NET WORTH INDIVIDUAL

I declare that I am a certified high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001.

I understand that this means:
(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Services Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Services Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following –
(i) the Financial Services Authority; or
(ii) the Financial Ombudsman Scheme;
e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

I am a certified high net worth individual because at least one of the following applies -

(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include -
   (i) the property which is my primary residence or any loan secured on that residence;
   (ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
   (iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

STATEMENT FOR SELF-CERTIFIED SOPHISTICATED INVESTORS

I declare that I am a self-certified sophisticated investor for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2001.

I understand that this means:
(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Services Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Services Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following -
(i) the Financial Services Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

I am a self-certified sophisticated investor because at least one of the following applies -

(a) I am a member of a network or syndicate of investors and have been so for at least the last six months prior to the date below;

(b) I have made more than one investment in an unlisted company in the two years prior to the date below;

(c) I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;

(d) I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

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