Access to this website is restricted to persons meeting certain requirements imposed by the securities laws of the United Kingdom and the United States. The information requested in this Questionnaire is needed in order for Pharo Management to determine your eligibility to receive a password and gain access to this website.
Persons interested in receiving a password (hereinafter referred to as an “Applicant”) must complete the Questionnaire set forth below. Applicants will then be notified by Pharo Management if they are eligible to receive a password. Pharo Management reserves the right to deny any person access to this website at any time and for any reason.
Pharo Management may request from you such additional information as it may deem necessary to evaluate your eligibility to access this website and may request from time to time such information as it may deem necessary to determine your continued eligibility to access this website or to enable Pharo Management to determine its compliance with applicable laws and regulatory requirements. By submitting this Questionnaire you represent and warrant to Pharo Management that the information provided by you is true and correct.
Although Pharo Management will use its best efforts to keep the information provided in the answers to this Questionnaire strictly confidential, Pharo Management may present this Questionnaire and the information provided in answers to it to such parties as Pharo Management deems advisable if called upon to establish the availability under any applicable law of an exemption from registration or if the contents thereof are relevant to any issue in any action, suit or proceeding to which Pharo Management or any of its affiliates is a party or by which Pharo Management or any of its affiliates is or may be bound.
PROFESSIONAL CLIENT/ ELIGIBLE COUNTERPARTY
Under the Firm’s FCA Scope of Permissions, the Firm is restricted to providing a service to two of the three categories of client defined by the FCA i.e. the client must either be a Professional Client or an Eligible Counterparty, but not a Retail Client. Eligible Counterparties can only be supplied with the services of the execution of orders or reception, and transmission of orders and, as such, Pharo will generally treat all clients as Professional Clients. The FCA has identified Professional Clients as the following:
- Firms authorised or regulated to operate in the financial markets by an EEA State or a third country
- A collective investment scheme or its manager
- A pension fund or its manager
- A large company or business meeting certain tests
- A national or regional government, a public body that manages public debt, a central bank or international institutions
- Institutional investors
- A large undertaking meeting two of the following size requirements on a company basis:
- Balance sheet total of EUR20M
- Net turnover of EUR40M
- Own funds of EUR2M