A-Conversion Capital Ltd (“the Company”) is authorized and regulated by CySEC to provide a discretionary portfolio management service.
1.1 References to ‘we’, ‘us’, or ‘our’ is A-Conversio Capital Ltd.
1.2 CySEC is the Cyprus Securities and Exchange Commission.
1.3 Reference to ‘You’ or ‘the investor ‘ shall mean the beneficial owner of the Account.
1.4 An Investment is units or shares in any collective investment scheme.
2.1 The Company will manage the Account solely at its own discretion in a manner as set out in 6, below.
2.2 The Company will not have the authority to commit the funds to underwriting obligations.
3.1 You must provide us with any information we may require to enable us to carry out our duties as part of our ongoing Know-Your-Client (KYC) obligations. In particular, you need to inform us of any change of address, identification document, and/or investment profile.
3.2 These Terms & Conditions should be read in conjunction with the Terms & Conditions of the A-Conversio Capital Funds on which the Company is managing the investments on a discretionary basis.
3.3 Any instructions received from you must be in a form acceptable to us and must bear your authority for the instruction to be valid. No such notice or communication shall be deemed to be given until it has actually been received by us in writing (by hand, registered mail, email or fax) or via a recorded telephone line. Any notice or other communication to be given to the Client shall be validly given if dispatched to him/her at the last address (physical or email) notified by the Client to us and shall be deemed to have been received by the Client at the time when the same would normally be expected to be received in the ordinary course of operation of the means of communication adopted. We normally require our clients to give us instructions in writing, to avoid disputes.
3.4 We reserve the right to sell investments if there is insufficient cash to meet the amount of any costs or charges.
3.5 Value Added Tax will be levied on all appropriate expenses and charges.
3.6 Whilst we will always make every effort to meet the service standards detailed in these Terms and Conditions, the Company cannot be held responsible for third party delays (such as the processing of sale and purchase transactions for units/shares by fund management companies) that fall outside of our control.
3.7 The Company may not commit the Client beyond the value of the cash and securities placed by the Client under the Company’s control.
3.8 This agreement may be terminated at any time without penalty, and without prejudice to the completion of transactions already initiated on behalf of the Client, by either party giving immediate notice in writing to that effect to the other. After termination of this Agreement, the Company will not execute any further transactions for the Client except at the Client’s specific request and subject to the Client entering into a new Client Agreement.
3.9 We will not advise the Client of investment management decisions but periodic investment commentaries on the state of investment markets may be issued from time to time. This should not be construed as provision of investment advice.
3.10 We will not be liable for any taxes which become payable by the Client as a result of management of the Account, nor will we be bound to enquire into or take account of the Client’s tax position in his/her jurisdiction or any other tax jurisdiction he/she may be under.
3.11 The Company undertakes to exercise all reasonable care and diligence in the execution of its duties and investment management discretion hereunder, but it will not be liable for any error of judgment or for any loss suffered by the Client whether arising as a result of the decrease in the value of any investments or through a lost opportunity whereby the investments could have increased in value, unless such loss or decline arises as a direct result of willful default or negligence on the part of the Company. The Company will not be liable for errors of fact or law or for any consequential loss arising thereon.
3.12 If and for so long as the Client consists of two or more persons (‘Participants’) the following provisions shall apply. (i) their liabilities to us hereunder shall be joint and several; (ii) any notice given or referral made or other thing done, by or on behalf of us, to any one or more of the Participants shall be deemed to be given, made or done to all of them; (iii) we shall be entitled to treat any Participant as duly and fully empowered to act on behalf of all unless and until notice to the contrary thereof by any Participant is received by us. Accordingly, unless and until so notified, we shall be entitled to treat any notice or referral to, or notice, instruction, approval, acquiescence or selection given or made by, or other thing done to or by such Participant (or purporting to be so done and believed by us to be genuine) as being given, made or done to or by all the Participants. We shall not be liable for acting as aforesaid notwithstanding that the Participant(s) was/were not property authorized or that his/her/their authority has ceased; (iv) on the death of a Participant, we shall be entitled to treat the survivor(s) as the only person(s) entitled to or interested in the assets comprised in the Account and in any credit balances in accounts comprised in the Account and to give instructions to us; (v) on the death of the last survivor of the Participant Clause 3.8 shall apply as if reference to the Client were to the last survivor.
4.1 Initial charges: There are no initial charges levied by the Company
4.2 Annual Investment Management charges
There is a Charge of 1,00% each year of the fund value of your Account (using the selling price of the investments plus any cash held in the Account). This will be taken proportionately on 28th January, 28th April, 28th July and 28th October each year, or nearest preceding working day and will be subject to VAT. Other charges may apply to each fund as set out by the custody/trust and administration service providers.
5.1 In the event of the death of the Client, the authority of the Company to manage the Client’s portfolio shall continue until such time as the Company shall receive formal documentation and written instructions from the Client’s legally appointed executor(s) in accordance with clause 3.3.
6. INVESTMENT OBJECTIVES
The Client’s investment objective in becoming a party to this agreement (‘the Agreement’) is described below with reference to the chosen Portfolio(s) (the ‘Portfolio’) indicated. These portfolios will not contain investments that are not included in the Investment Policy segment of their Prospectus or in the case of individually managed portfolios in the Investment Policy agreement. The Company will not accept investments into these portfolios that place restrictions on the type of funds into which investments are switched.
7.1 These Terms and Conditions will be governed by the law of the Republic of Cyprus.
8.1 We have established rules and procedures for the handling of complaints in accordance with regulations laid down by the CySEC. Any complaint should be made in writing to us at our head office marked for the attention of the Compliance Officer. If you are not happy with the way in which your complaint is handled, then you have the right to refer the matter to the CySEC.
PLEASE REMEMBER THESE INVESTMENTS ARE INTENDED AS LONG TERM INVESTMENTS AND IF YOU WITHDRAW IN THE EARLY YEARS YOU MAY NOT GET BACK WHAT YOU ORIGINALLY INVESTED. YOU ALSO NEED TO UNDERSTAND THAT THE VALUE OF YOUR INVESTMENTS CAN GO DOWN AS WELL AS UP.