Regulatory information from Stockbrokers in Salisbury

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Regulatory information

Authorisation

Farley & Thompson LLP is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority (FCA). Our registered address is Pine Grange, Bath Road, Bournemouth BH1 2NU.

Client assets

The majority of investments held for clients are registered in the name of our nominee company which is wholly owned and guaranteed by Farley & Thompson LLP. These assets are segregated from the assets of the company and are subject to regular reconciliation according to the rules of the FCA. We hold the investments in trust on your behalf and they remain your property at all times. In the case of overseas shareholdings, unit trusts, OEICS and other non-listed instruments we may use a special custodian where these investments are held in trust on behalf of Farley & Thompson.

Client money

Client money is held in trust and placed on deposit for you. At all times it remains your money and is ring-fenced from the assets of Farley & Thompson and kept strictly segregated in accordance with the rules of the FCA. Your money is pooled with that of many other clients and placed on deposit with the Lloyds Banking Group.


With certain exceptions depositors in banks regulated by the FCA are entitled to compensation of up to £75,000 and it is our understanding that joint depositors are each eligible for £75,000 compensation. The FCA rules provide that client funds held in trust are treated as if deposited directly by the client with the bank and on this basis, your deposit held via Farley & Thompson would be aggregated with any money you hold directly with the same institution to determine your total deposit.

Complaints and the Financial Services Ombudsman

Under FCA rules the firm must maintain a formal complaints procedure, a full copy of which is available upon request from the Compliance Officer. Complaints should be addressed to: The Compliance Officer, Farley and Thompson LLP, Pine Grange, Bath Road, Bournemouth, BH1 2NU.

Conflicts of Interest

FCA rules require us to maintain a Conflicts of Interest policy, identifying circumstances that might constitute or give rise to a conflict of interest that may materially damage the interests of one or more clients. Our full Conflicts of Interest policy is available within the Downloads section of this website.

FSCS

Farley & Thompson is a participant in the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000 which, subject to certain exceptions, is the UK’s statutory fund providing limited compensation in respect of eligible liabilities. Full details of the scheme are available from the FSCS website which can be accessed via the Links section.

Money Laundering

Under money laundering regulations we are required to obtain evidence of an investor's identity. The services we will provide are subject to satisfactory documentary evidence of identity. In addition, we may use electronic data to verify ID and address details at credit reference and fraud prevention agencies.

Order Execution policy

We are required to have in place an Order Execution Policy and to take all reasonable steps to obtain the best possible result ('best execution') on behalf of retail clients in financial instruments as defined under MIFID. The full terms of this policy can be found in our Terms of Business as well as the separate Best Execution policy located in the Downloads section of this website.

Pillar 3 disclosures

The Capital Requirements Directive is the framework for implementing Basel II in the European Union. It sets out certain capital adequacy standards to be implemented and audited by regulated firms in conjunction with risk management controls. A copy of the Farley & Thompson disclosure is available upon request.

RDR

Following the introduction of the Retail Distribution Review (RDR) our execution only, advisory and discretionary management services are classified as 'restricted'- meaning that we provide specialist advice on a limited range of investments. We will not consider the 'whole of market' as defined by the RDR and our advice will be restricted to direct investments such as equities, gilts, and other corporate bonds as well as collective investments such as unit trusts and OEICS (open ended investment companies). We will not provide clients with a broader overview and analysis of their financial planning requirements, such as life and pension products, although we will endeavour to provide suitable advice in the context of the investments on which we advise.


Also under the terms of the RDR all advisors must be qualified to 'level 4' exam standard and undertake a minimum of 35 hours of Continuing Professional Development (CPD). All Farley & Thompson stockbrokers have achieved the minimum level of qualification or higher and undertake the required level of CPD which is audited annually by the Chartered Institute for Securities & Investment.

TCF

Treating Customers Fairly (TCF) is part of our culture at Farley & Thompson. We are dedicated to ensuring you receive clear information and suitable advice. If you feel you have not received an acceptable service then please contact us immediately either by email or by telephone. A full copy of our complaints procedure is available from the Compliance partner upon request.

Disclaimer

Please note that the value of your investments and the income from them may go down as well as up and may be affected by exchange rate movements between currencies. Your capital is always at risk and you could get back less than you invested. Past performance is not necessarily a guide to future performance.

Any information relating to tax allowances or thresholds is dependent upon personal circumstances and prevailing legislation and is subject to change.

The services referred to in this website may not be suitable for all investors. Before taking any action based upon the content of this website you should speak to us or your financial adviser, accountant, solicitor or other professional adviser.