Legal & Compliance

MIFIDPRU 8 Disclosure

Regulatory Information and Website Terms and condition

This website, located at https://www.futurevaluecapital.com (the “Site”) is operated, communicated by, and is the property of Future Value Capital LLP, a limited liability partnership registered in England and Wales with Companies House number OC359493, and whose registered office is at 167-169 Great Portland Street, London, England, W1W 5PF.

For the purpose of these terms and conditions of use, Future Value Capital LLP and any subsidiary, parent, or otherwise affiliated undertaking shall be collectively referred to as “Future Value Capital”, “we”, “our”, or “us”. The terms “you” and “your” refer to any user of the Site.

Please read the following information carefully before using this Site.

By entering this website you agree that you have read and accepted these terms and conditions and the restrictions governing the use of the Site under applicable laws and regulations (the “Agreement”). Future Value Capital may suspend your use of this Site immediately if you do not comply with the Agreement.

If you do not agree to the terms and conditions set out herein, you must not use our Site and you should exit this webpage now.

Identification

Future Value Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA) with FRN: 537103.

Future Value Capital Spain S.L. is a limited liability company registered in Spain under number B09783945 whose registered office is at Calle de José Abascal, 41 28003 Madrid. Future Value Capital S.L. is entitled to exclusively engage in investment brokerage (by promotion of the potential investor's willingness to enter into a transaction but excluding the reception and transmission of orders) to professional clients as defined in Annex II of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II) and as implemented in the respective national legislation of the relevant Member State. Future Value Capital S.L. is only allowed to provide its service according to Article 29(3) of MiFID II and as implemented in the respective national legislation for the account and under the liability of ACOLIN Europe AG, Reichenaustrasse 11 a-c, 78467 Konstanz, authorised and regulated by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and is entered in the public register of tied agents held by Comision Nacional del Mercado de Valores (CNMV) in Spain.

Future Value Capital is deemed to be the distributor of financial promotions in the UK, Ireland and Switzerland and Future Value Capital Spain S.L. is deemed to be the distributor of financial promotions for EU/EEA clients.

Restricted Access

All persons who access this Site are required to inform themselves of and to comply with all applicable sales restrictions in their home country. Access to this Site and any information on the Site (including without limitation information relating to any fund described on this Site (each a 'Fund') is not directed at any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) it is prohibited to access the Site or direct such information for any reason. If you are a person in a jurisdiction in which such prohibitions apply you must not access this Site. If you are a person located in any jurisdiction where there are restrictions on the type of person who may access information relating to unregulated Funds then, by accessing, you will be undertaking, warranting and representing to Future Value Capital, that you are not causing Future Value Capital to breach any of those restrictions by your accessing of those parts of the Site. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

Access to any restricted area of this Site requires possession of a valid password and no other person should attempt to gain access to it. You must keep your password confidential. You are solely responsible for maintaining the confidentiality and security of your password. You accept full responsibility for any use of your password. Your right to use the Site is subject to your agreement to abide by this Agreement in its entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site. At any time and for any reason we may revoke your right to use all or any portion of this Site.

Disclosure

The information contained on this Site is exempt from the scheme promotion restriction as set out under section 238 of the Financial Services and Markets Act 2000 of the United Kingdom (the “Act”) upon the communication of invitations or inducements to participate in unrecognised collective investment schemes, on the grounds that it is being issued to and/or directed at only the types of persons referred to above.

In the EU/EEA, the marketing of financial products and specifically UCITS is governed by Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS Directive) and Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings and amending Regulations (EU) No 345/2013, (EU) No 346/2013 and (EU) No 1286/2014 (UCITS Regulations).

The material contained on this Site, which is a financial promotion and marketing communication, is issued in the United Kingdom and in the EEA by Future Value Capital and is issued only to and/or directed only at persons who are professional clients or eligible counterparties for the purposes of Article 24 and Annex II of MiFID II, Article 45 of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (MiFID Org Regulations), and the Conduct of Business Sourcebook as set out in the FCA Handbook.

Accordingly, the opportunity to invest in the Funds or to participate in any other investments to which this material relates is only available to professional clients or eligible counterparties and this material must not be relied on or acted upon by any other persons.

No Offer or Advice

This material is provided for information purposes only and does not constitute an invitation or offer to subscribe for or purchase interests in the Funds. The Site is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such solicitation or offer. Any decision to purchase securities or interests with respect to any of the Funds described on this Site must be based solely upon the information contained in the Prospectus.

The material contained on the Site is not intended to constitute, and should not be construed as, investment advice and the information herein is not provided in a fiduciary capacity. Potential investors in the Funds should seek their own independent financial advice. Future Value Capital neither provides investment advice to, nor receives and transmits orders from, investors in the Funds nor does it carry on any other activities with or for such investors that constitute 'MIFID or equivalent third country business' for the purposes of the rules set out in the FCA Handbook. The Site does not allow visitors to make investments in any of the Funds. If you require additional information, you should contact appropriate Future Value Capital personnel.

Risk Notice

Future Value Capital wishes to draw your attention to the following. You should appreciate that the value of interests in any Fund, and any income from them, may go down as well as up and that if you choose to invest in any Fund, your capital will be at risk and you may therefore lose some or all of any amount that you choose to invest. Past performance should not be seen as an indication of future results. Changes in rates of exchange between the base currency and the currency in which the investments of any Fund are denominated may additionally cause the value of the interests to go up or down. The material set out on the Site is provided for convenience and information purposes only and is subject to change without notice.

The investments covered in this material may not be dealt on a recognised or designated investment exchange for the purposes of the Act, MiFID II, and associated or derived legislation and statutory instruments implemented by the relevant EU/EEA Contracting States, it may therefore be difficult for an investor to dispose of such investments otherwise than by way of redemption or to obtain reliable information about the extent of the risks to which his investment is exposed.

All the opinions, forecasts, estimates and comparable information given in this material are the non-binding opinions of our research personnel and neither Future Value Capital nor any of its partners, officers and/or employees and affiliates makes any guarantees, representation, or warranty, nor does any person accept any responsibility or liability for any loss or profit, indirect or other consequential losses or other economic losses suffered by any person arising from reliance upon any information, statement or opinion contained in this material (whether such losses are caused by the negligence of such person or otherwise).

Copyright

The contents of this Site may not be reproduced or redistributed without the written consent of Future Value Capital. Any unauthorised reproduction or use of the Site or the information presented therein may be the subject of prosecution, particularly for infringement of copyright.

Unless stated otherwise, the information, materials, logos and images contained in this Site (including without limitation the screen displays, the content, the text, graphics and look and feel of the Site) are the property of Future Value Capital, with all rights reserved. You may download or print out a hard copy of such individual pages and/or sections of the Site as you may reasonably require provided that this is for private, non-commercial or domestic use only and that you do not remove any copyright or other proprietary notices. You also agree that any downloading or other copying from the Site will not transfer title to any software or material to you.

Trademarks

Future Value Capital does not give persons accessing the Site permission to use any trademark contained in the Site. Unauthorised use of any trademark may constitute an infringement of the relevant owner's rights.

No Text or Data Mining, or Web Scraping

You shall not conduct, facilitate, authorise or permit any text or data mining or web scraping in relation to our Site or any services provided via, or in relation to, our Site. This includes using (or permitting, authorising or attempting the use of):

• Any "robot", "bot", "spider", "scraper" or other automated device, programme, tool, algorithm, code, process or methodology to access, obtain, copy, monitor or republish any portion of the Site or any data, content, information or services accessed via the same.
• Any automated analytical technique aimed at analysing text and data in digital form to generate information which includes but is not limited to patterns, trends and correlations.

The provisions in this clause should be treated as an express reservation of our rights in this regard, including for the purposes of Article 4(3) of Digital Copyright Directive ((EU) 2019/790).

This clause shall not apply insofar as (but only to the extent that) we are unable to exclude or limit text or data mining or web scraping activity by contract under the laws which are applicable to us.

Accuracy of Information

No representation, warranty or undertaking, either express or implied, is given as to the accuracy or completeness of the information contained in the Site by Future Value Capital or any of its associated companies and no liability is accepted by such persons for the accuracy or completeness of such information. All information may be changed or amended and the format redesigned at any time without prior notice and without liability. Future Value Capital does not undertake to update this Site regularly.

We provide no warranty that the Site will be available at any time and we may also suspend the Site at any time without notice or liability.

No Liability

Save in respect of liability for death or personal injury arising out of negligence or for fraudulent misrepresentation, Future Value Capital and its associated companies hereby disclaim to the fullest extent permitted by law all liability for any loss or damage including any direct, indirect, special, punitive or consequential damages, losses, costs or expenses incurred by you, whether arising in tort, contract or otherwise, and arising out of or in connection with your access to or use of, or inability to use, the Site or use of any information on the Site, including, without limitation, any loss of profits, business interruption, loss of programs or data on your equipment, or otherwise, even if Future Value Capital is expressly advised of the possibility or likelihood of such damages. This does not exclude or restrict any duty or liability that Future Value Capital has to its customers under the regulatory system of the applicable jurisdiction.

Indemnity

You agree to indemnify, defend, and hold harmless Future Value Capital, its affiliates and licensors, and the officers, partners, employees, and agents of Future Value Capital and its affiliates and licensors, from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use of this website and the information contained on this site.

Links to External Websites

The Site may contain links to or from other websites over which Future Value Capital has no control. Such links to external websites are for your convenience only and any access to such websites shall be at your own risk. For the avoidance of doubt, Future Value Capital is not responsible for the content of any linked websites and does not endorse any such linked websites.

Malware

We do not guarantee that our Site will be secure or free from bugs or viruses.

You are responsible for configuring your information technology, computer programmes and platform to access our Site. You should use your own virus protection software.

You must not misuse our Site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorised access to our site, the server on which our Site is stored or any server, computer or database connected to our site. You must not attack our Site via a denial-of-service attack or a distributed denial-of service attack.

By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our Site will cease immediately.

Severability

If any part of this Agreement is, at any time, found to be invalid by a court, tribunal or other forum of competent jurisdiction, or otherwise rendered unenforceable, that decision shall not invalidate or void the remainder of this Agreement. This Agreement shall be deemed amended by modifying or severing such part as necessary to render it valid, legal and enforceable whilst preserving its intent or, if that is not possible, by substituting another provision that is valid, legal and enforceable that gives equivalent effect to the parties' intent. Any such invalid or unenforceable part or parts shall be severable from this Agreement in any other jurisdiction and the validity of the part(s) in question shall not be affected thereby.

Assignment

You may not assign, sub-licence or otherwise transfer any of your rights under this Agreement.

Governing Law

You agree that your use of this Site and any dispute arising from the use of this Site (whether contractual or non-contractual) is governed by and shall be construed in accordance with the laws of England and Wales and you submit to the exclusive jurisdiction of English courts.

If you access the Site from outside the United Kingdom or the EU/EEA, you are responsible for ensuring compliance with local laws relating to accessing this Site.
Commitment to the UK Stewardship Code

Future Value Capital acts as (i) an investment adviser to a small group of professional clients and (ii) a distributor of certain fund products from time to time. While we are not subject to its provisions, we welcome the Financial Reporting Council’s initiative in publishing the UK Stewardship Code (the “Code”).

The Code aims to enhance the quality of engagement between institutional investors and companies so as to help improve long-term returns to shareholders and the efficient exercise of governance responsibilities. It sets out good practice on engagement with investee companies and should be applied by firms on a ‘comply or explain’ basis.

We support the Code’s objectives and will take reasonable steps to implement its seven principles where relevant to our activities and operations.