Staying the Right Side of the FCA
Financial promotions, collective investment schemes and the perimeter
The moment you invite other people to put money into your property projects, you approach a boundary the regulator calls the perimeter, and on the wrong side of it you may commit a criminal offence simply by sending the wrong message to the wrong person. This book explains that framework in plain English. It starts with the Financial Services and Markets Act 2000, then walks you through authorisation, exemptions and the two places property investors most often stumble across the line: collective investment schemes and financial promotions. You will see what your investor agreements must contain, and your duties to investors in place of the gas certificates and fire doors of other strategies. The tax chapter explains how the way money flows between you and your investors decides who pays tax on what. A compliance discipline to stop and check before you communicate and before you take money, and a sharp final chapter on the consequences, complete the book. Next in this series: “A Network That Funds You”.
What’s inside
- The legal framework in plain English
- Authorisation, exemptions and the regulatory perimeter
- The contracts, and what must be inside them
- Your duties to investors, and how you protect them
- Tax treatment and choosing a structure
- Your compliance checklist
- Getting this wrong: what it actually costs
Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.