17. Investment Business
17.1 If Your services are unregulated or exempt regulated and are provided by one of Our ICAEW Regulated companies (see here), Investment business is regulated under the Financial Services and Markets Act 2000, unless otherwise exempt. However, as We are licensed by the Institute of Chartered Accountants in England and Wales, We may be able to provide certain investment services where these are complementary to or arise out of the professional services, We are providing to You. Non FCA regulated businesses regulated by ICAEW (see here) in the Group hold a DPB (Investment Business) licence which gives accountancy firms the opportunity to provide complementary advice to their clients on certain financial services matters. We refer to these as exempt regulated activities (ERAs).
17.2 If Your Services are provided by one of Our ICAEW Regulated companies (see here) the company is not authorised by the Financial Conduct Authority. However, We are included on the register maintained by the Financial Conduct Authority so that We can carry on insurance mediation activity, which is broadly the advising on, selling and administration of insurance contracts. This part of Our business, including arrangements for complaints or redress if something goes wrong, is regulated by The Institute of Chartered Accountants in England and Wales. The register can be accessed via the Financial Conduct Authority website here. All regulated services are provided by Our FCA regulated companies.
17.3 For non Corporate Finance Services provided to You, such services may include:
- explaining and evaluating the advice received from a financial adviser,
- identifying unsuitable advice from a financial adviser,
- endorsing the advice, You receive from a financial adviser
in the unlikely event that We cannot meet our liabilities to You, You may be able to claim compensation under the Chartered Accountants’ Compensation Scheme in respect of exempt regulated activities undertaken. Further information about the scheme and the circumstances in which grants may be made is available on ICAEW's website.
17.4 If, at Your request, We undertake regulated investment activities such work will be subject to separate engagement terms or Schedule of Services. We do not undertake regulated corporate finance activities.