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Regulatory information & terms and conditions
Securities Trust of Scotland plc
The information on this website is issued and approved by Martin Currie Investment Management Ltd (which may be referred to as Martin Currie or MCIM), the investment manager to Securities Trust of Scotland plc (also referred to as the trust or Securities Trust). MCIM is authorised and regulated by the Financial Services Authority.
MCIM is a wholly owned subsidiary of Martin Currie Limited. The information on this website does not in any way constitute investment, tax, legal or other advice. If you are in any doubt about any of the information on this website, please consult your financial or other professional adviser.
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Please read the information below. It contains the legal and regulatory information that you need to be aware of before receiving any further information regarding this trust, or the products offered by MCIM which give exposure to the trust, as referred to in this website.
The information contained within this website does not constitute an offer of, or an invitation to apply for, securities:
- In any jurisdiction where such offer or invitation is unlawful or
- In which the person making such offer is not qualified to do so or
- To whom it is unlawful to make such offer or solicitation.
The distribution of this information in written format is generally restricted to the UK. The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. But no representation or warranty, express or implied, is made to its accuracy or completeness. Any research or analysis contained in this website has been procured by MCIM for its own use. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.
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About the trust
The trust has an independent
Board of Directors, is listed on the London Stock Exchange and adheres to the UK
Listing Authority's rules. Please note that, as the shares in the trust are
traded on a stockmarket, the share price will fluctuate in accordance with
supply and demand and may not reflect the underlying net asset value of the
shares. Depending on market conditions and market sentiment, the spread between
the purchase and sale price can be wide. The trust may also borrow money in
order to make further investments. This is known as "gearing" and can enhance
shareholder returns in rising markets but, conversely, can reduce them in
falling markets.
Securities Trust of Scotland is registered in Scotland (number SC283272) and
has its registered office at Saltire Court, 20 Castle Terrace, Edinburgh EH1
2ES.
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Martin Currie products
MCIM is the manager of Martin Currie products and also offers a Share Exchange Service. This website and any other literature concerning these products are issued by MCIM alone and not as agent for the trust. MCIM is solely responsible for ensuring that these products meet the required regulatory standards. The trust or its directors will not be liable for any irregularity on MCIM's part in carrying out its responsibilities. Investments in these products can only be made in accordance with the terms and conditions outlined in the Key features document or other brochure material available at the time of investing. In the event of a dispute, FundsCircle investors will benefit from the rules and regulations of The Financial Services Compensation Scheme and have access to the Financial Services Ombudsman. Cancellation rights may also apply to certain investors.
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Anti-money laundering
MCIM must adhere to anti-money laundering legislation. This requires us to carry out identity verification checks. If we cannot verify you or your client's identity in accordance with the legislation, we reserve the right to refuse the investment. If the funds are invested prior to the identity checks being carried out, we will not release the proceeds until we receive adequate verification of you or your client's identity.
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Risk warnings
- Past performance is not a guide to future returns.
- The value of investments and the income from them may go down as well as up
and is not guaranteed. An investor may not get back the amount originally
invested.
- Changes in the rates of exchange may cause the value of investments to go up
or down.
- Where funds are invested in markets which may be considered 'emerging', then
the risk inherent in the trust is higher. Therefore, the trust is only
suitable for those investors who are prepared to accept the above average
volatility inherent in emerging market investment.
- Investment in derivative instruments, including futures, options or
contracts for differences, carries a high risk of loss, the markets in these
investments being highly volatile.
- As the shares in the trust are traded on a stock market, the share price
will fluctuate in accordance with supply and demand and may not reflect the
underlying net asset value of the shares. Depending on market conditions and
market sentiment, the spread between the purchase and sale price can be wide.
- The trust may borrow money in order to make further investments. This is
known as 'gearing' and can enhance shareholder returns in rising markets but,
conversely, can reduce them in falling markets.
Telephone calls
For your protection, telephone calls
are usually recorded.
FSA
If you would
like further information on the FSA, MCIM's regulator, you can access their
website at www.fsa.gov.uk
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Disclaimer and Limitation of Liability
We make no representations, warranties or undertakings about the information contained within the website. In addition, we make no such representations, warranties or undertaking about any website to which ours is linked and therefore you leave our website at your own risk.
You should note that there may be occasions during which our website becomes unavailable, through no fault of our own. There may indeed be occasions where we take our website offline in order to enhance and update it.
Due to the nature of the internet itself, we make no representations, warranties or undertakings as to the accuracy of the content of our website or as to whether any information you download is virus or error-free.
We cannot accept any liability for any damages whatsoever arising to you as a result of your use of our website.
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Data Protection Notice and Privacy
Policy
Any information which you provide us may be used by Martin
Currie and its subsidiaries. We collect personal information and other
information from you during your use of our website, some of which is
automatically collected. This allows us to monitor preference of our users and
aids us in improving our website to meet your needs. Martin Currie uses resident
cookies to store data on your hard disk for the purpose of identifying you
when you return to the Martin Currie website. If you have resident cookies
disabled in your browser you are still able to use the site but Martin Currie
you will not have the benefit of an automatic login.
In order to advise you of our products and services, we may collect personal
data from you from time to time and we may process that data. We do not collect
personal information about you from this website except where knowingly provided
by you. By providing us with such personal information we may use it to market
products or services we believe might be of interest to you. If you inform us
that you no longer wish to receive such marketing information we will not send
it.
You have the right to get a copy of the information we hold about you by
sending a written request to us. In order that we can do so, you may be required
to supply a valid means of identification as a security precaution to assist us
in preventing the unauthorized disclosure of your personal information. You are
also entitled to have Martin Currie modify or delete any information that you
believe is incorrect or out of date.
Martin Currie Investment Management is registered under the Data Protection
Act 1998 and complies with the Act in all our dealing with your personal
data.
By providing us with your personal information and other information you
consent to the transfer of such personal and other information to affiliated
companies of Martin Currie situated outside the European Economic Area but only
in the event that we believe this may be of benefit to you.
Copyright
This website and the
information contained within it is protected by copyright. Reproduction of all
or any part of this website or any information contained within it is prohibited
unless required for personal use.
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