“Important Notice Regarding Regulatory Requirements Imposed on MCI Global Investment Advisors Limited
The Financial Conduct Authority (FCA) has granted MCI Global Investment Advisors Limited’s (FRN 948996 (MCI) application to place requirements on it, which will impact the management of the Novus Black Fund Ltd (NBF) and Bespoke UK Capital Ltd (Bespoke). These regulatory actions are intended to protect the interests of investors.
Key Details of the Requirements:
1. Novus Black Fund UK Ltd (NBF):
No new activity will be conducted on any broker accounts held for NBF.
All open positions at brokers will be closed, including the netting off of any fully hedged positions.
Daily reporting of the broker account balances will be provided to the FCA until further instructions are received.
Broker balances will be transferred in accordance with FCA written instructions.
2. Bespoke UK Capital Ltd (Bespoke):
No new activity will take place in relation to Bespoke broker accounts.
Daily reporting of broker account balances will be provided to the FCA.
Instruct a transfer in relation to this broker balance in accordance with instructions to be provided by the FCA in writing.
More details of these requirements are available on MCI’s Financial Services Register entry at https://register.fca.org.uk/s/firm?id=0014G00002fd8htQAA.
A further update will follow in due course.
MCI Global Investment Advisors Limited”
At MCI, we are focussed on providing seamless effective services for both our Funds and Investors.
We do not hold client funds, so any money invested held by our Global Custodians.
Compliance is fundamental and monitored at a high standard.
OUR customers are the most important part of our business model and their needs paramount.
Investing involves risks, including the potential loss of capital. Past performance is not indicative of future results. Investments may fluctuate in value and may be affected by market conditions, economic factors, and regulatory changes. It is important to understand that you may not get back the amount originally invested. Investors should consider their investment objectives, risk tolerance, and seek professional advice before making investment decisions. MCI Global Investment Advisors Ltd is regulated by the FCA (FRN 948996), ensuring compliance with financial conduct standards.”
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