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Dabbl Group Limited: Risk Disclosure Notice

Introduction

This notice provides you with information about the risks associated with investment products, which you may invest in through services provided to you by Dabbl Group Limited (‘Dabbl’).

Dabbl Group Limited is an Appointed Representative (Financial Conduct Authority (“FCA”) Firm Reference Number: 767263) of its Principal Firm, VIBHS Financial Limited (FCA Firm Reference Number: 613381), who are authorised and regulated to conduct designated investment business in the UK by the FCA. The FCA’s registered address is 25, The North Colonnade, Canary Wharf, London E14 5HS. Our registered address is The Old Chapel, Union Way, Witney OX28 6HD. Our contact details are teamdabbl@dabblinvest.com.

All financial investments involve an element of risk. The value of your investment may fall as well as rise and you may get back less than your initial investment.

This notice provides a general description of the risks of the products that you can trade through the services provided by Dabbl.

This notice does not explain all the risks involved in investment products or how such risks relate to your personal circumstances.

It is important that you fully understand the risks involved before deciding to enter into a Transaction.

If you are in any doubt about the risks involved, you should seek professional advice because if you choose to conduct a Transaction it is important that you remain aware of the risks involved, that you have adequate financial resources to bear such risks and that you monitor your positions carefully.

This applies from 1 February 2018.

General

Our share dealing service allow you to instruct us to buy or sell financial instruments (Shares and Exchange Traded Products) on your behalf.

All instruments offered through our Share Dealing Services are listed on an exchange, which means that the prices are not set by us. We will act on any instruction that you provide us to buy or sell an instrument on your behalf in accordance with our obligation to provide best execution as set out in our order execution policy, to act reasonably and in accordance with the applicable Customer Agreement. We may place your instructions to deal outside of an exchange if this satisfies our order execution policy.

As part of our service, we will arrange for the custody of your instruments.

All investments purchased for you or transferred to us by you into your Account will be purchased in the name of and/or held by a nominee company selected by us, for the benefit of you.

As investments will be held in the name of a nominee company, you may not have voting rights which you would have had if you held the investment in your own name.

All financial investments involve an element of risk. The value of any investment you make through our Share dealing services may fall as well as rise and you may get back less than your initial investment. Past performance is not an indication of future performance.

Risks

The risks you are exposed to will vary according to the instruments you instruct us to buy and sell on your behalf. You should be aware that:

  • Physical shares admitted to trading on a regulated market are not high-risk financial products; and
  • Many Exchange Traded Funds (ETFs) are not high-risk financial products however, certain ETFs are considered high-risk financial products, normally due to their use of derivatives, and are not appropriate for many members of the public.

Currency Risk: If you trade in a market denominated in a currency other than your base currency, currency exchange fluctuations will impact your profits and losses.

Liquidity Risk: Under certain market conditions it may be difficult or impossible to liquidate a position. This may occur, for example, at times of rapid price movement if the price rises or falls in one trading session to such an extent that under the rules of the relevant exchange trading is suspended or restricted.

No Advice:

Execution only: Our services are provided on an execution only basis. We do not provide investment advice in relation to share dealing services or products available for you to trade through our share dealing services, such as Shares or ETFs. We sometimes provide factual information or research recommendations about a market, information about transaction procedures and information about the potential risks involved and how those risks may be minimised however, any decision to use our products or services is made by you.

Tax and Legal advice: You are responsible for managing your tax and legal affairs including making any regulatory filings and payments and complying with applicable laws and regulations. We do not provide any regulatory, tax or legal advice. If you are in any doubt as to the tax treatment or liabilities of investment products available through your Share Dealing Account you should to seek independent advice.

Appropriateness: Any decision to open an account and to use our products or services is yours. It is your responsibility to understand the risks involved with our products or services.

The instruments in which you can invest through our Share dealing services are considered ‘non-complex’ and are not high risk financial products however, because certain ETFs are considered high risk financial products, if we were to make these available to you we would be required to make an assessment of whether these products are appropriate for you, and to warn you if, on the basis of the information you provide to us, that they are not appropriate. We will do this before you are able to invest in these ETFs or high risk products.

It is up to you to assess whether your financial resources are adequate for your financial activity with us and your risk appetite in the products and services you use. We do not monitor this: nor do we monitor whether the amount of money you have sent to us or your profits or losses are consistent with your risk appetite.

Shares: Shares, known as equities, represent a portion of a company’s share capital. The extent of your ownership in a company depends on the number of shares you own in relation to the total number of shares in issue.

Shares are bought and sold on stock exchanges and their values can go down.

In respect of shares in smaller companies, there is an extra risk of losing money when such shares are bought or sold. There can be a big difference between the buying and selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them.

Shares in companies incorporated in emerging markets may be harder to buy and sell than those shares in companies in more developed markets and such companies may also not be regulated as strictly.

Need to monitor positions: It is important that you monitor all your positions closely. It is your responsibility to monitor your positions and during the period that you have any pending orders or Transactions, you should always have the ability to access your Accounts.

Communications: We offer you the opportunity to deal and communicate with us via electronic means, for example by our dealing platform and, in certain circumstances, by email or telephone. Although electronic communication is often a reliable way to communicate, no electronic communication is entirely reliable or always available. If you choose to deal with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.

In addition, your internet provider may drop which may mean that you cannot access your Account electronically.

Our services: Instructions to deal from you to us form a commitment which may only subsequently be revoked by you with our prior consent (such consent will not be unreasonably withheld) at any time before the instruction to deal is executed.

Pending orders: Pending orders are orders that have not been executed and therefore the price at which you are filled may vary from the price which you saw.

Aggregated orders: Aggregated orders are orders that have not been executed and will only be executed at a price at the time of the trade: therefore, the price at which you are filled may vary significantly from the price which you saw.

Exchange or clearing house protections; On many exchanges, the performance of a transaction by us (or third-party with whom we are dealing on your behalf) is ‘guaranteed’ by the exchange or clearing house and we may have the benefit of certain legal protections from our clearing member however, it is unlikely that in most circumstances this guarantee or legal protections will cover you, the customer, and may not protect you if we or, another party were to default on obligations owed to you.

Insolvency: The insolvency or default of us, VIBHS Financial Limited, Winterflood Securities Limited any other brokers involved with your transaction, may lead to positions being liquidated or closed out without your consent. In certain circumstances, you may not get back the actual assets that you have invested and you may have to accept any available payments in cash. On request, we will provide you with an explanation of the extent to which we will accept liability for any insolvency of, or default by, other firms involved with your transactions.

Default: In the unlikely event of Dabbl, VIBHS Financial Limited and/or Winterflood Securities Limited suffering a financial default and not being able to meet its obligations, VIBHS Financial Limited is a member of the UK Financial

Services Compensation Scheme which covers the first £50,000 of any relevant claim. Whether you are able to claim depends on the type of business and your personal circumstances.

Appointed Representative (“AR”) status: Dabbl is an AR of VIBHS Financial Limited. In the unlikely event of VIBHS Financial Limited losing its authorised status with the FCA or being sanctioned by the FCA, we may lose our ability to provide you with on-going services.

Tax: We do not provide tax advice and if you are in any doubt as to your tax obligations, you should seek independent advice.

Regulatory and Legal Risk: The risk that a change in laws and regulations will materially impact a security and investments in a sector or market. A change in laws or regulations made by the government or a regulatory body can increase the costs of operating a business, reduce the attractiveness of investment and/or change the competitive landscape and as such alter the profit potential of an investment. This risk is unpredictable and may vary from market to market. In emerging markets such risk may be higher than in more developed markets. For example, in emerging markets the inadequacy or absence of regulatory measures can give rise to an increased danger of market manipulation, insider trading or the absence of financial market supervision can affect the enforceability of legal rights.

February 2018

No part of this document may be reproduced in any form whatsoever without the previous written permission of Dabbl Group Limited. Copyright Dabbl 2018. All rights reserved

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© All rights reserved. Dabbl Group Limited is an appointed representative of VIBHS Financial Ltd, which is authorised and regulated by the Financial Conduct Authority, under the reference number 613381.© 2016 Dabbl Group Limited. Dabbl ® is the trading name of Dabbl Group Limited (Company no. 09145174) a company registered in England and Wales.

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