ACD / Manager
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The Authorised Corporate Director of Liontrust Investment Funds ICVC, Liontrust Sustainable Future ICVC and the Authorised Fund Manager of the Unit Trusts is Liontrust Fund Partners LLP. The Authorised Corporate Director of Liontrust Investment Funds I ICVC, Liontrust Investment Funds II ICVC, Liontrust Investment Funds IV ICVC and the Authorised Fund Manager of the Liontrust Balanced Fund is Liontrust Investment Management Limited.
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Act
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The Financial Services and Markets Act 2000 as amended by the Financial Services Act 2012 and any subsequent legislation or any regulation made there under, as amended or re- enacted from time to time.
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AML
Requirements
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The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)
Regulations 2017, Proceeds of Crime Act 2002, Terrorism Act 2000, FCA Rules and Joint Money Laundering Steering Group Guidance Notes, all as may be amended or replaced from time to time.
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Applicable Laws
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All applicable laws, regulations, guidance or codes of conduct which are relevant to the obligations under these Terms, including without limitation, the Act, the FCA’s Handbook of Rules and Guidance (the “FCA Rules”, in particular the Conduct of Business Sourcebook, or “COBS”, the Collective Investment Scheme Sourcebook or “COLL” and the Client Asset Sourcebook, or “CASS”), the Individual Savings Account Regulations 1998, any applicable data protection laws including the Data Protection Act 1988 and Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (the “Data Laws”), the UK Bribery Act 2010 (the “Bribery Act”) , the Anti-Money Laundering Requirements, the International Tax Compliance (United States of America) Regulations 2013, and the HMRC Guidance thereon and the intergovernmental agreement between the UK and the US relating thereto (“FATCA”), the International Tax Compliance Regulations 2015 which implement in the UK the OECD’s common reporting standards (the “CRS”), the Modern Slavery Act 2015, the Criminal Finances Act 2017 and the revised Markets in Financial Instruments Directive (being Directive 2014/65 EU and Regulation (EU) No 600/2014 (“MiFID II”), in each case as amended from time to time.
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Authorised
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The status accorded thereto envisaged by Section 19 of the Act, whether relating to a person, partnership, unincorporated association or body corporate.
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Business
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The business of engaging in one or more of the activities described in Schedule 2 Part I of the Act in relation to Investments.
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Client
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A person or company who is an applicant for Business, who seeks to establish a “business relationship’ carrying out transactions on a frequent basis, or an occasional customer undertaking a ‘one-off’ transaction.
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Client Money
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Money which is “client money” for the purposes of the FCA Rules.
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Client Money Account
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A bank account which meets the requirements of CASS Rules within the FCA Handbook.
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Dealing Day
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Has the meaning set out in the relevant Prospectus for each of the Funds.
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Execution-only
broker
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An intermediary that introduces business to Liontrust on the basis that no personal recommendation or investment advice has been given to any investor and the intermediary merely transmits the investor’s orders to Liontrust.
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Execution-only
transaction
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A transaction in a Liontrust product affected by an Intermediary who has given no investment advice or personal recommendation to the investor and merely transmits the investor’s orders to Liontrust.
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FCA
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The Financial Conduct Authority of 25 The North Colonnade, Canary Wharf, London E14 5HS, or any successor.
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Funds
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Liontrust Investment Funds ICVC’s sub-funds, Liontrust Investment Funds I ICVC’s sub-funds, Liontrust Investment Funds II ICVC’s sub-funds, Liontrust Investment Funds IV ICVC’s sub-funds and Liontrust Sustainable Future ICVC’s sub-funds, each a “Fund” and any Unit Trusts where Liontrust has been appointed the Manager. (each a “Fund”)
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Intermediary
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An individual, partnership or company which is independent of Liontrust carrying on Business in relation to Investments and is authorised in the UK to carry on such Business under the Act.
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Investment
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Shares or Units held in the Liontrust Funds.
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ISA, JISA and APS ISA
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means a Stocks and Shares Individual Savings Account or Junior Stocks and Shares Individual Savings Account or Additional Permitted Subscription Individual Savings Account.
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KIID
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The Key Investor Information Document for the Funds, the current versions of which are available via the Website.
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Legacy business
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Business introduced by the Intermediary before 31 December 2012.
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Liontrust
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Either Liontrust Fund Partners LLP (“LFP”) or Liontrust Investment Management Limited (“LIML”) depending on the context.
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Prospectus
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The prospectus of the Funds, the current versions of each of which is available via the Website.
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Settlement Day
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The time on which payment is due, which is 4 working days after the dealing day for a purchase or 4 working days after receipt of an acceptable renunciation signed by all account holders for a redemption.
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Shares or Units
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Shares or Units in a Fund in respect of which Liontrust acts as the ACD or Manager.
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SID
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The Supplementary Information Document for the Funds, which is available via the Website.
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Terms
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These terms of business, which form an agreement between Liontrust and the Intermediary.
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Administrator
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A company, or companies, appointed by Liontrust to undertake various administration duties on its behalf.
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Website
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Liontrust’s website at: www.liontrust.co.uk
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