Regulatory Permissions
General
SME growth market
Our MTF operates as an SME Growth Market, aimed at promoting access to capital markets for small and medium sized enterprises (SMEs) and catering for the needs of SME issuers. As such, a minimum of 50% of issuers whose financial instruments are admitted to trading on Archax will be SME issuers at any point in time.
FAC registration under the 5th Money Laundering Directive
Archax was the first UK investment firm that obtained FCA registration under the 5th Money Laundering Directive in the UK. This registration allows us to apply innovative technologies to our trading infrastructures and the way we are trading regulated financial instruments.
Permissions to hold client money
Our FCA permissions allow us to securely hold client money and assets. We protect the money we hold on behalf of our customers in line with FCA rules. We do not lend this money or use it to finance our own business.
FCA permissions – What do they mean for Archax’s business?
Agreeing to carry on a regulated activity
This permission forms the basis for conducting all other permissions.
Arranging (Bring about) deals in investments
This permission is defined by arranging an activity without which a transaction would not take place. As an example, we make use of this permission when supporting our primary issuers with the placing of their financial instruments.
Making arrangements with a view to transactions in investments
This permission differs from ‘Arranging (bringing about) deals in investments’ in that the activity does not need to result in a transaction. We make use of this permission when leveraging on our broad business network to introduce business relationships relevant to our activities.
Arranging safeguarding and administration of assets
The safeguarding of assets involves the holding of assets on behalf of the legal owner. We safeguard our clients’ assets until such time where a trade has taken place, which is when we administer the transfer of the assets from one client to the other.
Dealing in investments as agent
This permission gives us the ability to execute a trade on behalf of a client.
Operating a multilateral trading facility (MTF)
This permission allows us to operate our trading platform for regulated securities.
MTF Regulated Business
MTF disclaimer
Archax Ltd is a private limited company registered in England and Wales under company number 11302455. Archax has its registered office at 10 Queen Street Place, London, EC4R 1BE, United Kingdom. Archax’s Chief Executive Officer is Graham Rodford, and the firm's Chairman of the Board of Directors is David Buckley.
Archax Ltd is authorised and regulated by the Financial Conduct Authority (“FCA”) as a UK investment firm with permissions to operate a Multilateral Trading Facility (“MTF”). Archax Ltd is on the FCA Financial Services Register with firm reference number (“FRN”) 838656. Additionally, Archax Ltd is listed on the FCA’s Cryptoasset Register. Under UK law, Archax is governed by the Financial Services and Markets Act (“FSMA”) 2000. Those who gain access to the Archax website are responsible for compliance with applicable laws and regulations.
When dealing in regulated products on Archax, investors may be protected by the Financial Services Compensation Scheme (FSCS), and may be able to address complaints to the Financial Ombudsman Service (FOS).
Risk disclosure
Before trading on the Archax MTF, clients must ensure to have read the MTF Rulebook, fee schedule, terms and conditions and the below risk disclosure.
Archax Ltd operates an SME Growth Market trading units, transferrable securities and money-market instruments. Trading in these instruments involves variable degrees of market risk and may not be suitable for all investors. As with all investing, capital may be at risk and there is no guarantee on the return of your money.
Market risk
Investing in securities exposes you to risks associated with fluctuations in the value of an asset(s).
Liquidity risk
Instruments admitted to an SME Growth Market can may have less liquidity than those on other markets. This may impact order executions.
Currency risk
If holding investments in a foreign currency, movements in exchange rates may affect the value of your investment.(s).
Crypto Business
Cryptocurrencies disclaimer
Please be aware, you are trading in cryptocurrencies at your own risk. Cryptocurrencies are considered risky, speculative assets and investing in them, as with all investments, can result in a loss of all or part of your investment. As with investment products, trading venues cannot guarantee the value or stability of any instrument, including cryptocurrencies due to changes in market volatility and liquidity. Archax encourages all investors to never trade more than you can afford to lose.
Before dealing in cryptocurrencies, you should carefully consider the risks involved and assess whether it is suitable for you. Relevant factors to consider include your financial situation, trading experience, and risk tolerance. If for any transaction you feel you do not fully understand the terms, conditions, or risks involved, you should reconsider trading in this instrument.
The FCA requires all firms carrying out cryptoasset activities in the UK to be registered on the cryptoasset register. This register certifies firms as having met the required Money Laundering Regulation standards and includes Archax Ltd.
Although cryptoasset firms must be registered with the FCA, cryptocurrencies do not fall under the scope of regulated financial instruments. As such, investors are not covered by the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS).
It is important to be aware that UK consumers are being increasingly targeted by cryptoasset-related investment scams promising high returns. Recently, Archax has become aware of firms attempting to clone the Archax website and company name. We advise you to always be vigilant when accessing cryptoasset websites/services and carry out sufficient research into the legitimacy of a firm before handing over your money. The following sites may prove helpful in assessing whether a firm has the correct authorisations/registrations to carry out their proposed services:
Complaints policy
Archax commits itself fully to providing customers with the highest standard of service at all times. However, if for any reason you have a concern about our services, we welcome you to submit a complaint so that we can better understand and address your concern, as well as improve our services. Complaints can be made to our Complaints Officer Ben Brown via:
| Post: | 10 Queen Street Place, London, EC4R 1BE, United Kingdom |
| Phone: | +44 2030342780 |
| Email: | enquiries@archax.com |
All complaints received will be treated seriously, investigated thoroughly and wherever possible remedied promptly. In general, we aim to provide a full response to your complaint within fifteen working days of its receipt. However, in some instances it may take longer to process your request, for example if we are required to reach out to additional parties. In these cases, we will inform you on the status of your request process and provide updates accordingly. If after investigating your complaint we feel we are unable to help you, we will provide you with an explanation of why we believe this to be the case. If you would like to take your complaint further, you may escalate the matter to the Financial Ombudsman Service (FOS) at www.financial-ombudsman.org.uk. However, please note that you will be unable to submit complaints to the FOS on any matter relating to unregulated cryptocurrencies and cryptoassets.