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Active Funds ICAV

Active Funds ICAV - Warnung CBI Ireland - 2017-Aug-01



Central Bank of Ireland Issues Warning on Unauthorised Firm 1 Aug 2017 Press Release Warning It has recently come to the Central Bank of Ireland’s (‘Central Bank’) attention that a firm, calling itself Active Funds ICAV (www.activefunds.co.uk), has been operating as an investment firm in the State in the absence of an appropriate authorisation. This unauthorised firm has cloned the details (name and address) of a Central Bank authorised and regulated firm of the same name. It should be noted that there is no connection whatsoever between the Central Bank authorised firm Active Funds ICAV and the unauthorised entity that has cloned its details. It is a criminal offence for an unauthorised firm to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing. Consumers should be aware that, if they deal with a firm which is not authorised, they are not eligible for compensation from the Investor Compensation Scheme. Certain unauthorised firms "cold call" or email consumers and offer such consumers financial services (e.g. the opportunity to purchase shares in another company). These firms will often have cloned the details of a legitimately authorised firm and will quote a "registration/authorisation" number, which is in fact, the registration/authorisation number of a legitimately authorised entity. Consumers who have been cold called/emailed and offered financial services should make additional checks to ensure that the firm they are dealing with is the legitimately authorised firm. Consumers should contact the regulatory authority that the firm has advised it is authorised by and check that the contact details for the firm, that are held by the regulatory authority, match those provided by the firm who has cold called/emailed them. 2017-08-22, https://www.fca.org.uk/news/warnings/active-funds-icav-clone: Active Funds ICAV (clone) Warnings Published: 22/08/2017 Last updated: 22/08/2017 Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details. You can find out more about this scam tactic and how to protect yourself from clone firms. Clone firm details Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Active Funds ICAV (clone of FCA authorised firm) Address: 5 George’s Dock, IFSC, Dublin 1, Ireland Tel: +44 203 617 8298 Email: info@activefunds.co.uk Web: www.activefunds.uk; www.activefunds.co.uk Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm. FCA authorised firm details This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are: Name: Active Funds ICAV Firm Reference numbers: 767820 and 767821 Addresses: 5 George's Dock, IFSC, Dublin 1, Ireland George’s Court, 54-62 Townsend Street, Dublin 2, Ireland (Fund administrator) How to protect yourself We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us. If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register (link is external). If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768. There are more steps you should take to avoid scams and unauthorised firms. You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong. Report a clone firm If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form. What to do if your firm is cloned If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.