Compliance & Governance

COMPLIANCE AND GOVERNANCE

CWM Funds as a company adheres to a strict code of practice on how we contact and communicate with potential investors.

Every investor must self-certify as a High Net Worth or Sophisticated investor (if appropriate) before any information can be sent to you.

Please see below the exact declarations for the only types of investors the Issuer deals with.

STATEMENT FOR CERTIFIED HIGH NET WORTH INDIVIDUAL

I make this statement so that I can receive promotional communications that are exempt from the restriction on the promotion of speculative illiquid securities. The exemption relates to high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more. Annual income for these purposes does not include money withdrawn from my pension savings (except where the withdrawals are used directly for income in retirement).

I held throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include:

• the property which is my primary residence, or any money raised through a loan secured on that property; or
• any rights of mine under a qualifying contract of insurance; or
• any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled; or
• any withdrawals from my pension savings (except where the withdrawals are used directly for income in retirement).

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.

I am aware that it is open to me to seek advice from an authorised person who specialises in advising on speculative illiquid securities.