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This page sets out the Terms and Conditions of Use (Terms of Use) on which you may access investment research reports prepared by CrowdRating.

Please read these terms of use carefully before you access our investment research reports. You are required to acknowledge and agreed to the Terms of Use as a condition of using the investment research reports.

 

Who provides the CrowdRatings Service?

Wheatfromchaff Limited is an English company that trades under the brand name of CrowdRatings. References to “we”, “us” or “our” in these Terms of Use are to Wheatfromchaff Limited.

If there is anything you do not understand or you have a query please feel free to email your enquiry here or contact our customer services department on 01920 486440. Their opening hours are 9.30am to 5.30pm Monday to Friday, excluding public holidays. Please note that calls may be recorded and monitored to help improve our services.

Wheatfromchaff Limited is registered in England with company number 09328942, and VAT number: 214 0196 49. Our registered address is 7 Marsh Lane, Ware, Hertfordshire, England, SG12 9QL

Wheatfromchaff Ltd is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 751017 (for more information see http://register.fca.org.uk). 

 

Our Services

We prepare and publish investment research reports on businesses that are listed as seeking funding on the NextFin website. We are not obliged to prepare or publish reports and may choose which businesses we wish to cover.

The research we prepare is not independent and we do not charge investors for its production. We may charge the investment issuer to prepare a report on them. Please see the section below on conflicts of interest to understand how we manage the conflicts between the issuers, investors and our own interests.

Full details of Wheatfromchaff Ltd’s' complaints handling process for regulated services are available on request to customer services. If you are dissatisfied with our handling of a complaint relating to one of our regulated services, you may be entitled to refer the matter to the Financial Ombudsman Service (for more information see www.financial-ombudsman.org.uk).

In the event of a regulated company’s insolvency, you may be entitled to compensation from the Financial Services Compensation Scheme in relation to money we owe you in respect of the provision of our regulated services (for more information see www.fscs.org.uk).

Investment research contained in our reports constitutes investment advice whose production is subject to conduct of business requirements set by the Financial Conduct Authority. We will treat you as a retail client for the purposes of the Financial Conduct Authority’s rules. This is the category of client that receives the highest level of regulatory protections.

Our investment research is not personal to you and does not take account of your personal circumstances. We do not assess the suitability or appropriateness of any investment in light of your personal circumstances, including your knowledge and understanding, financial strength, tax liability or appetite for risk. We rely on Business Agent Limited, the operator of the NextFin website, to make any assessment of appropriateness that is necessary before arranging transactions in investments to which our reports relate. If you need guidance as to how to interpret our advice in light of your personal circumstances, you should seek independent advice from an appropriately qualified professional. You should also interpret our advice in light of the risk warnings and disclosures that are contained within it.

 

How do we get paid?

We do not charge investors for the investment research reports that we make available. We are an affiliate of Business Agent Limited, which operates the NextFin website and we prepare investment research reports in order to help investors make sense of the information that is publicly available in order to make investment decisions about investments available for purchase on the website. Business Agent Limited gets paid by reference to investment transactions that are arranged through the website.

We either prepare our investment research reports free of charge or we may get paid by the issuer of the investments to prepare a report. Where we get paid by the issuer, we will charge a flat fee of up to £5,000 + VAT.

 

How we manage conflicts of interest

Our commercial aim is to generate interest in investments on the NextFin website. We may get paid by investment issuers to prepare investment research reports. This means that our investment research reports are not independent. We manage the conflict between our interests (of generating deal flow through the NextFin website); the interests of issuers (in encouraging investment into their business); and investors as follows:

  • Where we get paid by issuers to prepare reports, we charge an up-front fixed fee which is not related to any investment activity in their securities;

  • We prepare our reports by reference to pre-determined standards and we will always attempt to provide an objective assessment of the report fields.

In order to achieve our commercial aims, we believe that it is imperative to build a brand of quality through investor confidence and generating a track record of objective and useful research tools. Seeking to drive investors into investments through disguising marketing as objective research is incompatible with our long-term aims and is illegal.

We operate a Conflicts of Interest Policy, details of which are available from our customer services team upon request.

 

Amendment and termination of these Terms of Business

We may remove our research and amend these Terms of Service at any time. We will, where possible, provide details of amendment or termination of the Terms of Service on the NextFin website before the change takes place. You may terminate your participation in these Terms of Service at any time by ceasing to access the investment research reports.

 

How we use and protect your personal data

We will retain your personal data that is essential for the delivery of our service. This includes keeping a record of our customers and their contact details and any other personal records we deem necessary to comply with the requirements of the rules of the Financial Conduct Authority.  

We may receive personal data from and pass it to Business Agent Limited, the operator of the NextFin website, for the purposes of this clause.

 

Copyright and intellectual property

Copyright in all information, text and images featured in the investment research reports, is owned by or licensed to Wheatfromchaff Limited ("Our Content"). 

All property rights remain with Wheatfromchaff Ltd. Other than as provided in these terms and conditions, you may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, or use for any public or commercial purpose any of Our Content without our prior written permission. 

Wheatfromchaff and CrowdRating are trademarks owned by Wheatfromchaff Limited. 

 

Reliance on content

We try to ensure that the content of our investment research reports is up to date and accurate, but we rely on information obtained from public sources that we do not verify (for example, information available from pitches made by and accounts published by the issuers) and cannot therefore guarantee the accuracy and currency of the information.

We may or may not be provided with access to investment issuers to help us assess the information we have obtained from public sources. We will use reasonable efforts to interrogate the information supplied to us to identify inaccuracies or inconsistencies, but we cannot guarantee that we will be successful in doing so and, in the absence of fraud, negligence, wilful default or breach of regulatory duties our conclusions are made available free of charge on an “as is” basis. The provision of a Pitch Rating Score is not a guarantee of investment performance.

Access to our investment research reports may be interrupted or restricted at any time.

Nothing in these Terms of Service shall exclude or restrict any obligation we owe to you under the UK regulatory system.

 

Links to sites that may interest you

We may provide links in our investment research reports to websites owned by third parties. Some of these links may generate revenue for us at the time are clicked on or if someone subsequently uses the services of that third party. All links are provided because we think they may be of interest to you. We do not endorse or recommend any third party sites and are not responsible for their content. Our investment research conclusions and ratings will not be influenced by the fact that a link may or may not generate revenues.

 

Contacting us

If there is anything you do not understand or you have a query please feel free to email your enquiry here or contact our customer services department on 01920 486440. Their opening hours are 9.30am to 5.30pm Monday to Friday, excluding public holidays. Please note that calls may be recorded and monitored to help improve our services.

 

Complaints and compensation

If you have a complaint about the services we provide to you, please address it to our customer services team using the contact details set out above. Full details of our complaints handling process are available on request to customer services. If you are dissatisfied with our handling of a complaint relating to our investment research, you may be entitled to refer the matter to the Financial Ombudsman Service. For more information, including information on eligibility to complain, you can refer to the Financial Ombudsman Service directly, see www.financial-ombudsman.org.uk.

If we owe you money in connection with our investment research reports, in the event of our insolvency you may be entitled to compensation from the Financial Services Compensation Scheme. For more information see www.fscs.org.uk.

 

Other

Our failure to exercise or enforce any right or provision of these Terms of Business shall not operate as a waiver of such right or provision. If any provision of this Agreement is unlawful, void or unenforceable, that provision is deemed severable from this Agreement and does not affect the validity and enforceability of any remaining provisions.

This Agreement shall be governed by and construed in accordance with English law and you hereby agree to be subject to the exclusive jurisdiction of the Courts of England and Wales.

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