Addax Terms and Conditions

Terms and Conditions

Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.
The information within this site is issued by Addax Capital LLP (“Addax Capital”) for information only. It does not constitute an offer by Addax Capital to enter into any contract/agreement nor is it a solicitation to buy or sell any investment. Content relating to Unregulated Collective Investment Schemes (Hedge Funds) is aimed solely at investors who meet the Financial Services Authority qualifying categories under FSA Conduct of Business Rules Chapter 3 Annex 5. Information on unregulated collective investment schemes on this site is unsuitable for and should not be relied upon by any person who does not meet the above-mentioned qualifying categories. If you have any doubts about your status please Addax Capital's Compliance Department. Addax Capital LLP is registered in England & Wales with Company No. OC318887. The Registered Office address is Eagle House, 110 Jermyn Street, London, SW1Y 6RH.
The information below explains the legal and regulatory restrictions in relation to the Addax Capital LLP website.
Please read the Terms carefully which may be subject to change without notice. By accessing any page of this website, you agree to be bound by the Terms below. If you do not agree to the Terms below, please exit the website. These Terms may be amended without notice to you. Your continued use of the website following any changes will mean that you accept such changes.

Regulatory Disclosures

Addax Capital is a trading name of Addax Capital LLP which is authorised and regulated by the UK Financial Service Authority. Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments in the funds detailed within this site. Addax FX1 Limited is an unregulated collective investment schemes which is not a recognised scheme under s.264 of the Financial Services and Markets Act 2000.
Many of the protections provided by the United Kingdom regulatory structure may not apply to investments in the Addax Capital funds, including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service.

Content of Web Site

By proceeding you agree, so far as this is permitted under the provisions of the UK regulatory system, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct or consequential, in respect of any errors and/or omissions by us and/or any relevant third parties in respect of the content. The contents of this website are based upon sources of information believed to be reliable, however, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to its accuracy or completeness and, Addax Capital, members, officers and employees of the managing member do not accept any liability or responsibility in respect of the information or any views expressed herein. This website may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. If you have accessed this site using a link from another site, Addax Capital does not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site or to whom this site is linked.

Investment Risk

There are significant risks associated with investment in the funds outlined in the site. Investment in the unregulated schemes on this site is intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment. Such schemes are permitted to and use gearing as an investment strategy. The effect of such gearing is that movements in the price of the schemes will be more volatile than the movements in the prices of their underlying investments.
Past performance is not necessarily a guide to future performance. The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be extremely volatile and be subject to sudden and substantial falls. The prices of commodities contracts and all derivatives instruments, including futures and options, are highly volatile. Certain investment positions may be illiquid. The Funds may invest in securities of financially troubled companies, illiquid over-the-counter securities and non-publicly traded securities.
Investment in emerging market funds involves risk factors and special considerations which may not be typically associated with investing in more developed markets. Political or economic change and instability may be more likely to occur and have a greater effect on the economies and markets of emerging countries. Adverse government policies, taxation, restrictions on foreign investment and on currency convertibility and repatriation, currency fluctuations and other developments in the laws and regulations of emerging countries in which investment may be made, including expropriation, nationalisation or other confiscation could result in loss to the fund.
Income from investments may fluctuate. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. You should be aware that investments in higher yielding bonds issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth. Fund charges may be applied in whole or part to capital, which may result in capital erosion.
The foregoing list of risk factors is not complete and reference should be made to the relevant Offering Memorandum.

Solicitation

The site does not constitute an offer by Addax Capital to enter into any contract/ agreement nor is it a solicitation to buy or sell any investment. It should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. This UK site is not aimed at persons who are residents of any country, including the United States of America ("USA") and South Africa, where the Funds referred to herein are not registered or approved for marketing and/or sale or in which the dissemination of information on the Funds or services is not permitted. This document should not be distributed to any third party without the express approval of Addax Capital.

United States of America

The provision of the information in this web site does not constitute an offer of securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about Addax Capital and/or any of its affiliates is not directed to any person in the United States. Funds referred to herein are neither registered under the Securities Act 1933 of the USA, nor are they registered under the Investment Company Act of 1940. Consequently, they cannot be offered for sale or be sold in the USA, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas.

Advice

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way.

Taxation

Taxation will depend on individual financial circumstances and the country of residence

Ownership and Copyright

The copyright in the website and (unless otherwise indicated) its contents including all information, graphics, code, text and design are owned by Addax Capital LLP and should not be reproduced or distributed without permission.

Performance Data

Information on performance follows UK standards.
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Information on Addax Capital's unregulated schemes should only be accessed by sophisticated investors meeting the FSA's eligible counterparties and professional client categories.