Terms & Conditions / Important Information & Risk

CAPITAL AT RISK. There are risks to all forms of investing, particularly in unregulated, complex, non-readily realisable and/or non-transferable securities like bonds, loan notes and unquoted equity investments.


Forecasts are not guarantees and performance may vary. Tax treatment depends on individual circumstances and may change. These investments are NOT covered by the Financial Services Compensation Scheme (FSCS) or the CNMV (Comisión Nacional de Mercado de Valores) and clients will NOT have access to the Financial Ombudsman Service (FOS). All investors should seek independent professional advice before deciding to invest. Please read our risk warning before deciding to invest.


1. Information: Although every effort is made by First Call Management, its agents, associates or employees to verify information given in their web site, brochures, and promotional material, it must be clearly understood that such information does not form part of any contract or offer.


2. Services: All related services offered from a third party – are merely recommended in good faith only and all agreements and contracts with such parties or for such services are entirely the responsibility of the user and service provider and not the liability or responsibility of First Call Management.


3. Currency exchange rates: Be aware that currency fluctuations can greatly affect the price you pay in sterling for an investment when you come to pay for it. We advise you to keep this in mind and seek professional help when transferring money abroad. 


4. Business liability: First Call Management, its agents, associates or employees operate as an introducing agent to assist interested persons in finding investment opportunities. First Call Management is not liable for any loss which they may incur for any reason whatsoever resulting from investing.


These products (bonds and convertible loan notes) are intended for professional and high net worth/sophisticated investors only and in general are not available to retail investors other than those who can be certified as being high net worth or sophisticated. They are not available to restricted investors.



These documents have not been approved by an authorised person pursuant to section 21 of the Financial Services and Markets Act (FSMA). Reliance on these documents for engaging in investment activity may expose an individual to significant risk of losing the money invested. Where these documents may be distributed in the United Kingdom it is directed only at persons of the kind described in article 195 (5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promoon) Order 2005 and less than 150 of either a high-net worth individuals for the purposes of Article 48 or sophisticated investors for the purposes of Article 50 of the Financial Services and Markets Act (Financial Promotions) Order 2000.


The bonds and other products are not protected by the FSCS or any other government savings or deposit protection scheme. As a result, the FSCS will not pay compensation to an investor in the Bonds upon the failure of the bond. If the product provider goes out of business or becomes insolvent, investors may lose part or all of their investment. Bonds may have no established trading market when issued, and one may never develop. If a market does develop, it may not be liquid. Therefore, investors may not be able to sell their bonds easily or at prices that will provide them with a yield comparable to similar investments that have a developed secondary market. This is particularly the case for bonds that are especially sensitive to interest rate, currency or market risks, are designed for specific investment objectives or strategies or have been structured to meet the investment requirements of limited categories of investors. These types of bonds generally have a more limited secondary market and more price volatility than conventional debt securities. Liquidity may have a severely adverse effect on the market value of the bonds.


The value of any companies or securities referred to in these documents may rise as well as fall and sums recovered may be less than those originally invested. Your capital is at risk and income is not guaranteed. Any references to past performance of any companies or investments referred to in these documents are not indicative of their future performance. If the recipient is in any doubt that the investment to which these documents relate he should consult an authorised person specialising in Investments of the kind in question. Any investment activity to which these documents relate is only available to and will only be engaged by such persons. Persons falling outside these categories should not act on or rely upon these documents or any of its contents and should return any copies in their possession to the Company. These documents do not constitute, or form part of, any invitation to sell or issue, or any solicitation of any purchase or subscribe for, any shares in the Company, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, or act as an inducement to enter into a contract or commitment therefore.


The information in these documents is subject to updating, completion, revision, further verification and amendment without notice. No representation or warranty, express or implied, is made or given by or on behalf of the Company any of its directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in these documents and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in these documents. Accordingly, neither the Company nor any of its directors, , employees, advisors associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage by any person as a result of relying upon the statement or as a result of any admission in, or any document supplied with, these documents or by any future communications a connection with such documents and any such liabilities are expressly disclaimed. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any representation, warranty or other assurance made fraudulently.