PIA-First Limited is the legal entity of Signal Centre. PIA-First Limited is wholly owned by Acuity Trading Limited.
The firm is a United Kingdom (“UK”) financial services firm which is authorised and regulated in the UK by the UK financial services regulator, the Financial Conduct Authority (the “FCA”); firm reference number 787261.
The firm is regulated and authorised by the FCA as an “Exempt MiFID firm (Article 2)”; this means the activities of the firm are not caught by the Markets in Financial Instruments Directive (“MiFID”) as the ‘regulated advice’ the firm provides is not caught by the “Investment Advice” activity definition under MiFID, where the investment advice definition under MiFID only applies to ‘personal recommendations’ as per Article 4(4) of EU MiFID II Directive 2014/65/EU.
The investment advice the firm provides does not constitute personal recommendations as defined under the FCA.
The firm has permission to provide investment advice (except on pension transfers and pension opt opts);
To the following Customer Types:
- Eligible Counterparty
- Professional
- Retail (Investment)
For the following Investment Types:
- Alternative Debenture
- Commodity Future
- Commodity option and option on commodity future
- Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
- Debenture
- Future (excluding a commodity future and a rolling spot forex contract)
- Government and public security
- Option (excluding a commodity option and an option on a commodity future)
- Rolling spot forex contract
- Share
- Spread Bet
- Unit
- Warrant
The advice the firm provides is in the form of trading signals that are not personal recommendations.
Where the firm is looking to provide its trading signals services to persons in other EU States, the firm should establish the individual EU State’s interpretation of whether or not non-personal trading signals are considered regulated activity.
Opinion provided by Thistle Initiatives Limited, 2nd Floor, 4 St Paul's Churchyard, London, EC4M 8AY.
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