FINAL NOTICE

1.
ACTION

1.1.
For the reasons given in this Final Notice, following a request received from

Dickson Minto Advisers LLP (“DM Advisers”) the Authority hereby limits and

restricts the services to which the sponsor approval of DM Advisers relates, such

that DM Advisers may provide sponsor services solely to a company listed or

applying for listing on the Official List in the listing category premium listing

(close-ended investment fund) or premium listing (open-ended investment

companies).

2.
SUMMARY OF REASONS

2.1.
The Authority hereby grants DM Advisers’ application for the above limitation and

restriction.

2.2.
The Notice is part of a sponsor supervisory process and not disciplinary in nature.

For the sake of clarity, no disciplinary sanction has been imposed by this Notice.

3.
DEFINITIONS

3.1.
The definitions below are used in this Notice:

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“the Act” means the Financial Services and Markets Act 2000

“the Authority” means the Financial Conduct Authority

4.
FACTS AND MATTERS

4.1.
DM Advisers is authorised and regulated by the Authority and is on the list of

approved sponsors.

4.2.
DM Advisers has applied to the Authority to limit and restrict the services to which

its sponsor approval relates, such that it may provide sponsor services solely to a

company listed or applying for listing on the Official List in the listing category

premium listing (close-ended investment fund) or premium listing (open ended

investment companies).

4.3.
The Authority hereby grants this application.

5.
PROCEDURAL MATTERS

5.1.
This Notice is given to DM Advisers LLP under, and in accordance with, section

390 of the Act.

Decision maker

5.2.
The decision which gave rise to the obligation to give this Notice was made by

FCA staff under Executive Procedures.

5.3.
Sections 391(4), 391(6) and 391(7) of the Act apply to the publication of

information about the matter to which this notice relates. Under those provisions,

the Authority must publish such information about the matter to which this notice

relates as the Authority considers appropriate. The information may be published

in such manner as the Authority considers appropriate. However, the Authority

may not publish information if such publication would, in the opinion of the

Authority, be unfair to you or prejudicial to the interests of consumers or

detrimental to the stability of the UK financial system.

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5.4.
The Authority intends to publish such information about the matter to which this

Final Notice relates as it considers appropriate.

Authority contacts

5.5.
For more information concerning this matter generally, contact Catherine

Dennison
at
the
Authority
(direct
line:
020
70668322
/email:

sponsorsupervision@fca.org.uk).

Head of Department (Interim), Primary Market Oversight, for and on behalf of the