1

FINAL NOTICE

Address:
Riverbank House
2 Swan lane
London
EC4R 3GR

1.
ACTION

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

Winterflood Securities Limited (“WSL”) the Authority hereby limits and restricts

the services to which the sponsor approval of WSL relates, such that WSL may

provide sponsor services solely to a company listed or applying for listing on the

Official List in the listing category closed-ended investment funds.

2.
SUMMARY OF REASONS

2.1.
The Authority hereby grants WSL’s 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:

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

“the Authority” means the Financial Conduct Authority

4.
FACTS AND MATTERS

4.1.
WSL is authorised and regulated by the Authority and is on the list of approved

sponsors.

4.2.
WSL 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

closed-ended investment funds.

4.3.
The Authority hereby grants this application.

5.
PROCEDURAL MATTERS

5.1.
This Notice is given to WSL 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.

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 Niall Perera at the

Authority (direct line: 020 7066 2681 /email: Niall.Perera@fca.org.uk).

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