Regulatory
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What is self-certification and why do I need to do it?
As an online investment platform authorised and regulated by the Financial Conduct Authority (FCA), before authorising you to make an investment, Tifosy is required to ask you to certify that you fall into one of the FCA defined investor categories (you ca...
Read More >How do I know which investor category is right for me?
To become authorised to invest via Tifosy, you must select the investor category which best describe you before investing. There are four categories: Ordinary Investor: The FCA refers to ‘Ordinary Investors’ as ‘Restricted Investors’. As a RestrictedI...
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What is the appropriateness test and why am I required to complete it?
The appropriateness test is a short quiz that you must successfully complete before investing in order to demonstrate that the investment is appropriate for you and that you fully understand the risks associated with making an investment. You are require...
Read More >What if I can’t successfully complete the appropriateness test?
The appropriateness test is designed to determine whether or not you are aware of the risks associated with making an investment through the Tifosy Investment Platform. As such, you must successfully complete the Questionnaire in order to become authorised ...
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Why do Tifosy need to verify my identity?
As an investment firm authorised and regulated by the Financial Conduct Authority (FCA), Tifosy is required to complete a risk assessment of each investor. Part of this assessment includes Customer Due Diligence (CDD), pursuant to which Tifosy must identify...
Read More >How do Tifosy verify my identity?
Tifosy uses the services of background and identity verification specialist On Fido to run automated identity verification checks, matching personal data provided when investing against public databases. If On Fido is unable to verify your identity via avai...
Read More >Verification – proof of identity
You must provide certain personal information when making an investment through Tifosy in order to allow Tifosy to verify your identity and comply with its regulatory requirements. Tifosy uses the services of background and identity verification specialist ...
Read More >Verification – proof of address
You must provide certain personal information when making an investment through Tifosy in order to allow Tifosy to verify your identity and comply with its regulatory requirements. Tifosy uses the services of background and identity verification specialist ...
Read More >What is a certified copy document?
If you cannot provide an original copy of a document, certain professionals may sign and date a copy as a true copy of the original. Such a document is known as a ‘certified copy’. To have a document certified, you must present the original document and ...
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What is an Anti-Money Laundering check?
Money laundering is the process by which money may be disguised, concealed, converted or transferred illegally by criminal activity and is critical to the success of criminal organisations and activity. As an investment firm authorised and regulated by...
Read More >Why is my source of wealth important?
As an investment firm authorised and regulated by the Financial Conduct Authority (FCA), Tifosy is required to put in place checks to prevent financial crime including Money Laundering and Terrorist Financing. To do so, Tifosy may be required to determine t...
Read More >What is a Politically Exposed Person and why does it matter?
A Politically Exposed Person (PEP) is an individual who is, or has been, in a role of prominent public function and responsibility. PEPs are regarded as higher-risk investors as they are deemed to have a greater opportunity to acquire assets through unla...
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