Alumni Startups Ltd is not required to be authorised by the Financial Conduct Authority in so far as it provides information on or arranges deals in investments. This is because it is an Enterprise Scheme, which is exempt from regulation in arranging financial deals when not for pecuniary gain, as specified in the Financial Service and Markets Act 2000 (Exemption) Order 2001 paragraph 40.
For more details on the Enterprise Scheme exemption see the relevant section of the Financial Services and Markets Act 2000 and subsequent amendments.
We consider that we meet this exemption because:
Our intention is to apply for FCA authorisation if and when it becomes clear that we are likely to develop to the point where our exemption outlined above might cease to apply.
Please note that Alumni Startups Ltd is not authorised to give investment advice to investors.
Alumni Startups Ltd complies with the UK Data Protection Act 1998 which requires every organisation that processes personal information to register with the Information Commissioner’s Office (ICO). Alumni Startups Ltd is registered with the ICO (registration reference ZA068380) and consequently appears on the UK Public Register of Data Controllers.