Website disclaimer – ThePlatform

Investing in alternative markets involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please review the disclaimer before proceeding. The Platform Ltd is only available to investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

Information contained on this website is neither directed at nor made available to retail investors. It is intended only for persons who are considered to be a ‘professional client’ or may, on request, be treated as a ‘professional client’ within the meaning of the UK version of the Market in Financial Instruments Regulation (600/2014). This website is not intended to be a promotion of any individual investment opportunity and is not an offer to the public.

The content of this website has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this website for the purpose of engaging in any investment activity may expose an investor to a significant risk of losing all of their property or other assets invested. 

[The summary information provided about investment opportunities on this website is intended solely to demonstrate the types of content available on The Platform Ltd, and the commercial merits or suitability of any investment should be independently determined. Full information is available to investors who meet our eligibility criteria and have become authorised to access The Platform Ltd. 

All platform activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before accessing the platform.

The Platform Ltd does not make investment recommendations to you. No communications from The Platform Ltd, through this website or any other medium, should be construed as an express or implicit investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. The Platform Ltddoes not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with The Platform Ltd, you should consult a professional adviser.



The Platform Ltd provides the which is a tool for eligible customers to enjoy content (including analysis and research) produced by Us or by third parties regarding alternative markets (the “Content”). 

All information used in the publication of the Content has been compiled from publicly available sources that are believed to be reliable. However, no guarantee, warranty or representation, express or implied, can be given by The Platform Ltd  as to the accuracy, adequacy or completeness of the information contained in the Content and they are not responsible for any errors or omissions or results obtained from use of such information. Neither The Platform Ltd , nor any affiliates, officers, directors or employees accept any liability or responsibility in respect of the information which is subject to change without notice and may only be correct at the stated date of their issue, except in the case of gross negligence, fraud or wilful misconduct. In no event will The Platform Ltd , its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if The Platform Ltd  has been advised of the possibility thereof. 

The Content has been prepared purely for information purposes, and nothing in the Content should be construed as advice, nor should it be construed as an offer, or the solicitation of an offer, to buy or sell any security, product, service or investment. The commercial merits or suitability or profitability or benefit of any security, product, service or investment in the Content to any prospective investor’s particular situation should be independently determined by such persons. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit and other aspects of any potential transaction based on such information and advice from any prospective investor’s own advisers and such other experts as it deems appropriate. The Platform Ltd  shall not be liable for the Contents or any failure by any recipient of the Contents to obtain such information and advice.

The Content reflects the objective views of the analyst(s) involved in its preparation and does not constitute investment advice. However, the companies or legal entities covered in the Content may pay us a fixed fee in order for research to be made available. A full list of companies or legal entities that have paid us for coverage within the past 12 months can be viewed at 

The Platform Ltd  may provide other consultancy services to the companies or legal entities mentioned in the Content. The Platform Ltd  has a personal dealing policy which restricts staff and consultants’ dealing in shares, bonds or other related instruments of companies or legal entities which pay The Platform Ltd  for any services, including research. No The Platform Ltd  staff, consultants or officers are employed or engaged by the companies or legal entities covered by the Content in any capacity other than through The Platform Ltd . The Platform Ltd  does not buy or sell shares, either for their own account or for other parties and neither do they undertake investment business. We may provide investment banking services to corporate clients. The Platform Ltd  does not make recommendations nor words that could be construed as an ‘implicit recommendation’. Where a Fair Value price is given in a research note, such as a DCF or peer comparison, this is the theoretical result of a study of a range of possible outcomes, and not a forecast of a likely share price or target price. 

The Platform Ltd  may publish further notes on these markets, securities, companies and legal entities but has no scheduled commitment and may cease to follow these markets, securities, companies and legal entities without notice. The information provided in the Content is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject The Platform Ltd or its affiliates to any registration requirement within such jurisdiction or country. Some or all alternative investments may not be suitable for certain investors. The investments concerned may be speculative and involve a high degree of risk. An investor could lose all or a substantial amount of his or her investment. Investments may be leveraged and performance may be volatile; they may have high fees and expenses that reduce returns. Markets, securities or legal entities mentioned in the Content may not be suitable or appropriate for all investors. Where the Content refers to a particular tax treatment, the tax treatment will depend on each investor’s particular circumstances and may be subject to future change. 

Each investor’s particular needs, investment objectives and financial situation were not taken into account in the preparation of the Content and the material contained herein. Each investor must make his or her own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein. The fact that The Platform Ltd has made available through the Content various information constitutes neither a recommendation to enter into a particular transaction nor a representation that any financial instrument is suitable or appropriate for you. Each investor should consider whether an investment strategy of the purchase or sale of any product or security is appropriate for them in the light of their investment needs, objectives and financial circumstances. 

The Content constitutes a ‘financial promotion’ for the purposes of section 21 Financial Services and Markets Act 2000 (United Kingdom) (‘FSMA’) and is available only to, and is directed at (a) persons outside the United Kingdom; (b) persons who have professional experience in matters relating to investments falling within Article 19(1)(a) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), as amended; (c) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1)(a) of the Order; and (d) any other person to whom the Content may lawfully be communicated pursuant to the Order (all such persons together being referred to as “relevant persons”).  The investments to which the Content relates are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be engaged in only with, relevant persons.  Any person who is not a relevant person should not act or rely on the Content.  

No part of the Content may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photocopying, recording or otherwise, without prior permission from The Platform Ltd . By accepting the Content, the recipient agrees to be bound by the limitations set out in this notice. This notice shall be governed and construed in accordance with English law. 

The Platform Ltd is registered at Companies House with the number 14501530.

Status of the Content under MiFID II



The Platform Ltd  research is paid for by the companies, legal entities and issuers about which we and third parties write and, as such, falls within the scope of ‘minor non-monetary benefits’, as defined in the Markets in Financial Instruments Directive II.

In particular, Article 12(3) of the Directive states: ‘The following benefits shall qualify as acceptable minor non-monetary benefits only if they are: (b) ‘written material from a third party that is commissioned and paid for by a corporate issuer or potential issuer to promote a new issuance by the company, or where the third party firm is contractually engaged and paid by the issuer to produce such material on an ongoing basis, provided that the relationship is clearly disclosed in the material and that the material is made available at the same time to any investment firms wishing to receive it or to the general public…’

The fact that The Platform Ltd is commissioned to produce research is disclosed in the disclaimer, and the research is widely available to investment firms wishing to receive it.

For investors in the UK, the list of acceptable minor non-monetary benefits is provided in the Conduct of Business Sourcebook (“COBS”) of the FCA Handbook, which can be accessed here:

It should be noted that one of the rules and legislation referred to above is to ensure transparency in the relationship between fund managers and brokers/suppliers, and remove what is termed ‘inducement’, whereby free research is provided to fund managers to encourage them to deal with the broker. The Platform Ltd  is not inducing the reader of our Content to trade through us, since we do not deal in any investments.