Important Information

Halifax Share Dealing Terms & Conditions

Halifax Share Dealing Terms & Conditions (inc Share Dealing ISAs) [PDF]

Regulatory Information

Halifax Share Dealing Limited. Registered in England No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG.  A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.  Henderson Global Investors is the name under which Henderson Global Investors Limited (registered no. 906355), Henderson Fund Management plc (registered no. 2607112), Henderson Investment Funds Limited (registered no. 2678531), Henderson Investment Management Limited (registered no. 1795354), and Henderson Alternative Investment Advisor Limited (registered no. 962757) and Henderson Equity Partners Limited (registered no.2606646) (each incorporated and registered in England and Wales with registered office at 4 Broadgate, London EC2M 2DA) provide investment products and services. All entities are authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.

The value of your investments and the income from them can go down as well as up.  You may not get back the full amount you have invested.  If you are in any doubt about the suitability of an ISA, or whether to buy or sell shares, you should consult an appropriate Financial Advisor.

The levels and bases of taxation can change and the value of any tax advantages to you will depend on your individual circumstances. Where applicable, we will collect for you any income that we are able to reclaim on your behalf.

This website contains links to sites operated by persons outside our group of companies. We are not responsible for the privacy practices, content or the products and services provided through these sites.

The information within this site is based on our understanding of current law and practice and is subject to any changes of legislation or regulations.

Financial Services Authority

At Halifax Share Dealing, we believe that this site tells you what you need to know to make an informed decision about our products.

If you'd like more general information, the FSA, the financial services watchdog, provides a range of free consumer booklets and fact sheets and a Consumer Help line.

Visit their website (opens new window) or call 0845 606 1234.

The FSA can only give general information and cannot recommend the products of any company.

Market Abuse

The Market Abuse Directive adopted by the UK on 1st July 2005 expressly prohibits insider dealing, market manipulation and misleading behaviour. Making statements or spreading rumours through the mass media or otherwise (e.g. internet chat rooms) which give or are likely to give a regular user of the stockmarket false or misleading impressions as to the supply of or demand for a listed share, can be a criminal offence.

There are three main types of market abuse that are outlined below:

1. Misuse of information

Behaviour based on information which is not generally available, which if known, would be relevant to an investor's dealings in a particular stock.

This is effectively dealing or encouraging someone else to deal using information about a stock that has not been released to the market.

2. Creating a false or misleading impression

Behaviour likely to give a false or misleading impression with regard to the supply and demand, or the price or value of an investment or stock.

Internet bulletin boards are a popular mode of communication between investors, but these areas can be open to market abuse. For example: a person may post a message about a stock's profitability or a company's activities in order to incite other people to invest in the stock.

3. Distorting the market

Behaving in a way that leads to the manipulation of the price of an investment. This behaviour could lead to a false impression of the market price to investors.

Penalties

The Financial Services Authority has the power to impose an unlimited financial penalty on any individual (whether or not they are employed in the financial sector) where it can be proven that market abuse has occurred.

You can find further information about the Market Abuse Directive on the Financial Services Authority website at www.fsa.gov.uk (opens new window) or by phoning their helpline on 0845 606 1234.