- Home
- > Share Dealing
- > Important Information
Important Information
Regulatory Information
ISA Transfers
Self Invested Personal Pension (SIPP) Transfers
Financial Services Authority
Market Abuse
Regulatory Information
Halifax Share Dealing Limited. Registered in England No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
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.
Halifax CFDs are provided by City Index Limited. City Index Limited is authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. (FSA Register Number 113942).
ISA Transfers
By transferring your ISA it is possible that you may benefit from increased access to your account via our online dealing service and also our telephone opening hours. These may differ from the hours operated by your current manager.
Before instructing any transfer you should examine all costs/charges in connection with the operation of your ISA. Certain elements of our products may be priced differently than those of your current manager.
Transfers of ISAs between managers may take several weeks to complete. You should be aware that you might be unable to deal for a period whilst the transfer is pending.
There is the potential for a loss of income or growth following a rise in the markets whilst the transfer is in the course of being completed.
Your current manager may impose exit charges and other costs associated with the transfer and you should ascertain to what extent you would be required to pay prior to instructing any transfer.
There are no initial set up charges to pay in respect of our ISA products.
Your current manager may allow transfers to other managers but only in the form of cash. Prior to instructing any transfer you should ascertain whether or not this would apply as you may suffer losses as a result of buying back the shares, units etc. sold.
Self Invested Personal Pension (SIPP) Transfers
By transferring your SIPP account it is possible that you may benefit from increased access to your account via our online dealing service and also our telephone opening hours. These may differ from the hours operated by your current provider.
Before instructing any transfer you should examine all costs/charges in connection with the operation of your SIPP. Certain elements of our products may be priced differently than those of your current provider.
Transfers of SIPP accounts between providers may take several weeks to complete. You should be aware that you might be unable to deal for a period whilst the transfer is pending.
There is the potential for a loss of income or growth following a rise in the markets whilst the transfer is in the course of being completed.
Your current provider may impose exit charges and other costs associated with the transfer and you should ascertain to what extent you would be required to pay prior to instructing any transfer.
There is no initial set up charge to pay in respect of our SIPP account.
Your current provider may allow transfers to other managers but only in the form of cash. Prior to instructing any transfer you should ascertain whether or not this would apply as you may suffer losses as a result of buying back the shares, units etc. sold.
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:
- 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.
- 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.
- 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.
