Important Update regarding IBP Markets Limited regarding FSCS We have been working closely with the FSCS to see if there are any claims eligible for FSCS compensation. We are advised that the FSCS will cover the following for the underlying retail investors of the Model B wealth management firms who are eligible under FSCS rules: • the costs of returning client money to the customer; • the costs of transferring custody assets (e.g. investments) to a new broker - provided the particular assets are covered by FSCS's rules; • client money shortfalls that may occur as a result of IBP Markets Ltd not holding all the client money that it had undertaken to hold for that customer; and • custody asset shortfalls that may occur as a result of IBP Markets Ltd not holding all the custody assets that it had undertaken to hold for that customer. Any compensation payable by FSCS is subject to the statutory cap of £85,000 per eligible customer. Customers of the Model B wealth management firms do not need to take any further action regarding FSCS compensation and remain closed to direct customer claims. We are continuing to work with the FSCS to establish our position for other customers and hope to be able to confirm in the near future. For further details of this, please see the FSCS’s website here: https://www.fscs.org.uk/making-a-claim/failed-firms/ibp-markets/