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chatham-chamber
chatham-chamber, Advocate
Category: Law
Satisfied Customers: 13611
Experience:  LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)
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I am thinking of setting up a property investment club using

Customer Question

I am thinking of setting up a property investment club using an LLP. It may eventually reach(###) ###-####members with some investing as little as £1000. Does this model have to be FCA regulated
Assistant: Where are you? It matters because laws vary by location.
Customer: UK
Assistant: What steps have you taken so far?
Customer: ive set up an LLP and have put together a business plan and am working on a prospectus. I have also agreed to purchase the first investment property.
Assistant: Anything else you want the Lawyer to know before I connect you?
Customer: There will no borrowing
Submitted: 5 days ago.
Category: Law
Expert:  chatham-chamber replied 5 days ago.

Hi,

Thank you for your query. If you are setting up any sort of venture which requires any form of financial advice or investment to and from an individual, you would require FCA approval.

To be completely sure, you would be better served contacting the FCA for a definitive answer.

I hope this answers your questions. if so, kindly rate the answer and provide feedback.

if you have any further questions, please do not hesitate to ask.

Many thanks