Jenson Seed EIS Fund - Clubfinance

Schedule117ScheduleImportant NoticeIn respect of professional client categorisationThe Information Memorandum relating to the Jenson Seed EIS Fund describes arrangementsfor the appointment of Foresight Group LLP (“Foresight” or the “Fund Manager”) of ECACourt, 24-26 South Park; Sevenoaks, Kent TN13 1DU, as a discretionary investment FundManager to act on behalf of Investors who wish to make venture capital investments in SEISQualifying Companies and EIS Qualifying Companies and to manage those investments incommon on behalf of all such Investors. These arrangements together constitute the JensonSeed EIS Fund (the “Fund”). Foresight is authorised to act as an investment Fund Manager bythe UK Financial Services Authority (“FSA”) and their FSA registration number is 198020.As venture capital investments can be higher risk Foresight only acts for individuals who, inaccordance with FSA rules, can be assessed as understanding the risks of investing in the Fund.These are set out in section 1 of the Information Memorandum. Therefore participation in the Fundis normally restricted to those whom Foresight can categorise as elective professional clients.This means that Foresight will owe you an obligation to ensure that the venture capitalinvestments which they make comply with the investment policy and parameters set outin the Information Memorandum but not that they are suitable for your particular financialcircumstances and portfolio; an obligation that would need to be discharged if Foresightwere to classify you as under FSA rules a ‘retail client’. This would require you to disclose toForesight personal details about your income, expenses, liquidity and assets. There are someadditional differences between these two FSA classifications. They are set out below.Please note that the fact that an adviser will treat you as a ‘retail client’ under FSA rulesfor the purposes of his/her client relationship with you, does not prevent that adviser fromcarrying out an assessment that you have the experience, expertise and knowledgerequired to understand the risks of investing in the Fund and of being categorised as anelective professional client for the purpose of your relationship with Foresight.You can be categorised as an elective professional client if:(i) Foresight undertakes an adequate assessment of your expertise, experience andknowledge that gives reasonable assurance, in the light of the nature of the transactionsor services envisaged, that you are capable of making your own investment decisionsand understanding the risks involved;