Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Fundsmith Emerging (FEET)

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Wednesday 06 December, 2017

Fundsmith Emerging

Correction: Change of Depositary and Administrator

RNS Number : 5563Y
Fundsmith Emerging Equities Tst PLC
06 December 2017
 

The following replaces the change of depositary and administrator announcement released on Monday 4 December 2017 at 11:00 am under RNS number 2784Y. The annual depositary fee has been amended to 0.015% of net assets.

 

Fundsmith Emerging Equities Trust plc

(the "Company")

 

CHANGE OF DEPOSITARY AND ADMINISTRATOR

 

 

The Directors of the Company wish to announce the following changes of service providers:

 

Change of Depositary

 

With effect from 2 January 2018, Northern Trust Global Services Limited will be appointed, in place of State Street Trustees Limited, as depositary of the Company (the "Depositary") pursuant to a depositary agreement dated 30 November 2017 between the Company, the Depositary and the Company's Alternative Investment Fund Manager, Fundsmith LLP (the "Depositary Agreement").

 

The Depositary has delegated the custody and safekeeping of the Company's assets to The Northern Trust Company.

 

In general, the Depositary is liable for losses suffered by the Company as a result of its negligent or intentional failure to properly fulfil its obligations. The liability of the Depositary will not be affected by the fact that it has delegated safekeeping to a third party.

 

Under the terms of the Depositary Agreement, the Depositary is entitled to receive an annual fee of the higher of (i) £25,000; or (ii) an amount equivalent to 0.015% of the net assets of the Company. In addition, the Depositary is entitled to a variable custody fee which depends on the type and location of the custodial assets of the Company.  It is expected that the new fee arrangements will result in a reduction of the Company's ongoing charge ratio.1

 

The Depositary Agreement may be terminated upon 3 months' written notice from the Company to the Depositary or the Depositary to the Company.

 

1The Company's ongoing charge ratio is calculated by taking the Company's annualised ongoing charges, excluding exceptional items, and dividing by the average net asset value of the Company over the year.

 

Change of Administrator

 

With effect from 2 January 2018, Northern Trust Global Services Limited (the "Administrator") has been appointed, in place of State Street Bank and Trust Company, to provide fund accounting and other administration services to the Company pursuant to a services agreement dated 30 November 2017 between the Company, the Administrator and Fundsmith LLP (the "Fund Administration Agreement").

 

Under the terms of the Fund Administration Agreement, the Administrator is entitled to receive an annual fee from the Company of an amount equivalent to 0.03% of the net assets of the Company up to £500 million and 0.02% of the net assets of the Company over £500 million. 

 

The Depositary Agreement and the Fund Administration Agreement contain indemnities in favour of the Depositary and the Administrator respectively, excluding matters arising by reason of their negligence, intentional failure to perform their obligations under the relevant agreement or fraud.

 

Details of the fees and material terms of both the Depositary Agreement and the Fund Administration Agreement will be available to investors in the Company's investor disclosure document, which can be accessed on the Company's website www.feetplc.co.uk.

 

Enquiries:

 

Simon Godwin

Fundsmith LLP

Alternative Investment Fund Manager

0203 551 6339

 

Katherine Manson

Frostrow Capital LLP

Company Secretary

0203 709 8734

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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