Instinet Europe Limited

Reference number: 140822

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Company details

From the company's Companies House record.

Company number
01915961
Company status
Active
Company type
Private limited company
Incorporated
22 May 1985 (41 years old)
Registered office
1 Angel Lane, London, EC4R 3AB
Nature of business
  • Security and commodity contracts dealing activities (SIC 66120)

Current directors and secretaries

Name Role Born Appointed
Richard William Parsons Director Jul 1975 22 Jun 2016
Daisuke Mototani Director Sep 1967 20 Oct 2022
Magnus Henry Peter Falk Director Dec 1963 26 Apr 2023
Jonathan Wayne Lewis Director Dec 1967 1 Nov 2024
Michelle Sylvia Rodrigues Secretary Not published 16 Oct 2008

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Hold or safeguard your money · Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.

    How safeguarding works →

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.

    Check your FSCS cover →

Show FCA detail (12 permissions)
  • 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
  • 2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.
  • 6. Money remittance.
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Causing dematerialised instructions to be sent
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments
  • Operating a Multilateral Trading Facility (MTF)
  • Sending dematerialised instructions

Limits on what they may do

  • Matched principal broker limitation
    Unable to hold financial instruments for own account unless it meets the 'matched principal exemption conditions' in the FSA's Glossary of defined expressions used in the FSA's Handbook

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

Action taken against them

1 fine in 2010, £1.05m in total. This is part of the official register record and is worth reviewing before going ahead.

  • Fined £1.05m on 8 April 2010
    On 8 April 2010 the FSA imposed a financial penalty of £1.05 million on Instinet Europe Limited in respect of breaches of rules set out in chapter SUP 17 of the FSA Handbook and Principles 2 and 3 of the FSA's Principles for Businesses which occurred between April 2007 and June 2009 ('the Relevant Period'). In breach of SUP 17 Instinet failed to submit accurate transaction reports in respect of more than 22.1 million transactions. The firm breached Principle 2 by failing to conduct its business with due skill, care and diligence through failing to respond appropriately to clear indications that there were issues with the effectiveness of the transaction reporting process. The firm breached Principle 3 by failing to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems, in respect of its transaction reporting processes and procedures. Firms are required to submit accurate and complete transaction reports to enable the FSA to detect and investigate suspected market abuse: insider trading and market manipulation.

Previously registered as

The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Instinet UK Ltd

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Common questions

Frequently asked questions

Is Instinet Europe Limited FCA authorised?
Yes, Instinet Europe Limited (FRN 140822) is authorised by the FCA to carry out regulated activities.
Is my money safe with Instinet Europe?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount, and eligible claims may be protected by the FSCS. You can also refer complaints about Instinet Europe to the Financial Ombudsman Service, free of charge.
Is Instinet Europe a scam or clone?
Instinet Europe is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Instinet Europe's Firm Reference Number (FRN)?
Instinet Europe's FRN is 140822. You can verify it on the FCA register.