Logic Investments Ltd

Limits on the record

• Restriction on new clients, accepting client money or assets, fees, and assets restrictions

  Restriction on Onboarding New Clients 1. The Firm must not, without the prior written consent of the Authority, on-board any new customers. Restrictions on Client Money and Assets 2. The Firm must not accept, without prior written consent of the Authority, any new client money or new safe custody assets from, or on the account of, existing or new clients. This requirement does not apply to the acceptance of new client monies or custody assets from existing clients as a result of or in relation to the following: a) Receipt of dividends or coupons; b) Rights issues; c) Corporate actions including maturing bonds; d) Receipts of new client money or custody assets from an existing client which have not been solicited by the Firm, but such receipts must be returned by the Firm to the client on the same working day of receipt or where this is not possible as soon as reasonably practicable; e) Settlement of trades instructed but not settled as at date of the requirement taking effect; and f) Margin calls and movements associated with trades and positions that are open as at the date of this requirement taking effect. 3. The firm is permitted to facilitate the trading of safe custody assets in exchange for client money, but the Firm must not return client money or safe custody assets to customers without the prior written consent of the Authority. Restriction on further fees being taken from clients 4. With immediate effect, the Firm must not deduct any further fees from clients (including, but not limited to, annual management fees, inactivity fees and commission payments), other than where it has the express written consent of the Authority. Assets Restrictions 5. Save as set out in sub-paragraphs (6) and (7) below, the Firm must not, without the prior written consent of the Authority, in any way dispose of , withdraw, transfer, deal with or diminish the value of any of its own assets whether held by the Firm as at the date of the imposition of the Requirements or acquired thereafter; 6. The Firm may continue dealing with or disposing of any of its own assets in the ordinary and proper course of business provided that the sum or value of such dealings or disposals, whether as a single transaction or a combination of related transactions, does not exceed £1,000 (or £3,000 in the case of legal expenses); 7. For the avoidance of doubt, for the purposes of sub-paragraph (6) above, the following would be in the ordinary and proper course of business: a) Any fees incurred or paid in exchange for professional advisory services provided to the Firm; or b) Any salaries of the Firm’s staff, including to its directors, contractors or any other employees, where such salaries have been agreed prior to the imposition of the Requirements; 8. For the avoidance of doubt, for the purposes of sub-paragraph (6) above, the following would not be in the ordinary and proper course of business: a) The making of any distribution to the Firm’s shareholders whether by way of capital distribution or dividends; b) Subject to sub-paragraph (7)(b) above, any discretionary payment to the Firm’s shareholders, directors, officers, employees, any connected entities or persons, with the exception of payments pre-agreed with the Authority; c) The making of any gift or loan by the Firm to any party; or the entry into any financial reconstruction, sale of any part of the Firm (whether share or asset based) or reorganisation. 9. Sub-paragraphs (5) to (8) constitute an assets requirement within the meaning of section 55P(4)(a) of the Act.

• Retention and notification requirements

  Retention requirement 10. The Firm must secure all books and records and preserve all information, including material held via online/cloud-based systems to which the Firm has access, in relation to regulated activities carried on by it. These include but are not limited to all: a) Client lists; b) Communications with clients; and c) Financial records. 11. These books, records and information must be retained in a form and at a location within the UK to be notified to the Authority within 24 hours of the receipt of this notice. The records must be retained in a form and at a location such that they can be provided to the Authority, or to a person named by the Authority, promptly upon its request. Notification requirements 12. By 5pm on 16 December 2025, the Firm must publish in a prominent place on every website in its name (or that it operates) a notice setting out the terms and effects of the Requirements and the actions its clients can take to access their funds. The wording of this notice must be agreed by 12pm on 16 December with the Authority. 13. The Firm must, by 5pm on 17 December 2025 date, notify any investor, potential investor, or other relevant person directly affected by the Requirements of the terms and effect of the Requirements. The wording of this communication and the method of delivery must be agreed by 5pm on 16 December 2025 with the Authority. 14. Once the notifications referred to in sub-paragraphs (12) and (13) above have been made, within 24 hours, the Firm must supply to the Authority: a. Copies of the template notifications sent to all recipients; b. A list of all parties to whom notifications have been sent; and c. Confirmation that, to the best of its knowledge, the Firm has sent the specified notifications to all relevant parties. 15. A Senior Management Function holder of the Firm must provide written confirmation to the Authority by email by 14:00 every Friday until such time as it is notified in writing by the Authority that it may cease to do so, that it is in compliance with these Requirements. 16. The Firm must provide to the Authority, by no later than 12 noon each Friday until such time as is notified otherwise in writing by the Authority (starting from the first Friday after the imposition of the Requirements), account statements for all of the Firm’s bank accounts, showing all transactions for those accounts for the preceding seven days.