Sova Capital Limited
Reference number: 225539
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Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
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.
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Verified website
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Verified phone number
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Verified address
5-7 Ireland Yard, London, EC4V 5EH, United Kingdom
- ABC Clearing
- Otkritie Capital
- Otkritie Capital International
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company number
- 04621383
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 19 December 2002 (23 years old)
- Registered office
- C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake phone numbers (1)
- 020 3883 7073
Fake email addresses (4)
- a.wilson@sova-am.co.uk
- d.harris@sova-am.co.uk
- info@sova-am.co.uk
- info@sova-assetmanagement.com
Fake websites (1)
- sova-assetmanagement.com
The FCA warning these came from
- SOVA Asset Management 24 May 2021
Scammers change these details often. Always check the live FCA warning.
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (8 permissions)
- Arranging (bringing about) deals in investments
- Arranging safeguarding and administration of assets
- 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
- Safeguarding and administration of assets (without arranging)
- Sending dematerialised instructions
One supervisory condition set by the FCA
These are conditions the FCA places on the firm itself, covering things like capital it must hold and what it must report. They do not change what the firm may do for you.
- Capital Requirements on Dealing Client positions
1. With effect from 25 October 2012, OSL must treat all dealing client accounts as if they were proprietary accounts for the purposes of Block 2 (Prudential Standards) of the Handbook. As such any positions and balances held on dealing client accounts must be treated as proprietary positions when OSL carries out any calculations of the amount of regulatory capital that it is required to hold. 2. OSL must immediately carry out a revised calculation of its regulatory capital requirements as a result of this variation of its permission, and must provide the FSA with a credible plan to resolve any resulting breach of its regulatory capital requirement by 1 November 2012. 3. This requirement on OSL's permission will remain in place until the FSA is satisfied that OSL does not bear proprietary risk arising from positions held on dealing client accounts. 4. OSL must continue to treat dealing clients' money in accordance with the applicable provisions in CASS and shall segregate such money in a separate account in accordance with CASS 7.4.21. R.
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
The clone warnings above are scammers using this firm's name, not something the firm has done.
Previously registered as
The FCA register holds 3 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.
- ABC Clearing Ltd
- Otkritie Capital International Limited
- Otkritie Securities Limited
Names it no longer trades under
This firm has retired one trading name. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.
Show the retired name
- Otkritie Brokerage
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