These Terms and Conditions were last revised in May 2014
The CHF Media Fund, a combined SEIS and EIS fund, which seeks to make investments in SEIS and EIS qualifying companies which carry on the business of developing and producing children’s and family entertainment shows, and then monetising their content, is managed by Sapia Partners LLP, a limited liability partnership registered in England and Wales with the registered number OC354934 and whose registered office is at 134 Buckingham Palace Road, London SW1W 9SA (the “Manager”).
CHF Enterprises Limited, a private limited company incorporated in England with the registered number 08321672 and with its registered address at The Towers, Towers Business Park, Didsbury, Manchester M20 2SL, will be the strategic adviser to the Manager during the operation of the CHF Media Fund (“CHF Enterprises”).
The Manager is authorised and regulated by the FCA under number 550103. The Manager has approved the content of this section of website relating to the CHF Media Fund and the information memorandum in respect of the CHF Media Fund (the “IM”) for the purpose of section 21 of the Financial Services and Markets Act 2000.
The information on this website is directed only at persons in the UK and does not constitute advice of any kind (including investment, legal or tax advice). It does not amount to an offer or invitation to buy or sell an investment in any fund referred to on this website. It also does not solicit any offer or invitation from companies seeking investment capital in any jurisdiction other than the UK.
Persons resident in territories other than the UK should consult their professional advisers as to whether they require any governmental or other consent or need to observe any formalities to enable them to invest in the products described in these pages.
Investors should not rely on any information or opinions contained in this website in making an investment or other decision but should obtain appropriate and specific professional advice.
Applications to invest in the CHF Media Fund should ONLY be made on the basis of the information set out in the IM and the terms and conditions of the applicable investor’s agreement.
Applications for investment in the CHF Media Fund from prospective investors who would be deemed to be “retail clients” of the Manager will be accepted only where in the view of the Manager, such investment in the CHF Media Fund is suitable for that investor in accordance with COBS 9.2. Such assessment of suitability will be based on whether the investment in the CHF Media Fund meets the investor’s personal investment objectives, he or she is able to financially bear any related investment risks consistent with his or her investment objectives; and that he or she has the necessary experience and knowledge in order to understand the risks involved in relation to the CHF Media Fund.
As a prospective investor in the CHF Media Fund, you should be aware that there are numerous risks associated with venture capital and particularly investments that qualify for tax relief under the Seed Enterprise Investment Scheme (“SEIS”) and the Enterprise Investment Scheme (“EIS”) which the CHF Media Fund is intending to make. Those risks that the Manager is aware of and deems to be material are set out in detail in the IM and prospective investors should thoroughly read, understand and familiarise themselves with these risks and consult an authorised financial adviser prior to making any investment in the CHF Media Fund. However, you should note that there may be additional risks that the Manager is not aware of or currently believes not to be material which may have a detrimental effect on the value of investments.
Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up, in which case an investor may not get back the amount invested. Investments in small unquoted companies carry an above-average level of risk.
Investing in smaller, unquoted companies which constitute SEIS and EIS qualifying companies is a high risk investment strategy. Proper information for determining the value of SEIS and EIS investments or the risks to which they are exposed may not be available. Investment in such SEIS and EIS companies can offer good investment returns but by its nature is illiquid and uncertain and consequently involves a higher degree of risk than a portfolio of quoted shares. Realisation of investments in unquoted companies can be difficult and may take considerable time. There is no liquid market on any public exchange or elsewhere; as such, an investment in the type of companies in which the CHF Media Fund will invest will not be readily realisable.
To qualify for the up-front SEIS and/or EIS income tax relief and the various capital gains reliefs, an investor must retain their shares in an investee company for a minimum period of three years from the subscription date. Failure to do so will lead HMRC clawing back any of the reliefs claimed. HMRC may also claw back any reliefs claimed, if the investor has received value from an investee company.
Furthermore, although the Manager will take reasonable steps to ensure that investee companies are qualifying companies for the purposes of the SEIS and EIS, there is a possibility that an investee company may lose its qualifying status and again, this may lead to tax reliefs being clawed back by HMRC in relation to that particular investment. The Manager can make no guarantees as to an investee company’s qualifying status for SEIS.
Investors should also be aware that while the CHF Media Fund has been set up to comply with current legislation, it may be the case that the EIS and the SEIS and applicable legislation is amended or withdrawn leading to the withdrawal of any opportunities for tax reliefs.
Any information you provide to us will be used to administer your requirements and determine the information and documentation that we will send you.
Occasionally we may also use your details to inform you of other features, services and products which we think you may be interested in and we may contact you by post, fax, email or telephone. We will keep your personal information confidential except to the extent that we are compelled to disclose it by law or to comply with an instruction of a regulatory body of competent jurisdiction. To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all appropriate measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.
CHF Enterprises will take reasonable care to ensure that the information provided on this website is accurate and up to date, although no representations or warranties are given of any kind, express or implied, with regard to the accuracy or completeness of this information.
CHF Enterprises and its directors, employees and officers exclude all liability and responsibility in connection with the use of this website. Users of this website do so entirely at their own risk.
CHF Enterprises may amend the content of this website or any part of it, or may periodically make it unavailable for updating, with or without notice, at any time, and are not liable to users of this website for any effect thereof.
The above limitations and exclusions do not purport to apply to liability for fraud, or for death or personal injury caused by negligence.
Tax assumptions are subject to statutory change and the value of tax reliefs will depend on your individual circumstances. The tax reliefs available to certain investors in SEIS and EIS companies are dependent on the company maintaining HM Revenue & Customs approval. If this approval is withdrawn, a company will lose its status and all tax reliefs are likely to be cancelled. UK based investors must retain their shares for three years to retain the up-front income tax relief. Prospective investors should ensure that they read the risk warnings set out in the IM.
If you have any queries regarding this website, or would like further information about the CHF Media Fund, you may send an email to firstname.lastname@example.org or telephone 0845 512 1000. Full contact details for the CHF Media Fund are available on the Contact Us page of this website.
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