Your assets are held by BNY Pershing Securities Limited.
BNY Pershing is part of the Bank of New York Mellon Corporation, one of the world’s strongest financial institutions, with $52.1 trillion in client assets* under custody and/or administration.
In compliance with the Financial Conduct Authority’s Client Asset Rules, your investments are held on trust in accounts segregated from BNY Pershing’s own assets. In other words, they are ring-fenced from BNY Pershing’s own corporate assets. Therefore, in the unlikely event of default by Pershing, your assets would be allocated to you as the beneficial owner.
In addition, the FCA’s Client Asset Rules require BNY Pershing to perform regular checks to verify that investor assets held in trust are accurately recorded.
*As at 30 September 2024