Regulatory capital

Important information about our financial position

As an FCA regulated, MIFID Investment Firm, Seccl Custody Limited must adhere to the Investment Firms Prudential Regime (IFPR). The IFPR rules introduce, among other aspects, capital, liquidity, reporting and governance requirements for MIFID Investment Firms.

Seccl’s IFPR Disclosure can be found here.

As the disclosure demonstrates, Seccl maintains a suitable own funds and liquid assets buffer, over and above our regulatory requirement. Our business plan has been designed to ensure this position holds through our company’s growth.

Meanwhile, Octopus, our parent company, has more than £70m surplus available cash after allowing for regulatory requirements. The Group (which includes Octopus Investments as the FCA regulated manager of all its investment products) is well capitalised, with no corporate debt and significant financial reserves and is enthusiastic about supporting Seccl’s growth ambitions over the coming years. Octopus’s IFPR Disclosure can be found here.

Last updated: December 2023