Legal & Regulatory

Terms of Business

These pages contain information about the services and products of Collins Sarri Statham Investments Ltd (hereafter referred to as CSSI).

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Privacy Statement

CSSI understands the importance of protecting the personal information given to us by clients and prospective clients. All data held will be handled in accordance with the UK’s Data Protection Legislation. We may disclose your personal information to our successors in title to our business and to third party suppliers we engage (under contact) to process data on our behalf. For example, Saxo Capital Markets UK Ltd (SCML) will be sent the information contained on your account application form as your trading account will be opened with SCML These companies acting on our behalf are required to keep your personal information secure. Where we are required, your personal information may be disclosed to an applicable Government, Regulatory or Enforcement Authority. These Authorities may then use your personal information to investigate and act on any suspected breach of Law or Regulatory Rule. The personal information we hold is only used for establishing and managing your account and to help us identify you when you contact us. We may, from time to time, use your details to send you marketing literature that we believe may be of interest to you, unless you indicate to us that you would prefer not to receive it.

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Nothing in these terms and conditions shall exclude or limit or restrict our duties and liabilities to you under the Financial Services and Markets Act 2000.
These pages contain information about the services and products of CSSI. The material is provided for informational purposes only without regard to any particular user’s investment objectives, financial situation, or means. Hence, no information contained herein is to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. CSSI does not guarantee the accuracy or completeness of any information or analysis supplied. CSSI shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service. CSSI accepts no responsibility or liability for the contents of any other site, whether linked to this site or not, or any consequences from your acting upon the contents of another site. Opening this website shall not render the user a customer of CSSI nor shall CSSI owe such users any duties or responsibilities as a result thereof.

Risk warnings

General Risk Warning

Trading in the products and services offered by Collins Sarri Statham Investments Ltd (CSS) may, result in losses as well as profits as the value of investments may go down as well as up. You may not get back the full amount you have invested. Any reference to past performance should not be viewed as an indication of any future performance. Investments held in overseas markets are subject to the effects of changes in exchange rates which will impact on the value of the underlying investment. Investments made in AIM and penny shares carry an increased risk due to the difficulty in creating a market in these shares. There may be a substantial difference in the buy and sell price. Leveraged products such as Contracts for Difference (CFDs), derivatives, commodities & Foreign Exchange (FX), carry a higher risk to your capital. They can lose their value rapidly and you may lose substantially more than your initial investment.

CFDs Risk Warning

You should not deal in CFDs (Contract for Differences) unless you understand their nature and the extent of your exposure to risk. Please note that CFDs are considered high risk products.

You can lose more than your initial deposit rapidly and substantially. You should be satisfied that the product is suitable for you in the light of your circumstances and financial position.

In deciding whether to trade in CFDs, you should be aware of the following points: CFDs can only be settled in cash; Investing in a CFD/Spread Bets carries the same risks as investing in a future or an option or other derivative product; Transactions in CFDs may also have a contingent liability and you should be aware of the implications of this as set out below.

Contingent liability investment transactions, which are margined, require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately. If you trade in contracts for differences, you may sustain a total loss of the margin you deposit with your firm to establish or maintain a position. If the market moves against you, you may be called upon to pay substantial additional margin at short notice to maintain the position. If you fail to do so within the time required, your position may be liquidated at a loss and you will be responsible for the resulting deficit. Even if a transaction is not margined, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered the contract.

Before you begin to trade, you should obtain details of all commissions and other charges for which you will be liable. If any charges are not expressed in money terms (but, for example, as a percentage of contract value), you should obtain a clear and written explanation, including appropriate examples, to establish what such charges are likely to mean in specific money terms. In the case of futures, when commission is charged as a percentage, it will normally be as a percentage of the total contract value, and not simply as a percentage of your initial payment.

Smaller Companies Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including “penny shares”. There can be a big difference between the buying price and the selling price of these shares and if they have to be sold immediately, you may get back much less than you paid for them or in some circumstances, it may be difficult to sell at any price. It may also be difficult for you to obtain reliable information about the value of this investment or the extent of the risks to which it is exposed.

Foreign Exchange Risk Warning

Foreign exchange trading and investments based in currencies other than local currency (GBP) may be affected by changes in the exchange rate that may cause the income or value of the investment to go up or down.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss greater than your initial deposit.

Investment Trust Warning

Investment Companies including investment trusts use or may have the ability to use gearing as an investment strategy or may invest in companies that use gearing. Movements in the price of these securities may be more volatile than the movement in the price of the underlying investment. The investments may be subject to sudden and large falls in value and you may get back nothing at all if the fall in value is sufficient large.

Exchange Traded Funds (ETFs) Risk Warning

ETFs are investment funds, traded like shares which hold assets such as shares, commodities or bonds. They normally closely track the performance of a financial index, and as such, their value can go down as well as up and you may get back less then you originally invested. Some ETFs rely on complex investment techniques, or hold riskier underlying assets, to achieve their objectives.

The value of an ETF may be affected by market values, interest rates, exchange rates, volatility, dividend yields and issuer credit ratings. These factors are interrelated in complex ways and, as a result, any losses or gains could be magnified.

Bond Risk Warning

Bonds are loans to a government or company. They are also known as debt instruments, and cover the categories of Debt Securities and Fixed Income instruments. Generally, they will be more stable than share-based investments but in some circumstances (particularly when interest rates are changing) they can be more volatile. In the event of an issuer experiencing financial difficulty there may be a risk to some or all of the capital invested.

Emerging Markets Risk Warning

Emerging markets tend to be more volatile and illiquid than more mature markets and this lack of liquidity may mean that from time to time you might experience difficulty in realising your investment;. therefore your investment is at greater risk. Political risks and adverse economic circumstances are more likely to arise, again putting the value of your investment at risk. These markets also expose your investment to foreign exchange risk.

Social Media Disclaimer

Collins Sarri Statham Investments is a privately owned stockbroker, authorised and regulated by the Financial Conduct Authority (No. 483868). CSSI use social media sites such as Twitter and Linkedin. Comments/post on such sites should not be taken as advice, so the information & material above does not contain (and should not be construed as containing) investment advice/recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. If you need to contact us to discuss these comments, please e-mail any feedback or questions to

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