Beaufort Asset Clearing Services Limited (“BACSL”) in special administration (the “Special Administration”) - Bar Date Notifications

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Client Assets and Client Money Bar Date Notifications: 8 June 2018 

Please click here to download important documents which require action to be taken by you.

 

Client Portal

Please click here to access the Client Portal.

The Portal is an interactive platform that allows you to access information about your personal client asset and client money entitlements as at 1 March 2018. The Bar Dates for submitting your client assets and client money have been set for 8 June 2018.

It is very important that you review your client asset and client money statements carefully. These set out the Special Administrators' understanding of the extent of your entitlement to client assets and/or client money based on the information contained in the books and records held by BACSL.

If you disagree with the client assets and/or client money statement, you should notify the Special Administrators of this by the 8 June 2018 with details of the discrepancy and supporting evidence. If you fail to notify the Special Administrators of your disagreement prior to the passing of the 8 June 2018, this may adversely affect the extent of any distribution that is subsequently made to you.

If you agree with the Statements, please confirm your agreement using the Portal. The more clients that do so, the more this will facilitate a smooth and fast return of client assets and client money in the course of the Special Administration. In agreeing with your Statements, you are confirming that it represents an accurate picture of your entitlement to client assets and client money as at 1 March 2018.

Russell Downs, Douglas Nigel Rackham, and Dan Yoram Schwarzmann have been appointed as joint administrators by the High Court to manage the
affairs, business and property of Beaufort Securities Limited.  Russell Downs, Douglas Nigel Rackham, and Dan Yoram Schwarzmann have also been appointed as joint special administrators by the High Court to manage the affairs, business and property of Beaufort Asset Clearing Services Limited. The Administrators and Special Administrators act as agents of the companies, without personal liability.  All are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales.  The Administrators and Special Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
The Administrators and Special Administrators are Data Controllers of personal data as defined by the Data Protection Act 1998.  Personal data will be kept secure and processed only for matters relating to the appointment.

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