Options Grant Terms & Conditions
Referral Programme Terms
These Programme Terms apply to Options granted under the Referral Programme. They form part of, and operate together with, the Investa Markets Customer Options Scheme constituted by the Customer Options Scheme Option Grant and the Scheme Rules set out in Schedule 1 to it (the Rules). Words and expressions defined in the Rules have the same meanings in these Programme Terms unless the context otherwise requires. If there is any conflict between these Programme Terms and the Rules, the Rules prevail in relation to the legal terms of the Option, and these Programme Terms prevail in relation to eligibility, qualifying conditions and allocation methodology under the Referral Programme.
1. Definitions
In these Programme Terms:
"Qualifying Period" means the seven (7) calendar day period beginning on the date the Referee's Account is opened.
"Qualifying Threshold" means the achievement by the Referee, during the Qualifying Period, of an equity balance of not less than £250 in their Account, whether by cash deposit, asset transfer or growth in the value of assets already held.
"Referee" means a new customer of Investa who is the subject of a referral under the Referral Programme.
"Referral Pool" means the maximum aggregate number of Options that may be granted under the Referral Programme, being 2,000 Options. Once the Referral Pool is exhausted, no further Options will be granted under this Programme.
"Referrer" means an existing customer of Investa who makes a referral under the Referral Programme.
2. Eligibility
2.1 A person is eligible to be a Referrer if, at the time of making the referral, that person:
(a) is a current customer of Investa with an open Account in good standing;
(b) is in compliance with the Customer Terms; and
(c) has not been notified by Investa that they are excluded from the Referral Programme.
2.2 A person is eligible to be a Referee if that person:
(a) is a UK resident;
(b) has not held an Account at any time during the 12 months immediately preceding the date of the
referral;
(c) opens an Account using a valid referral link or code supplied by a Referrer; and
(d) satisfies all of Investa's onboarding requirements, including know your customer, anti-money laundering, sanctions and fraud checks.
3. Qualifying for Options
3.1 Both the Referrer and the Referee become eligible for a grant of Options under the Referral Programme upon the Referee achieving the Qualifying Threshold during the Qualifying Period.
3.2 There is no requirement for the Referee or the Referrer to execute any trades to satisfy the Qualifying Threshold. The Referee may transact with their funds but is not required to do so. The Referee is not required to maintain the equity balance for any defined period after the Qualifying Threshold has been achieved; the Referee may remove funds from the Account at any point after the threshold is met, subject to standard processing, withdrawal, chargeback and fraud controls.
3.3 Investa will issue a Grant Notice to each of the Referrer and the Referee within a reasonable period after the Qualifying Threshold has been achieved. The Grant Notice will be accepted in accordance with clause 4 of the Rules.
4. Allocations and Limits
4.1 Subject to clauses 4.2 and 4.3, on each successful referral the Referrer and the Referee will each be granted Options in the number specified in their respective Grant Notices.
4.2 A Referrer may receive Options under the Referral Programme in respect of a maximum of 20 successful referrals. Once that limit is reached, no further Options will be granted to that Referrer in respect of subsequent referrals, but Referees referred by that Referrer may still be eligible.
4.3 No Options will be granted under the Referral Programme to the extent that the grant would cause the aggregate number of Options outstanding under the Referral Programme to exceed the Referral Pool.
5. Referrer's Role, Conflicts and Inducements
5.1 A Referrer is not authorised by Investa to make any representations or statements about Investa, the Customer Options Scheme, the Options or Investa's services beyond passing on a referral link or code supplied by Investa. Referrers must not modify or add to the materials supplied by Investa for use in connection with the Referral Programme.
5.2 A Referrer must disclose to each Referee, before the Referee opens an Account using the referral link or code, that the Referrer will or may receive Options or other benefits from Investa in connection with the referral.
5.3 A Referrer must not provide a referral link or code to any person to whom it would be inappropriate to market Investa's services, including (without limitation) any minor or any person to whom Investa has previously communicated the closure of their account.
6. Fraud and Abuse
6.1 Without limiting clause 7 of the Rules (Disqualification, Suspension and Cancellation), Investa may, acting reasonably:
(a) decline to grant Options;
(b) void any Options already granted; or
(c) close the relevant Account in accordance with the Customer Terms,
if it determines that the Referrer or the Referee has engaged in fraudulent, abusive, manipulative or artificial behaviour designed to obtain a benefit under the Referral Programme to which they would not otherwise be entitled. This includes, without limitation, the use of VPNs or other tools to misrepresent identity or location, the use of multiple identities, household or related-party referrals designed to circumvent the limit in clause 4.2, synthetic, automated or bot activity, and coordinated referral campaigns.
7. Relationship with the Rules
7.1 All other terms governing the Options granted under the Referral Programme (including (without limitation) settlement on a Liquidity Event, lapse, no shareholder rights before settlement, conflicts of interest, complaints, FSCS, tax, data protection, limitation of liability, governing law and jurisdiction) are set out in the Rules. Option Holders should read these Programme Terms together with the Rules, the Key Facts Document and the Grant Notice.
Historical Activity Grant Programme Terms
These Programme Terms apply to Options granted under the Historical Activity Grant Programme. They form part of, and operate together with, the Investa Markets Customer Options Scheme constituted by the Customer Options Scheme Option Grant and the Scheme Rules set out in Schedule 1 to it (the Rules). Words and expressions defined in the Rules have the same meanings in these Programme Terms unless the context otherwise requires. If there is any conflict between these Programme Terms and the Rules, the Rules prevail in relation to the legal terms of the Option, and these Programme Terms prevail in relation to eligibility, qualifying conditions and allocation methodology under the Historical Activity Grant Programme.
1 Definitions
In these Programme Terms:
"Additional Grant" means an additional grant of Options under clause 4 of these Programme Terms.
"Eligible Client" means a person who satisfies the eligibility requirements in clause 2 as at the Point of Determination.
"Point of Determination" means the date determined by the Board on which the population of Eligible Clients and the initial allocation of Options under this Programme is fixed.
2 The Programme
2.1 The Historical Activity Grant Programme is a one-off, retrospective Programme designed to recognise the historical custom of early customers of Investa. It does not reward future trading volume or activity and is not intended to incentivise any future trading or other behaviour.
3 Eligibility
3.1 A person is an Eligible Client if, at the Point of Determination, that person:
(a) is a UK resident;
(b) is a current customer of Investa with an open Account in good standing;
(c) is in compliance with the Customer Terms; and
(d) has satisfied all of Investa's onboarding requirements, including know your customer, anti-money laundering, sanctions and fraud checks.
4 Allocations
4.1 Each Eligible Client will be offered a grant of between one (1) and one hundred and ninety-six (196) Options. Every Eligible Client is guaranteed an offer of at least one (1) Option.
4.2 The precise number of Options offered to each Eligible Client will be determined by the Board on the basis of the Eligible Client's historical activity prior to the Point of Determination, calculated on a retrospective basis using objective factors selected by the Board. The Board's determination is final, save that Investa will provide, on request, a description of the methodology used.
5 Additional Grant
5.1 An Eligible Client who, as at the Point of Determination, has an active Account but has not previously funded their Account may receive an Additional Grant of four (4) Options if, within 14 calendar days of receiving their Grant Notice, they achieve an equity balance of at least £250 in their Account.
5.2 Clause 3.2 of the Referral Programme Terms (no requirement to execute trades and no requirement to maintain the balance) applies to Additional Grants as it applies to qualifying under the Referral Programme.
6 Fraud and Abuse
6.1 Without limiting clause 7 of the Rules (Disqualification, Suspension and Cancellation), Investa may, acting reasonably, correct or revoke any allocation under this Programme where there has been manifest error, duplicate Accounts, fraudulent, abusive, manipulative or artificial behaviour, breach of the Customer Terms, or inaccurate Account records.
7 Relationship with the Rules
7.1 All other terms governing the Options granted under the Historical Activity Grant Programme (including (without limitation) settlement on a Liquidity Event, lapse, no shareholder rights before settlement, conflicts of interest, complaints, FSCS, tax, data protection, limitation of liability, governing law and jurisdiction) are set out in the Rules. Option Holders should read these Programme Terms together with the Rules, the Key Facts Document and the Grant Notice.