Kylin Prime Capital LLP received tremendous news from the UK Financial Conduct Authority this week as the regulatory body announced that we have been granted full scope Alternative Investment Fund Management (AIFM) and investment management permission. This means we can now provide regulated products and services in the UK and in other European Economic Area (EEA) including Passport Out authorization in Ireland and Portugal; providing discretionary and advisory investment management services to High-Net worth Investors (HNWI’s).  All onboarded clients must be classified as Professional Clients under FCA categorization COB 3.5.3. 

Regulated products and services include:

United Kingdom              

• Advising on Investments
• Agreeing to carry on a regulated activity
• Arranging deals in Investments
• Arranging safeguarding and administration of assets
• Dealing in investments as agent
• Making arrangements with a view to transactions in investments
• Managing investments

Ireland & Portugal (Passport Out)

• Management of Alternative Investment Funds (AIFs)
• Management of Portfolios of investments

Kylin Prime Group Chief Operating Officer Ms. Lingling Wu hailed the announced as a “formal recognition of our professionalism, dedication, and excellence. The commitment our team has shown leading up to today’s news has been second to none and we are extremely excited to offer investors a comprehensive range of high-growth potential commercial property investment opportunities in the greater London area, as well as global asset allocation opportunities”.

This latest update builds upon an already very successful first half of 2018 for our group with the prior approval of Kylin Prime Asset Management Ltd to operate as a full scope AIFM by the Cyprus Securities and Exchange Commission (CySEC). Both authorities conduct strict due diligence and stress testing to ensure that only qualified, highly adept firms become fully authorised to provide AIFs to qualified investor. As a growing business, these formal recognitions of professionalism and competence are yet more notable milestones in our global development.

Further information regarding this approval is available on the Financial Conduct Authority website: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b00000410PhGAAU