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Security

Hargreaves Lansdown is one of the leading providers of investment management products and services to private investors in the UK. During our 30 years in business, we have placed investments for over half a million clients. We currently look after more than £30.4 billion for our clients.

We have grown our business organically by aligning our interests with those of our clients. We don't act as a bank, we have no borrowings and we have no exposure to sub-prime assets. Most of the assets of the directors and senior managers are tied up in the business. Directors and staff own well over 60% of the equity and this means they have a very significant interest in protecting the company.

The business is managed conservatively, with a long serving employee base. Our growth has been achieved without borrowing and we have robust internal controls and audit procedures.

Regulation

Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority. The Currency Service is authorised by the Financial Conduct Authority (FCA) as a Payment Institution under the Payment Services Regulations 2009. Our Firm Reference number is 149970. You can look this up on the FCA register website.

Security of client funds

The Payment Services Regulations 2009 stipulate all funds held in such accounts cannot be claimed by creditors. All funds sent to us are held in segregated accounts which are only used for client transactions and are independent of Hargreaves Lansdown's business accounts, so any creditors of Hargreaves Lansdown would have no legal right to it, we cannot use any of this money to cover Hargreaves Lansdown's obligations, and it is subject to controls and procedures over and above those required by the FCA.

Please note, companies registered by the FCA, but not authorised, are not obliged to segregate client funds.

Our policy for choosing the banks in which we hold client money is continually reviewed and the primary consideration is always security. We monitor the performance and security of a range of banks to ensure we are able to anticipate and react to changing economic and institutional conditions. The Financial Services Compensation Scheme (FSCS) is backed by government and protects clients’ deposits up to £75,000 in the unlikely event that a bank, building society or credit union defaults. A client’s individual protection will depend on their aggregate balances held by that institution; further information is available on the FSCS website.

All Hargreaves Lansdown Group companies are registered in England and Wales and consequently are governed by the Companies Act, which includes a requirement to have the financial accounts audited each year by independent accountants. We currently use the international firm Deloitte, which is one of the big four chartered accountants in the world. They also carry out our regulatory audit.

The Hargreaves Lansdown Currency Service is a trading name of Hargreaves Landsdown Stockbrokers Limited, which is a wholly owned subsidiary of Hargreaves Lansdown Plc, One College Square South, Anchor Road, Bristol, BS1 5HL. Company Registered in England & Wales No. 1822701. Hargreaves Lansdown Currency Service is provided by Hargreaves Lansdown Stockbrokers Ltd which is authorised by the Financial Conduct Authority (FCA) as a Payment Institution under the Payment Services Regulations 2009. The Firm Reference number is 149970. You can look this up on the FCA register website. The marketing of the service is not regulated by the FCA.