Citadel Trustees Ltd. granted Part IV Permission by the UK Financial Services Authority

Citadel Trustees Ltd (Citadel) is pleased to announce that it has recently been granted Part IV permission by the UK Financial Services Authority (FSA), which means that, on behalf of its clients, it can now carry out certain regulated activities in the UK under the terms of the Financial Services & Markets Act 2000, thus enabling the company to expand its B2B services to a much wider client base.

Joy Pope, Director, commented "The authorisation process is long, detailed and expensive, involving a very rigorous investigative program with the FSA which, together with the consultancy process, has lasted well over 12 months, and Citadel is very proud to have been granted this permission."

In more specific terms, the permission means that Citadel can now be involved in the establishment and management of unregulated collective investment schemes and therefore Citadel's clients will be able to bring their products to market in a fraction of the time it would normally take.

Joy added "As our clients have expanded their field of business into new and more innovative projects, their scope of activity has begun to reach out into projects involving an element of investment, pooled income or shared profits for their clients. It is not commonly understood that the marketing and sale of such projects to UK purchasers, outside the FSA guidelines, is a criminal offence and has resulted in many successful and otherwise reputable projects being closed down overnight.

Now, using Citadel's FSA authorisation, all such projects may be launched and sold to UK residents, through Independent Financial Advisors (IFAs), very quickly and without fear of impromptu closure by the authorities."

Citadel Trustees Ltd. is a fully owned subsidiary of Hutchinson & Co Trust Company Ltd. and was formed in 2007 as a specialist Trustee with a principle focus on emerging products, in particular those requiring stakeholder and escrow activities as well as Hotel buy-to-let schemes and other leisure related investment products. For further information about Citadel and their range of services and activities, please contact Christopher Allen, Associate Director for Client Services and Business development, by email chrisallen@citadeltrustees.com or, call the company's UK Head Office +44 (0) 1276 482015/16