↓
Menu ↓
  • Index
    • UPS News 17th November 2024
    • UPS News 10th November 2024
    • UPSN 3rd November 2024
    • UPS News 27 October 2024
    • UPS News 19th October 2024
    • UPS News 18th August 2024
    • UPS News 11th August 2024
    • UPS News 28th July and 4th August 2024 – VIP
    • UPS News- 14th & 21st July 2024
    • UPS News – 7th July 2024
    • UPS News – 30th June 2024
    • UPS News – 23rd June 2024 & UPS36 Island
    • UPS News -16th June 2024
    • UPS News – 9th June 2024
    • UPS News – 26th May 2024
    • UPS News – 19th May 2024
    • UPS News – 12th May 2024
    • UPS News – 5th May 2024
    • UPS News – 28th April 2024
    • UPS News – 21st April 2024
    • UPS News – 14th April 2024
    • UPS News 7th April 2024
    • UPSN 24th March 2024
    • UPSN 17th March 2024
    • UPSN 4th February 2024
    • UPS News 28 January 2024
    • UPSN 21 January 2024
    • UPS News 14th January 2024
    • UPS News 7th January 2024
    • UPS News 24th December 2023
    • UPS News 18th December 2023
    • UPS News 26 November 2023
    • MAPU-UPS34
    • UPS index-main
    • Homepage

Unique Property Syndicate

Details of the 36 Unique Property Club adventures and more.

Unique Property Syndicate
Home Menu ↓
Skip to primary content
Skip to secondary content
  • Page1
    • UniquePropertyBulletin
  • Articles
    • Rightmove & Secret Ingredient
    • UPS27 ~ The Video
    • Just One Room ~ UPS27
    • UPS24 Photo Archive
    • 2 Summers No Winters
    • UPS and Argyll Group
    • KYC Streamlined
    • Tax Allowance1
    • Important Share Certificates
  • Results
    • index
    • UPS24 1
    • UPS24 2
    • UPS24 3
    • UPS24 4
    • UPS24-5
    • UPS24 CBC Statements
    • UPS24 Decision
  • Joining Forms
    • MAPU-UPS34
    • Irrevocable Mandate
    • Sophisticated Investor Form
    • Angels’ Share
  • 1 to 6
    • UPS1 – Ship 1
    • UPS2 – Hotel 1
    • UPS3 – Light 2
    • UPS4 – Ship 3
    • UPS4 Completed
    • UPS5 – Hotel 2
    • UPS6 – Hotel 3
  • 7 to 12
    • UPS7 – Former Pub
  • 13 to 18
    • UPS 14
    • UPS17 – The Old Steading
    • UPS18 – Furlongs Garage x 2
  • 19 to 29
    • UPS19 – Light 19 – Candidate
    • UPS20 – Sir Thomas Crapper Project
    • UPS21 – NEW ***
    • UPS24 – Tried & Tested Protocol
      • UPS24 Nominals
      • UPS24 – Update: 25th January 2018
      • UPS24 4
    • UPS25 – Candidate
    • UPS26
      • Nominals
    • UPS28
    • UPS29 – Candidate
      • UPS NEWS 1 December 2020
      • UPS22 Vote Page1
      • News 22
      • News 21
      • UPS22 Plan Drawings
      • UPS30
        • UPS30 Membership Form
  • UniquePropertyBulletin
  • Contact
Home→UPS News 1 March 2018 →A1 Sannox Bay – – Sannox Bay Hotel – MOUNTAINS Behind

Image navigation

← Previous Next →

A1 Sannox Bay – – Sannox Bay Hotel – MOUNTAINS Behind

Published March 1, 2018 at 855 × 361 in Protected: UPS News 1 March 2018

Image navigation

← Previous Next →

IMPORTANT – Future Unique Property Syndicates & Property Clubs

With effect from 24th January 2013 (Commencement Order: http://tinyurl.com/krndhl6), all unique property-clubs shall be run so that they comply fully with the British Financial Service Act 2012 and related legislation unless an exemption applies. Smaller property-club syndicates with between 4 and 25 members may, subject to the agreement of those taking part, consider "Sophisticated Investor" protocols exempting certain FCA requirements. Larger property-club syndicates will require to make stringent efforts to ensure compliance with the Financial Conduct Authority Handbook and rules/statutes governing property-clubs. The formats will usually be one of the following: (i) Financial Conduct Authority registered and compliant entities operated as part of an FCA approved crowdfunder platform project, or: (ii) via Financial Conduct Authority PERG exempted protocols; (iii) Occasionally a "high-net-worth", or "sophisticated investor" funded property-club project may be undertaken; (iv) On one past occasion a public limited company (plc) was established as a vehicle for wider participation when membership looked to exceed general advisory guidelines on property-clubs: UNIQUE PROPERTY PLC. This entity ran it's course. However, it was a very expensive way of progressing our property-clubs as the laws surrounding public limited companies carry a significant add-on cost in terms of plc standard accountancy and legal advice ; (v) Direct FCA registered entities. Future unique property-syndicate/property-club projects may be structured along any one of the above mentioned protocols from (i) to (v). In addition future unique property-clubs may be established along limited liability partnership protocols (LLPs). For more comprehensive details on the who, what, why, where and when of unique property-clubs and syndicates, please take the time to read the content of this website. Thank you. Please note, the detail and information contained in this website is NOT in and of itself an invitation to subscribe for shares, NOR is the content here intended as a request for people to invest in a unique property project. If in doubt, please take advice from your accountant, bank manager or appropriately authorised financial adviser. MEMBERS SHOULD READ THE STATUTORY FINANCIAL GUIDELINES, TERMS & CONDITIONS AND FINANCIAL HEALTH WARNINGS PROVIDED WITHIN THIS WEBSITE AT THE MATERIAL SECTIONS. From 9th March 2017, the rebooted unique property syndicate projects provide a SELF-CERTIFICATION facility for members to fulfill requirements on Anti-Money Laundering legislation ID to ensure we do not fall foul of the solicitor-client-account-as-banker rules and related legislation. Unique Property clubs and syndicates prefer the ROYAL MAIL ID VERIFICATION facility as this is the most efficient available to satisfy the rules that apply to property-clubs. Further information at: https://www.royalmail.com/personal/identity-verification . THE VOLUNTEERS AT UNIQUE PROPERTY SYNDICATES AND CLUBS RECEIVE NO FEE NOR REMUNERATION. However, as the property-club projects and membership numbers grow, there is a risk of volunteer-burnout. So we will be establishing an asset backed annuity producing entity to pay for editorial + administrative + IT staff. Initially on a part time basis, and then if circumstances require and funds permit, this shall go to full-time employees. Please note, with effect from 9th March 2017 (UPS21) and until further notice, the Unique Property Syndicates shall be operating an "Angels' Share" policy to ensure prudent reserves are set aside for forthcoming payment of compliance and staff costs, together with general syndicate administration such as office, heat, light, telephone, postage, broadband and internet website hosting + maintenance etc. All property club-members are requested to read the appropriate "Angels' Share" documentation and sign/return this to UPS HQ, along with the Memorandum of Agreement (MAPU form) for club members and other related documents.

Unique Property Syndicates Ltd. Registered Number: SC403621.

Unique Property Syndicates Ltd., is an operating company tasked with the specific purpose of maintaining this members’ website: www.uniquepropertysyndicate.co.uk and does NOT operate any of the unique property projects. Each individual unique property syndicate is separate from this entity and run by the members of that property club. Each property syndicate is run on a stand-alone limited liability company basis by and for the benefit of the individual members partaking in that specific unique property purchase/resale. Any profit or loss will be attributed to the specific stand-alone company and it’s members as per the rules applicable to that particular property club pertaining at the time of operation.

© 2024 - Unique Property Syndicate
↑