PART 1: INTRODUCTION
1. INTERPRETATION
1.1 These Terms and Conditions (the “Terms”) form part of a binding legal agreement (the “Client Agreement”) between you (“you”, “your”, the “Client”) and the Company (“we”, “us”, “our”).
1.2 If you do not understand any provision, you should seek independent legal advice prior to accepting the Client Agreement. Continued use of the Platform constitutes acceptance of the Terms as amended from time to time.
1.3 Where there is any conflict between these Terms and a specific Portfolio document (including an Information Memorandum, Subscription Agreement, or mandate letter) the specific Portfolio document shall prevail to the extent of the conflict.
1.4 References to laws, regulations, rules, or guidance include amendments, replacements, and re-enactments thereof.
1.5 Headings are for convenience only and do not affect interpretation. Words in the singular include the plural and vice-versa.
1.6 A reference to “including” shall be construed as “including without limitation” unless the context indicates otherwise.
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- DEFINITIONS
2.1 “Account” means your registered account on the Platform and any sub-accounts, wallets, profiles, permissions, and security identifiers associated with it.
2.2 “Applicable Law” means any law, regulation, rule, sanction, order, direction, or requirement applicable in United Arab Emirates (UAE) or otherwise, applicable to the Company’s operations, including AML/CTF and sanctions requirements.
2.3 “Audit Period” means any period during which the Company, its administrator, or its appointed auditors are validating, reconciling, or reviewing records, balances, controls, or transactions.
2.4 “Capital” means principal funds allocated by you into a Portfolio.
2.5 “Capital Reimbursement” means the return of Capital principal following maturity and subject to the PRP and any applicable Portfolio restrictions.
2.6 “Client Investment Profile” means the profile, onboarding information, risk disclosures, and portfolio selection information you provide and that we rely upon when administering services.
2.7 “Connected Investments” means investments issued, managed, or administered by the Company or an affiliate, or where an affiliate provides services to the investment.
2.8 “Competent Authority” means any governmental, regulatory, supervisory, law enforcement, tax, sanctions, or judicial authority with jurisdiction over you, the Company, or relevant transactions.
2.9 “Income” means profit, yield, distributions, or income credits attributed to your Portfolio, whether compounded or paid out, and net of applicable fees/expenses where relevant.
2.10 “Income Wallet” means an administrative ledger display of Income credits subject to reconciliation, compliance clearance, and operational processing.
2.11 “Lock-Up Period” means a strict, non-waivable period during which invested Capital, once accepted and allocated to the Portfolio, may not be withdrawn, redeemed, or otherwise accessed.”
2.12 “Platform” means the LGMCORP Platform, the website(s), dashboard(s), and related systems used for account access, operational servicing, and portfolio reporting.
2.13 “Portfolio” means any plan, mandate, fund, or portfolio allocation administered by the Company, including any sub-portfolio or strategy sleeves.
2.14 “PRP” means the Portfolio Reimbursement Plan governing the submission, validation, sequencing, staging, and fulfillment of reimbursements (Capital and, where applicable, Income).
2.15 “Processing Cycle” means a scheduled operational reimbursement cycle (including batching windows, cut-off times, and settlement workflows).
2.16 “Services” means the portfolio administration, dealing support, custody/settlement coordination, reporting, and investor servicing provided under the Client Agreement.
- TERMS OF BUSINESS
3.1 Subject to acceptance of your onboarding and compliance checks, we will provide the Services as described in the Client Agreement and any applicable Portfolio documents.
3.2 You appoint us as portfolio administrator and (where specified) discretionary manager for the purposes of administering Portfolios in accordance with your Client Investment Profile and selected Portfolio mandate.
3.3 You acknowledge that private portfolios are not bank deposits and are not designed for on-demand liquidity; liquidity is managed through the PRP, Processing Cycles, and Portfolio liquidity constraints.
3.4 We may rely on the information you provide (including KYC details, source-of-funds information, and wallet addresses). You are responsible for ensuring it remains accurate and up to date.
3.5 We may use third-party service providers (including administrators, operators, custodians, banks, payment processors, and verification vendors) and may disclose information to them where necessary to provide the Services.
- SUMMARY OF THE TERMS
Part 1: Explains interpretation and definitions used throughout the Client Agreement.
Part 2: Sets out information about the Company, the effective date and how the Client Agreement may be amended or terminated.
Part 3: Describes investment management, dealing, reporting, valuation, and AML procedures.
Part 4: Addresses client protection topics, including data protection and conflicts of interest.
Part 5: Explains custody/settlement coordination, income collection mechanics, and rights to retain funds for compliance and reconciliation.
Part 6: Sets out representations, undertakings, liabilities, and limitations of liability.
Part 7: Covers portfolio administration, instructions, communications, and special account circumstances.
Part 8: Includes confidentiality, notices, force majeure, assignment, waiver, entire agreement and governing law.
