Acerca de las cuentas de depósito en garantía para los valores sancionados

Overview: 

Si usted posee valores sujetos a las sanciones abarcadoras impuestas por la Oficina de Control de Activos Extranjeros ("OFAC") del Departamento del Tesoro de los EE. UU., se ha abierto una cuenta de depósito en garantía en su nombre.
 

¿Por qué tengo una cuenta de depósito en garantía?

Hemos creado una “cuenta de depósito en garantía” para que mantenga las posiciones en valores sancionados, de modo que estén segregados del resto de sus tenencias de conformidad con las normativas relativas a las sanciones.


¿Qué es una cuenta de depósito en garantía?

Esta cuenta de depósito en garantía se utilizará para mantener sus valores sancionados, los cuales no se pueden negociar ni transferir.


¿Puedo cancelar mi cuenta de depósito en garantía?

No, no puede cancelar su cuenta de depósito en garantía mientras mantenga valores sancionados.


¿Cómo puedo acceder a mi cuenta de depósito en garantía?

Las cuentas de depósito en garantía estarán visibles en Client Portal de la misma manera que el resto de las cuentas que tengan los clientes. Tendrá acceso de solo lectura a la nueva cuenta de depósito en garantía y obtendrá extractos e informes.


¿Recibo intereses o dividendos sobre los activos mantenidos en la cuenta de depósito en garantía?

Sí, todo interés o dividendo pagado por el emisor se acreditará a la cuenta de depósito en garantía. Estos fondos no se podrán transferir a su cuenta diferente de la cuenta de depósito en garantía ya que también están sujetos a las sanciones.


¿Cómo afectan los activos en la cuenta de depósito en garantía el valor liquidativo (NAV) de mi cuenta?

Su cuenta de depósito en garantía está vinculada a su cuenta o cuentas regulares, pero el capital de la misma no se considera parte del valor de las cuentas diferentes a la cuenta de depósito en garantía ya que estos valores están sujetos a sanciones.


¿Cómo afectan los activos mantenidos en la cuenta de depósito en garantía mis límites de margen?

Los valores sancionados no aceptan margen y no se pueden utilizar como garantía para respaldar otras posiciones.


¿Cómo puedo generar extractos para la cuenta de depósito en garantía?

Puede generar extractos mediante Client Portal de la misma manera en que lo haría para su cuenta regular.


¿Puedo generar extractos separados y combinados para mis cuentas?

Sí, los extractos deben generarse de la misma forma en que lo haría si usted mantuviera varias cuentas diferentes de la cuenta de depósito en garantía.


¿Puedo deducir de mis impuestos los activos retenidos en la cuenta de depósito en garantía?

El impacto fiscal de los activos en su cuenta de depósito de garantía puede variar en función de su ubicación. Interactive Brokers le recomienda consultar con un asesor fiscal local para entender las repercusiones fiscales específicas de estos valores sancionados.


¿Soy responsable de pagar impuestos sobre los intereses o dividendos de los activos retenidos en la cuenta de depósito de garantía?

Como se menciona anteriormente, el impacto fiscal de los activos en su cuenta de depósito de garantía puede variar en función de su ubicación. IBKR le recomienda consultar con un asesor fiscal local para entender las repercusiones fiscales específicas de estos valores sancionados.


¿Está mi cuenta de depósito en garantía sujeta a las mismas protecciones que mi cuenta de corretaje de IBKR?

Sí, sus activos permanecerán en la cuenta de depósito en garantía, pero tienen las mismas protecciones que su cuenta de corretaje de IBKR.

About Escrow Accounts for Sanctioned Securities

Overview: 

An escrow account was opened in your name if you own securities that are subject to comprehensive sanctions imposed by the US Treasury Department's Office of Foreign Asset Control ("OFAC").
 

Why do I have an escrow account?

We created an “escrow account” for you to hold positions in sanctioned securities so they are segregated from your other holdings in accordance with sanctions regulations.


What is an escrow account?

This escrow account will be used only to hold your sanctioned securities, which cannot be traded or transferred.


Can I cancel my escrow account?

No, you are not able to cancel your escrow account so long as you hold sanctioned securities.


How do I access my escrow account?

Escrow accounts will be visible in Client Portal in the same way as all other accounts owned by the clients. You will have read only access to the new escrow account and obtain statements & reports.


Do I earn any interest / dividends on the assets held in escrow?

Yes, any interest or dividends paid by the issuer will be credited to the escrow account. These funds are not transferrable to your non-escrow account as they are also subject to sanctions.


How do assets held in escrow affect my account’s NAV?

Your escrow account is linked to your regular account(s) but its equity is not considered part of the value of your non-escrow account(s), as these securities are subject to sanctions.


How do assets held in escrow affect my margin limits?

All sanctioned securities are non-marginable and cannot be used as collateral to support other positions.


How do I generate statements for the escrow account?

You can generate statements through Client Portal just as you would for your regular account.


Can I generate separate and combined statements for my accounts?

Yes, statements should be generated in the same way you would if you held multiple non-escrow accounts.


Can I write off assets held in escrow from my taxes?

The tax impact of your escrowed assets may vary by your location. Interactive Brokers recommends you consult with a local tax professional to understand the specific tax impacts of these sanctioned securities.


Am I responsible for paying taxes on interest / dividends on assets held in escrow?

As stated above, the tax impact of your escrowed assets may vary by your location. IBKR recommends you consult with a local tax professional to understand the specific tax impacts of these sanctioned securities.


Is my escrow account subject to the same protections as my IBKR brokerage account?

Yes, your assets will remain in the escrow account but have the same protections as your IBKR brokerage account.

Information Regarding IBUK JISA (Junior Individual Savings Account)

1.       What is a Junior ISA and what benefits does it offer your child?
 
Junior ISAs (Individual Savings Accounts), or JISAs, were introduced as a replacement for Child Trust Funds (CTFs). A Junior ISA is a tax-free savings or investment account to save or invest in for your child. There are two types of Junior ISA: a Junior cash ISA that pays interest, and a Junior stocks and shares ISA that lets you invest in “qualifying instruments” such as stocks and shares, funds, etc. The interest on cash accumulates on a tax-free basis, as does income and capital gains made on investments.
 
A Junior stocks and shares ISA is not an investment in its own right. The best way to think of a Junior stocks and shares ISA is as a ‘wrapper’ with which you can shelter your child’s savings and investments from both Income Tax and Capital Gains Tax. The IBUK Junior Stocks and Shares ISA lets you choose from a range of investments to invest in for your child (see below section 12 ‘What can I invest in for my child?’). You can select and manage your child’s IBUK Junior Stocks and Shares ISA yourself or arrange for your financial advisor to do so on your behalf (see below section 9 ‘Can I appoint a financial advisor to manage, on a discretionary basis, my child’s IBUK Junior Stocks and Shares ISA?’).
 
2.       What ISA types are offered at IBUK?
 
Interactive Brokers (U.K.) Limited (IBUK) only offers stocks and shares ISAs (including, Junior Stocks and Shares ISA). IBUK does not offer cash ISAs (including, Junior cash ISA).
 
3.       Who is eligible for a Junior ISA?
 
Your child is eligible for a Junior ISA if they’re under the age of 18, and resident in the UK. You can also open a Junior ISA for your child if you are a crown employee serving overseas.
 
A child cannot hold both a CTF (Child Trust Fund) account and a Junior ISA. This is relevant to anyone under 18 who was born between 1 September 2002, when CTFs were introduced, and 3 January 2011 when they came to an end. If your child holds a CTF account, you cannot open an IBUK Junior ISA since IBUK does not support CTF transfers, other Junior ISA providers may accommodate your Junior ISA request.  
 
4.       How many Junior ISAs can a child have?
 
A child can have no more than one Junior cash ISA and one Junior stocks and shares ISA at any one time (don’t have to be with the same provider). A child cannot hold both a CTF (Child Trust Fund) account and a Junior ISA.  
 
5.       Who can open a Junior ISA and who is the registered contact?
 
You can open a Junior ISA for a child if you’re their parent or legal guardian. The parent or legal guardian opening the account will be the ‘registered contact’, but the money will not be accessible to them and will always belong to the child. The child normally won’t be able to access the money until their 18th birthday, at which point their Junior ISA is converted into an ‘adult’ ISA.
 
As the registered contact for a Junior ISA, you are the only person authorised to make decisions about the management of the account. You’ll also need to keep IBUK informed if the child’s personal details change, e.g., if they change their name, address, contact number, etc.
 
6.       How do I change the registered contact for an IBUK Junior Stocks and Shares ISA?
 
You should use the Interactive Brokers change of registered contact form (via Client Portal) to change the registered contact for an IBUK Junior Stocks and Shares ISA. The existing registered contact must sign this application to authorise this change unless where certain exemptions apply.
 
NB. IBUK will not allow a child to be the Registered Contact upon their 16th birthday, other ISA providers may allow this (i.e., once the child reaches the age of 16, the child can apply to become the Registered Contact).
 
For more information on how to change a registered contact please contact our dedicated ISA Support team who are available 8am to 6pm GMT Monday to Friday, excluding public holidays (see below section 30 ‘What if I have additional questions?’)
 
7.       Who owns the Junior ISA and what happens when the child turns 18?
 
All payments made into a Junior ISA belong to the child (i.e., all payments made into the Junior ISA are a gift to the child and as such cannot be repaid to the subscriber if at a later date the subscriber changes their mind). The parent or guardian who opened the Junior ISA acts as the registered contact, but they can’t access the money once it has been deposited, unless there are exceptional circumstances (see below section 11 ‘Can I make withdrawals from a Junior Stocks and Shares ISA?’). When your child turns 18, the IBUK Junior Stocks and Shares ISA will automatically become an ‘adult’ IBUK Stocks and Shares ISA (i.e., when the child turns 18, account ownership is automatically transferred to them). As an adult, they’ll become the account holder, responsible for managing their account and able to withdraw monies. For more information on how this transfer of control (from the registered contact to the child (upon the child’s 18th birthday)) works, please contact our dedicated ISA Support team who are available 8am to 6pm GMT Monday to Friday, excluding public holidays (see below section 30 ‘What if I have additional questions?’)
 
8.       Can you lose your child’s money paid into a Junior Stocks and Shares ISA?
 
The value of investments your child holds in the IBUK Junior Stocks and Shares ISA and the income received from them can fall as well as rise. As a result, you may get back less than you invested in for your child. Past performance is not an indication of future performance, and some investments need to be held for the long term to achieve a return. The IBUK Junior Stocks and Shares ISA is an execution only service, Interactive Brokers does not provide investment advice. If you need advice about whether an investment is suitable, you need to consult a suitably qualified financial advisor.
 
9.       Can I appoint a financial advisor to manage, on a discretionary basis, my IBUK Junior Stocks and Shares ISA?
 
Yes, you can appoint a financial advisor to manage the IBUK Junior Stocks and Shares ISA on your behalf. Click on the link for additional details:
 
 
10.   Can I trade on margin under the IBUK Junior Stocks and Shares ISA?
 
No. You can only open an IBUK Junior Stocks and Shares ISA under a GBP cash account type. A cash account requires that all transactions are made with available cash or long positions.
 
11.   Can I make withdrawals from a Junior Stocks and Shares ISA?
 
No, unless exceptional circumstances exist. All payments made into the IBUK Junior Stocks and Shares ISA are a gift to the child and so cannot normally be withdrawn until the child turns 18. NB. withdrawals are permitted if the child is terminally ill or has died in accordance with the ISA Regulations.
 
12.   What can I invest in for my child?
 
Under a Junior stocks and shares ISA you can invest in any of the following investments (also known as 'qualifying investments'):
-          Shares;
-          Securities issued by Companies;
-          Recognised UCITS;
-          Depository Receipts, American Depository Receipts and American Depository Shares.
 
13.   What exchanges does IBUK support?

HMRC recognised exchanges supported by IBUK:
Country
Exchange
Australia
The Australian Stock Exchange (and any of its stock exchange subsidiaries)
Austria
Vienna Stock Exchange
Belgium
NYSE Euronext Brussels
Canada
NYSE Euronext Brussels
Montreal Stock Exchange
Toronto Venture Exchange (TSX Venture Exchange)
France
MATIF
MONEP
Germany
Frankfurt Stock Exchange
Stuttgart Stock Exchange
Hong Kong
Hong Kong Stock Exchange
Italy
Italian Stock Exchange (Borsa Italia)
Japan
Tokyo Stock Exchange
Osaka Stock Exchange
Lithuania
NASDAQ OMX Vilnius
Mexico
Mexico Stock Exchange
Poland
Warsaw Stock Exchange
Singapore
Singapore Exchange Limited
South Korea
Korea Exchange
Spain
Spanish Stock Exchange (Bolsa de Valores in Madrid)
Switzerland
Swiss Stock Exchange (SIX Swiss Exchange)
United Kingdom
London Stock Exchange
United States of America
BATs Exchange Inc
Chicago Board Options Exchange
Chicago Stock Exchange
International Securities Exchange
National Stock Exchange
New York Stock Exchange
NYSE ARCA
NASDAQ OMX PHLX
NASDAQ
 
14.   What is the Junior ISA Allowance for 2022/2023 tax year?
 
Tax year runs from 6 April to the following 5 April. Each tax year’s Junior ISA subscription limit is specific to that year and can be checked on the HMRC website. 
 
NB. For each tax year, you can check (via the funding page in Client Portal) how much you have subscribed to your child’s IBUK Junior Stocks and Shares ISA and the maximum amount that you can contribute to your child’s IBUK Junior stocks and shares ISA in that tax year, assuming you have not contributed to another Junior ISA away from Interactive Brokers.
 
For the 2022/23 tax year, the Junior ISA annual subscription limit is £9,000. This is a combined annual limit across both types of Junior ISA: cash, and stocks and shares. The subscription limit can be split in any way between cash, and stocks and shares Junior ISAs each tax year.
 
15.   How do I make subscriptions to my IBUK Junior Stocks and Shares ISA?

You can make one-off payments (wire transfers deposits) as and when you choose, but the combined total of all payments (or subscriptions) must not exceed any given annual tax year allowance (see section 14. What is the 2022/2023 Junior ISA Allowance?).
 
Interactive Brokers accepts wire transfers only, and there is a minimum subscription amount of £1. Your child’s IBUK Junior Stocks and Shares ISA can only have GBP cash.
 
Although other Junior ISA providers might have different terms, only parent or legal guardian can pay into your child’s Junior ISA with IBUK.
 
16.   Does Interactive Brokers have any mechanisms in place to ensure customers do not exceed the Junior ISA allowance for the relevant tax year?
 
Yes. Interactive Brokers has in place internal controls to prevent customers from exceeding the Junior ISA allowance by splitting the customers’ payments (once received by Interactive Brokers) as follows:
  • crediting the allowable subscription to the customer’s IBUK Junior Stocks and Shares ISA; and 
  • crediting the potential over-contribution amount as follows:
    • if you already have other account(s) with IBUK, Interactive Brokers will credit the potential over-contribution amount to such account(s);
    • if you don’t have other account(s) with IBUK, Interactive Brokers will open a new non-ISA cash only (GBP) account on your behalf and credit the potential over-contribution amount to this new and additional account.
In either case, Interactive Brokers will notify you (via a pop-up message in the Client Portal, email and Message Center message) of the above actions and you will always have the possibility of withdrawing the potential over-contribution from your other non-ISA account(s) with IBUK (as described above).
 
Worked example:
Assuming your child has only one type of Junior ISA which is an IBUK Junior Stocks and Shares ISA. The annual Junior ISA allowance for 2022/2023 tax year is GBP 9,000. You initially contribute GBP 8,000.
 
For the same tax year (2022/2023) you then send GBP 2,000 to Interactive Brokers and request such funds to be credited to your child’s IBUK Junior Stocks and Shares ISA.
 
If Interactive Brokers actioned your request and credited the full amount (GBP 2,000) to your child’s IBUK Junior Stocks and Shares ISA, you would have exceeded your child’s Junior ISA allowance for the tax year 2022/2023 by GBP 1,000 (as the maximum you can contribute for the tax year 2022/2023 is GBP 9,000).
 
Instead, to prevent over-contribution, upon receipt of your funds Interactive Brokers will carry out the following actions: 
 
(1) credit your funds (GBP 2,000) to your existing other non-ISA account(s) with IBUK (if you already have one or more accounts).
(2) if you don’t already have an existing other account(s) with IBUK, Interactive Brokers will open a new cash only (GBP) non-ISA account on your behalf and credit your funds (GBP 2,000) to this new and additional account.
(3) Interactive Brokers will then automatically transfer GBP 1,000 from your other non-ISA account with IBUK to your child’s IBUK Junior Stocks and Shares ISA.  
 
17.   What happens if I exceed my child’s Junior ISA allowance?
 
If you have accidentally paid too much into your child’s Junior ISAs your child won’t get any tax relief on the excess payments you’ve made. The Junior ISA allowance is a combined annual limit across both types of Junior ISA: cash, and stocks and shares.
 
18.   What should I do if I exceed my child’s Junior ISA allowance?
 
In the event you oversubscribe to your child’s Junior ISA (in other words your child’s Junior ISA annual allowance was exceeded), you should not attempt to correct the mistake by withdrawing the excess funds from a Junior ISA (including, but not limited to, your IBUK Stocks and Shares ISA). Instead, you should call HMRC’s ISA helpline to explain the situation and inform them about the oversubscription. HMRC will advise you on the next steps.   NB. The Junior ISA allowance for the tax year 2022/2023 is GBP 9,000 (this is a combined limit across both types of Junior ISA: cash, and stocks and shares).
 
19.   What is the annual fee for the IBUK Junior Stocks and Shares ISA?
 
There is no annual Junior ISA fee at IBUK. Other costs and charges apply, see below section 20 for more information.
 
20.   What are the charges for the IBUK Junior Stocks and Shares ISA?
 
£1 per month minimum activity fee.
 
One free withdrawal per month. Thereafter, £7 withdrawal fee is applicable.
 
Click on the link for an overview of our commissions:
 
 
21.   How do I transfer my child’s Junior Stocks and Shares ISA from my current ISA manager to IBUK?
 
You will need to submit a transfer instruction to Interactive Brokers (via the transfer & pay funding page in Client Portal), and if, in IBUK’s discretion IBUK decides to accept the transfer, IBUK will instruct your existing ISA manager to transfer the investments (where IBUK supports such investments) and/or cash into your child’s IBUK Junior Stocks and Shares ISA. Where IBUK does not support all the investments held at your existing ISA Manager, you can either liquidate these investments yourself prior to submitting your transfer instruction to IBUK via Client Portal (any cash proceeds of such liquidation will be transferred into your child’s IBUK Junior Stocks and Shares ISA) or you can instruct IBUK (as part of your transfer instruction via Client Portal) to do so on your behalf. NB. IBUK does not accept the transfer of a Child Trust Fund (CTF) over to a  Junior Stocks and Shares ISA, other Junior ISA providers might support such transfer service.
 
Transfers between an ‘adult’ ISA and Junior ISA are not permitted.
 
22.   How do I transfer a Junior ISA out of IBUK to another provider?
 
Any transfer out request from IBUK must be requested via the transfer & pay funding page in Client Portal.
 
23.   What are the Transfer Charges?
 
Interactive Brokers does not charge for transfers (the transferring ISA manager may charge you for transferring investments or cash proceeds to us).
 
24.   Can I cancel my IBUK Junior Stocks and Shares ISA?

You have a legal right to cancel your child’s IBUK Junior Stocks and Shares ISA if you change your mind but there are time limits on doing so, see below section 25 for more information.
 
25.   How can I cancel my child’s IBUK Junior Stocks and Shares ISA?
 
If you want to cancel your child’s IBUK Junior Stocks and Shares ISA, you must do so within 14 days from the date you receive our email confirming the establishment of your child’s IBUK Junior Stocks and Shares ISA (a cancellation must be requested from the Client Portal).
 
Cancellation rights will also apply to the receipt of transfer payments. You have 14 days from the date you receive our email acknowledging the transfer to exercise your right to cancel (a cancellation must be requested from the Client Portal). NB. If you cancel the transfer of your child’s Junior Stocks and Shares ISA from another ISA manager to IBUK, that ISA manager may not agree to accept the Junior Stocks and Shares ISA back. This may result in that Junior Stocks and Shares ISA being closed, and the tax benefits being lost.
 
26.   How safe is your child’s IBUK Junior Stocks and Shares ISA?

IBUK is authorised and regulated by the Financial Conduct Authority, and is approved by HMRC to act as an ISA manager (including in respect of Junior Stocks and Shares ISA). Your account is held with IBUK’s US affiliate, Interactive Brokers LLC, regulated by the US SEC and CFTC and member of the SIPC (www.sipc.org) compensation scheme.
 
Your child’s IBUK Junior Stocks and Shares ISA will not be covered by the Financial Services Compensation Scheme (FSCS) in the UK. Instead, your eligible assets are protected from loss under the US SIPC at an amount of up to USD 500,000 (subject to a cash sublimit of USD 250,000). As with all securities firms, this coverage protects against the failure of a broker-dealer, not against the loss of market value of securities. You will not get any compensation only because the value of your investments falls.
 
IBUK and Interactive Brokers LLC are part of the Interactive Brokers Group. The Interactive Brokers Group, Inc. is a listed public company trading on U.S. markets under the symbol “IBKR” with a market capitalization of over USD 30 billion, as of Nov 17, 2021. On a consolidated basis, IBG LLC exceeds USD 10 billion in equity capital, over USD 6.2 billion in excess of regulatory requirements. IBG LLC's owners are the public company, Interactive Brokers Group, Inc. and the firm's employees and their affiliates. Client money is segregated in special bank or custody accounts, which are designated for the exclusive benefit of clients of Interactive Brokers. Interactive Broker’s client equity as of Oct 30, 2021 was USD 380.9 billion.
 
27.   How can I file a complaint with IBUK?
 
Customers are actively encouraged to use the WebTicket system for prompt attention.
 
A copy of our Complaints Procedure is available here: https://www.interactivebrokers.com/en/index.php?f=292. You can also direct your ISA specific complaints via email to isa@interactivebrokers.co.uk (Please note that in order to ensure that your complaint is flagged and given the required attention, Interactive Brokers kindly asks you to state "COMPLAINT" in the subject header field of the email).
 
28.   Are Corporate Actions allowed under my child’s IBUK Junior Stocks and Shares ISA?

Allowed to participate but cannot exceed the annual Junior ISA subscription limit. If it were to exceed the subscription limit, the shares should be transferred to a non-ISA account (see above sections 18 ‘What should I do if I exceed my child’s Junior ISA allowance?’ and 16 ‘Does Interactive Brokers have any mechanisms in place to ensure customers do not exceed the Junior ISA allowance for the relevant tax year?’.
 
29. FX Handling and the IBUK Junior Stocks and Shares ISA
 
Interactive Brokers will automatically convert currencies when trading non-GBP denominated securities. To do this, Interactive Brokers will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceed of a sell order. Interactive Brokers will base the exchange rate off the spot exchange rate at the time of trade 0.03% fee.
 
The below example illustrates the cost in GBP of a $1,000 USD Trade
 
Example GBP/USD Spot Rate: 1.3432/1.3433
 
Order Type FX Conversion Rate inc 0.03% fee Cost of $1000 USD Trade
Buy 1.3430 £744.61
Sell 1.3435 £744.31
 
30. What if I have additional questions?

Our customer services team are on hand to help via phone or email. If you have any questions about your IBUK Stocks and Shares ISA, please contact our dedicated ISA Support team who are available 8am to 6pm GMT Monday to Friday, excluding public holidays.  
 

 

Preguntas frecuentes: migración de IBLUX a una cuenta restringida en IBIE

Background: 

Como hemos explicado previamente, Interactive Brokers Luxembourg SARL ("IBLUX") no seguirá proporcionando servicios de corretaje a inversores y dejará de realizar sus operaciones normales. En junio de 2021, invitamos a los clientes existentes de IBLUX a transferir sus cuentas a otra entidad de Interactive Brokers o a otro banco o bróker fuera de la familia Interactive Brokers. A pesar de que se le han enviado recordatorios en repetidas ocasiones, usted no ha tomado las medidas necesarias para transferir los activos en su cuenta de IBLUX. Por este motivo, estamos transfiriendo su cuenta a nuestra filial, Interactive Brokers Ireland Limited ("IBIE") (la "Transferencia"), en donde sus activos permanecerán en custodia segura hasta que recibamos instrucciones para la transferencia por su parte. Estas preguntas frecuentes proporcionan información práctica, jurídica y normativa importante respecto de la Transferencia.

1.      ¿Qué significa la Transferencia para mí? ¿Qué términos y condiciones regirán su relación con IBIE luego de la Transferencia Propuesta?

 

Luego de la transferencia, IBIE será responsable de asegurar la custodia segura de sus activos, y los siguientes términos ("Términos de uso de la cuenta") regirán su cuenta y activos. No podrá colocar operaciones ni tomar otras decisiones financieras en su cuenta, e IBIE no le proporcionará servicios de inversión a menos que firme el Acuerdo de Cliente de IBIE y complete todos los demás pasos necesarios para abrir una cuenta con IBIE. IBIE le enviará un correo electrónico luego de la Transferencia con los pasos a tomar para asegurar sus credenciales de inicio de sesión para acceder a su cuenta en IBIE.

 

2.      ¿Qué debo hacer si deseo continuar haciendo negocios con Interactive Brokers?

 

Si desea continuar haciendo negocios con Interactive Brokers, le pedimos su cooperación. Deberá tomar una medida para que IBIE le pueda proporcionar servicios de inversión. En concreto, necesitamos que abra una nueva cuenta con IBIE, acepte y firme el Acuerdo de Cliente, así como todos los demás documentos necesarios, y que proporcione los documentos o la información adicional necesaria.

 

Si no desea continuar negociando con Interactive Brokers, podrá instruir a IBIE para transferir sus activos a otro bróker o banco, e IBIE cumplirá con sus instrucciones sujeto a la legislación aplicable y a los procesos estándar de IB.

 

3.      ¿Cómo se custodiarán mis activos con IBIE?

 

Hasta que acepte el Acuerdo de Cliente y abra una cuenta de corretaje con IBIE, IBIE proporcionará servicios de custodia con un alcance limitado de la siguiente forma:

 

·         en el caso de saldos de efectivo transferidos a IBIE, tendrá derecho a la cantidad de saldo de efectivo en la divisa de base de su cuenta el día en que se transfiera a IBIE, e IBIE no convertirá su saldo de efectivo a otra divisa ni pagará intereses sobre el efectivo que mantenga en custodia para usted. 

 

·         en el caso de los instrumentos financieros transferidos a IBIE, usted tendrá derecho sobre estos instrumentos financieros, e IBIE no proporcionará servicios de inversión con relación a sus instrumentos financieros mientras estén bajo la custodia de IBIE. Por ejemplo, IBIE no tomará ninguna medida para minimizar las pérdidas que resulten de movimientos en el mercado. De todos modos, en caso de su cuenta tenga un margen insuficiente, IBIE tomará las medidas adecuadas y liquidará posiciones sin solicitar una cobertura adicional para que su cuenta vuelva a cumplir con el requisito de margen, el cual está sujeto a cambio. Para obtener más información, consulte la pregunta 10 de las preguntas frecuentes.

 

Si abre una cuenta con IBIE, las normas de custodia de Irlanda se aplicarán en su totalidad a su relación con IBIE. Encontrará más información en el documento de IBIE Documento de información clave sobre los activos del cliente. Al igual que las normas sobre custodia de Luxemburgo, las normas sobre conducta comercial de Irlanda se basan en la Directiva relativa a los mercados de instrumentos financieros y en diversas directivas y normas delegadas (en conjunto, las directivas "MiFID").

 

4.      ¿Estoy protegido contra pérdidas? ¿Existen diferencias significativas que se apliquen para mi relación con IBIE en comparación con mi relación existente con IBLUX?

 

Luego de la Transferencia, el Programa de indemnización de inversores de Irlanda podrá aplicarse para su cuenta. El programa de indemnización de Irlanda es similar al programa de indemnización al que tiene acceso en Luxemburgo. El propósito del Programa de indemnización de los inversores de Irlanda es pagarle una indemnización (condicionada a ciertos límites) si ha invertido dinero o tiene instrumentos de inversión en alguno de los siguientes casos:

 

·         Una empresa cesa en sus operaciones comerciales y no puede devolverle sus inversiones o dinero; y

 

·         Se ha dictado una decisión del Banco Central de Irlanda o una sentencia judicial conforme con la ley Investor Compensation Act de 1998.

 

The Investor Compensation Company DAC (ICCL) administra el programa. IBIE será un miembro del programa.

 

El sistema cubre productos de inversión, entre los que se incluyen:

 

- Acciones de empresas públicas y privadas

- Unidades en programas de inversión colectiva

- Pólizas de seguros de vida (incluye fondos vinculados a la unidad)

- Pólizas de seguros que no sean seguros de vida

- Bonos indexados

- Futuros y opciones

 

Normalmente, solo podrá realizar una reclamación luego de que una empresa cese en sus actividades comerciales y sus activos se hayan liquidado y distribuido entre sus acreedores. Verifique la información sobre los límites de los sistemas que pueden aplicarse; no todas las pérdidas podrán recuperarse, ya que existen niveles máximos establecidos para las indemnizaciones.  El Sistema de indemnización de los inversores de Irlanda (ICCL) le pagará una indemnización del 90 % de la cantidad que haya perdido hasta un máximo de 20 000 €.

 

5.      ¿Cómo realizo una reclamación ante IBIE? ¿Qué sucede si mi queja se relaciona con algo que sucedió mientras era cliente de IBLUX?

 

Los procedimientos de gestión de reclamaciones de IBIE son muy similares a aquellos que se aplican para su relación existente con IBLUX, pero el alcance de las disposiciones para reclamaciones es mucho más estrecho debido a que los servicios proporcionados se limitan a mantener sus activos bajo custodia en un fideicomiso hasta que usted envíe las instrucciones para la transferencia o se convierta en un cliente de IBIE. Todas las reclamaciones formales deberán hacerse utilizando uno de los siguientes medios: i) tique web en Client Portal en la página web de IBIE; ii) carta enviada a: Complaints Handling, Compliance Department, IBIE Dublin Landings, North Wall Quay, North Dock, Dublin 1, Ireland; o iii) mediante correo electrónico a complaints@interactivebrokers.ie.

 

Si el fundamento de su reclamo se relaciona con algo que sucedió antes de la Transferencia, entonces su reclamación debería estar dirigida a IBLUX. 

 

6.      Luego de la Transferencia, ¿tendré acceso a la CSSF para presentar una reclamación?

 

En el caso de una reclamación, los inversores deberían seguir el procedimiento de quejas que se indica en el Acuerdo de Cliente de IBLUX. Una vez que la Transferencia se haya realizado, la CSSF dejará de tener jurisdicción sobre las reclamaciones que pueda tener respecto de IBLUX. Sin embargo, tenga en cuenta que Irlanda tiene un programa de resolución de disputas en forma de Defensor de servicios financieros y jubilaciones (“Financial Services and Pensions Ombudsman o FSPO”). El FSPO es un sistema de resolución de controversias jurídico independiente y gratuito para servicios financieros. Puede ser elegible para presentar una queja ante el FSPO si es un "reclamante elegible". Podrá encontrar más información acerca de los "reclamantes elegibles" en el siguiente sitio web:www.fspo.ie. Puede contactar con el FSPO a través de los siguientes medios:

 

Dirección de correo postal

Defensor de servicios financieros y jubilaciones

Lincoln House,

Lincoln Place

Dublín 2

D02 VH29

 

Teléfono

+353 (0)1 567 7000

 

Correo electrónico

Info@fspo.ie

 

7.      ¿Cómo se procesarán y protegerán mis datos personales? ¿Existen diferencias significativas que se apliquen para mi relación con IBIE en comparación con mi relación existente con IBLUX en este contexto?

 

Sus datos se procesarán y protegerán de conformidad con la política de privacidad de Interactive Brokers Group, la cual puede encontrarse en el siguiente enlace:https://www.interactivebrokers.co.uk/es/index.php?f=15592. No habrá cambios significativos.

 

8.      ¿El rango de servicios será el mismo?

 

No. Esta cuenta se ha creado solamente para la custodia segura de sus activos mientras aguardamos por sus instrucciones acerca de adónde transferir sus activos o que se convierta en cliente de IBIE. Como resultado, nuestros servicios están limitados a mantener sus activos y a cumplir los requisitos de margen, cuando proceda.

 

9.      ¿Ha liquidado todas o alguna de las posiciones en mi cuenta para facilitar la Transferencia?

 

Como le explicamos por escrito previamente, en muchos casos hemos liquidado todas o algunas de las posiciones en las cuentas del cliente en la divisa de base de la cuenta para facilitar la Transferencia a IBIE. Cuando hubieren permanecido posiciones, las preguntas 10 y 11 de las preguntas frecuentes tratan acerca de cómo se transferirán y custodiarán en IBIE.

 

10.  Tengo una cuenta de margen. ¿Rigen los términos de margen mi cuenta de forma distinta luego de la Transferencia a IBIE?

 

No. Sus obligaciones y responsabilidades con relación a su cuenta de margen y la negociación con margen seguirán en vigor luego de la Transferencia tal como estaban en IBLUX. De todos modos, no puede bajo los términos actuales operar la cuenta libremente, lo que incluye la apertura de nuevas posiciones, a menos que se convierta en un cliente de IBIE. Consulte los Términos y condiciones de la cuenta para obtener más información.

 

11.  ¿Qué sucede con los valores entregados a IBLUX como parte de un préstamo de margen?

 

Si le ha proporcionado un valor o garantía a IBLUX, se transferirá a IBIE luego de que tenga lugar la Transferencia Propuesta.

 

12.  ¿Se transferirán todos los saldos de cuenta al mismo tiempo, y cuál será el plazo?

 

Todos los saldos de efectivo se transferirán al mismo tiempo, y su cuenta actual en IBLUX se cerrará y no tendrá acceso a ella para negociar. Aún tendrá acceso a esta cuenta cerrada a través de Client Portal para ver e imprimir extractos del historial.

 

13.  ¿Cambiarán las comisiones y tarifas de IBKR cuando se migre mi cuenta? 

 

Las comisiones y tarifas de IBKR no varían de acuerdo al bróker con el cual se mantiene su cuenta.

 

De todos modos, mientras sus activos se mantienen en custodia en un fideicomiso en IBIE, hasta que transfiera los activos a otra institución financiera o a una nueva cuenta con IBIE, IBIE aplicará una comisión mensual para mantener su cuenta, la cual será inicialmente de 100 EUR. La comisión mensual podrá modificarse ocasionalmente ante el criterio exclusivo de IBIE mediante notificación que podrá ser a través de la página web de IBIE.

 

Además, IBIE no le pagará intereses pero podrá cobrar intereses a los tipos de interés y sobre los saldos de crédito que se establezcan en dicho momento en la página web de IBIE.

 

Tenga en cuenta que, cuando el saldo de efectivo en su cuenta sea insuficiente para cubrir estas comisiones, IBIE podrá liquidar activos en la misma forma en que IBLUX liquidaría activos antes de la Transferencia.

 

14.  Tengo otras preguntas acerca de lo que cambiará y lo que no luego de la Transferencia? 

 

Si aún tiene inquietudes, contacte con atención al cliente de IBKR.

 

Preguntas frecuentes: migración de IBLUX a una cuenta restringida en IBCE

Background: 

Como hemos explicado previamente, Interactive Brokers Luxembourg SARL ("IBLUX") no seguirá proporcionando servicios de corretaje a inversores y dejará de realizar sus operaciones normales. En junio de 2021, invitamos a los clientes existentes de IBLUX a transferir sus cuentas a otra entidad de Interactive Brokers o a otro banco o bróker fuera de la familia Interactive Brokers. A pesar de que se le han enviado recordatorios en repetidas ocasiones, usted no ha tomado las medidas necesarias para transferir los activos en su cuenta de IBLUX. Por este motivo, estamos transfiriendo su cuenta a nuestra filial, Interactive Brokers Europe Zrt. ("IBCE") (la "Transferencia"), en donde sus activos permanecerán en custodia segura hasta que recibamos instrucciones para la transferencia por su parte. Estas preguntas frecuentes proporcionan información práctica, jurídica y normativa importante respecto de la Transferencia.

1.      ¿Qué significa la Transferencia para mí? ¿Cuáles son los términos y condiciones que regirán mi relación con IBCE luego de la Transferencia?

 

Luego de la transferencia, IBCE será responsable de asegurar la custodia segura de sus activos. Los Términos comerciales generales de IBCE [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4500] ("TCG") regirán su cuenta y sus activos mientras se mantengan bajo custodia en un fideicomiso en IBCE en esta capacidad limitada. No podrá colocar negociaciones ni tomar otras decisiones financieras en su cuenta e IBCE no le proporcionará servicios de inversión a menos que acepte expresamente los TCG, firme el Acuerdo de Cliente y complete otros pasos abiertos necesarios para abrir una cuenta en IBCE. IBCE le enviará un correo electrónico luego de la Transferencia con los pasos a seguir para asegurar sus credenciales de inicio de sesión para acceder a su cuenta en IBCE.

 

2.      ¿Qué debo hacer si deseo continuar haciendo negocios con Interactive Brokers?

 

Si desea continuar haciendo negocios con Interactive Brokers, le pedimos su cooperación. Deberá tomar una medida para que IBCE le pueda proporcionar servicios de inversión. En concreto, necesitamos que abra una nueva cuenta con IBCE, acepte los TCG expresamente y firme el Acuerdo de Cliente, así como todos los demás documentos necesarios, y que proporcione los documentos o la información adicional necesaria.

 

Si no desea continuar negociando con Interactive Brokers, podrá instruir a IBCE para transferir sus activos a otro bróker o banco, e IBCE cumplirá con sus instrucciones sujeto a la legislación aplicable y a los procesos estándar de IB.

 

3.      ¿Cómo se custodiarán mis activos en IBCE?

 

Hasta que acepte los TCG y el Acuerdo de Cliente, y abra una cuenta de corretaje con IBCE, IBCE proporcionará servicios de custodia con un alcance limitado de la siguiente forma:

 

·         en el caso de saldos de efectivo transferidos a IBCE, tendrá derecho a la cantidad de saldo de efectivo en la divisa de base de su cuenta el día en que se transfiera a IBCE, e IBCE no convertirá su saldo de efectivo a otra divisa ni pagará intereses sobre el efectivo que mantenga en custodia para usted. 

 

·         en el caso de los instrumentos financieros transferidos a IBCE, usted tendrá derecho sobre estos instrumentos financieros, e IBCE no proporcionará servicios de inversión con relación a sus instrumentos financieros mientras estén bajo la custodia de IBCE.. Por ejemplo, IBCE no tomará ninguna medida para minimizar las pérdidas que resulten de movimientos en el mercado. De todos modos, en caso de su cuenta tenga un margen insuficiente, IBCE tomará las medidas adecuadas y liquidará posiciones sin solicitar una cobertura adicional para que su cuenta vuelva a cumplir con el requisito de margen, el cual está sujeto a cambio. Para obtener más información, consulte la pregunta 10 de las preguntas frecuentes.

 

Si abre una cuenta con IBCE, las normas de custodia de Hungría se aplicarán en su totalidad a su relación con IBCE. Al igual que las normas sobre custodia de Luxemburgo, las normas sobre conducta comercial de Hungría se basan en la Directiva relativa a los mercados de instrumentos financieros y en diversas directivas y normas delegadas (en conjunto, las directivas "MiFID").

 

4.      ¿Estoy protegido contra pérdidas?

De acuerdo con la ley CXX de 2001 sobre mercados de capitales, el Fondo de Protección para Inversores de Hungría podrá proteger sus activos contra pérdidas por hasta un máximo de 100 000 EUR en caso de que IBCE no pueda cumplir con sus obligaciones para con usted. Para ser elegible para el Fondo, deberá tener una relación contractual con IBCE.

La indemnización proporcionada por el Fondo cubre las reclamaciones derivadas de los contratos celebrados dentro del acuerdo con IBCE de la actividad bursátil, custodia de valores, gestión de cuentas de valores, y actividades derivadas de la gestión de cuentas de cliente realizadas por IBCE.

El sistema de indemnización de Hungría es similar al sistema de indemnización al cual tiene acceso en Luxemburgo. El propósito del Fondo es pagarle una indemnización en caso de que:

·     el Banco Central de Hungría inicie la liquidación de IBCE, o

·     un tribunal ordene la liquidación de IBCE. 

 

IBCE es miembro del Fondo (consulte https://bva.hu/en/ipf/ipf-members/). 

Si es elegible, solo podrá realizar una reclamación luego de que la empresa se liquide y sus activos se hayan liquidado y distribuido entre sus acreedores. Verifique la información sobre los límites de los sistemas que pueden aplicarse; no todas las pérdidas podrán recuperarse, ya que existen niveles máximos establecidos para las indemnizaciones.   El Fondo le pagará una indemnización por la cantidad que haya perdido hasta un máximo de 100,000 EUR.

La cantidad que pagará el Fondo es la siguiente:

·     el total hasta el límite del equivalente en EUR a un millón HUF (2805 EUR el 5 de septiembre de 2021),

·     más de un millón HUF: 1 millón HUF y el 90 % del excedente del millón HUF hasta un máximo de 100 000 EUR.

 

5.      ¿Cómo presento una queja ante IBCE? ¿Qué sucede si mi queja se relaciona con algo que sucedió mientras era cliente de IBLUX?

 

Los TCG establecen cómo presentar una reclamación ante IBCE. Los procedimientos de gestión de reclamaciones de IBCE son muy similares a aquellos que se aplican para su relación existente con IBLUX, pero el alcance de las disposiciones para reclamaciones es mucho más estrecho debido a que los servicios proporcionados se limitan a mantener sus activos bajo custodia en un fideicomiso hasta que usted envíe las instrucciones para la transferencia o se convierta en un cliente de IBCE.

 

Si el fundamento de su reclamo se relaciona con algo que sucedió antes de la Transferencia, entonces su reclamación debería estar dirigida a IBLUX. 

 

6.      Luego de la Transferencia, ¿tendré acceso a la CSSF para presentar una reclamación?

En el caso de una reclamación, los inversores deberían seguir el procedimiento de quejas que se indica en el Acuerdo de Cliente de IBLUX. Una vez que la Transferencia se haya realizado, la CSSF dejará de tener jurisdicción sobre las reclamaciones que pueda tener respecto de IBLUX. De todos modos, tenga en cuenta que Hungría tiene un programa de resolución de controversias operado por el Banco Central de Hungría en forma de Tribunal de Arbitraje Financiero ("TAF"). El TAF es un programa de resolución de controversias gratuito e independiente legal para servicios financieros. Es probable que sea elegible para realizar una reclamación ante el TAF si usted es un cliente minorista.  Puede encontrar información sobre el TAF en el siguiente enlace: https://www.mnb.hu/en/hungarian-financial-arbitration-board

 Puede contactar con el TAF a través de los siguientes medios: 

 

Dirección de correo postal

Tribunal de Arbitraje Financiero

1525 Budapest

Pf. 172

 

Correo electrónico

ugyfelszolgalat@mnb.hu

 

7.      ¿Cómo se procesarán y protegerán mis datos personales? ¿Existen diferencias significativas que se aplicarán para mi relación con IBCE en comparación con mi relación existente con IBLUX en este contexto?

 

Sus datos se procesarán y protegerán de conformidad con la política de privacidad de Interactive Brokers Group, la cual puede encontrarse en el siguiente enlace:https://www.interactivebrokers.co.uk/es/index.php?f=15592. No habrá cambios significativos.

 

 

8.      ¿El rango de servicios será el mismo?

 

No. Esta cuenta se ha creado solamente para la custodia segura de sus activos mientras aguardamos por sus instrucciones acerca de adónde transferir sus activos o que se convierta en cliente de IBCE. Como resultado, nuestros servicios están limitados a mantener sus activos y a cumplir los requisitos de margen, cuando proceda.

 

9.      ¿Ha liquidado todas o alguna de las posiciones en mi cuenta para facilitar la Transferencia?

 

Como le explicamos por escrito previamente, en muchos casos hemos liquidado todas o algunas de las posiciones en las cuentas del cliente en la divisa de base de la cuenta para facilitar la Transferencia a IBCE. Cuando hubieren permanecido posiciones, las preguntas 10 y 11 de las preguntas frecuentes tratan acerca de cómo se transferirán y custodiarán en IBCE.

 

10.  Tengo una cuenta de margen. ¿Rigen los términos de margen mi cuenta de forma distinta luego de la Transferencia a IBCE?

 

No. Sus obligaciones y responsabilidades con relación a su cuenta de margen y la negociación con margen seguirán en vigor luego de la Transferencia tal como estaban en IBLUX. De todos modos, no puede bajo los términos actuales operar la cuenta libremente, lo que incluye la apertura de nuevas posiciones, a menos que se convierta en un cliente de IBCE.

 

Revise las disposiciones relacionadas con margen en el Acuerdo de Cliente de IBCE [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4501], ya que se aplicarán para su cuenta y sus activos mientras se mantienen en custodia en un fideicomiso en IBCE.

 

11.  ¿Qué sucede con los valores entregados a IBLUX como parte del préstamo de margen?

 

Si usted le ha entregado un valor o una garantía a IBLUX, esta se transferirá a IBCE una vez que la Transferencia tenga lugar.

 

12.  ¿Se transferirán todos los saldos de cuenta al mismo tiempo, y cuál será el plazo?

 

IBCE admitirá una cantidad limitada de divisas de depósito.  Las siguientes diez divisas de depósito en efectivo son las "Divisas permitidas para depósito": EUR, USD, GBP, CHF, DKK, NOK, SEK, HUF, CZK y PLN

 

En los casos en que fue apropiado para facilitar la Transferencia, hemos convertido los saldos largos de efectivo en otras divisas a las Divisas permitidas para depósito antes de la migración.

 

De acuerdo con las normas sobre la protección de activos de clientes en Hungría, los fondos de los clientes deberán estar protegidos de la misma forma en la que fueron recibidos por el bróker.  Esto contrasta con su bróker anterior, IBLUX, cuyas normas regulatorias sobre los activos de clientes les permitían proteger sus fondos por un valor equivalente en otra divisa.  Los saldos de divisas en corto no se verán afectados.  

 

Todos los saldos de efectivo se transferirán al mismo tiempo, y su cuenta actual en IBLUX se cerrará y no tendrá acceso a ella para negociar. Aún tendrá acceso a esta cuenta cerrada a través de Client Portal para ver e imprimir extractos del historial.

 

13.  ¿Cambiarán las comisiones y tarifas de IBKR cuando se migre mi cuenta? 

 

Las comisiones y tarifas de IBKR no varían de acuerdo al bróker con el cual se mantiene su cuenta.

 

De todos modos, mientras sus activos se mantienen en custodia en un fideicomiso en IBCE, hasta que transfiera los activos a otra institución financiera o a una nueva cuenta con IBCE, IBCE aplicará una comisión mensual para mantener su cuenta, la cual será inicialmente de 100 EUR. La comisión mensual podrá modificarse ocasionalmente ante el criterio exclusivo de IBCE mediante notificación que podrá ser a través de la página web de IBCE.

 

Además, IBCE no le pagará intereses pero podrá cobrar intereses a los tipos de interés y sobre los saldos de crédito que se establezcan en dicho momento en la página web de IBCE. IBCE también cobrará una comisión por gestión de divisas para los saldos en efectivo en divisas que tengan tipos de interés negativo.

 

Tenga en cuenta que, cuando el saldo de efectivo en su cuenta sea insuficiente para cubrir estas comisiones, IBCE podrá liquidar activos en la misma forma en que IBLUX liquidaría activos antes de la Transferencia.

 

14.  Tengo otras preguntas acerca de lo que cambiará y lo que no luego de la Transferencia? 

 

Si aún tiene inquietudes, contacte con atención al cliente de IBKR.

 

FAQs: IBLUX Migration to IBIE Restricted Account

Background: 

As previously explained, Interactive Brokers Luxembourg SARL ("IBLUX") will no longer provide brokerage services to investors and is ceasing regular operations. In June 2021, we invited IBLUX’s existing clients to transfer their account to another Interactive Brokers entity or to otherwise move their account to a bank or a broker outside of the Interactive Brokers family. Despite being reminded repeatedly, you did not to take the actions required to move the assets held in your IBLUX account. As such we are transferring your account to our affiliate, Interactive Brokers Ireland Limited ("IBIE") ("Transfer") where your assets will remain in safe custody until we receive transfer instructions from you. These FAQs provide important factual, legal and regulatory information regarding the Transfer.

1.      What does the Transfer mean for me? What terms and conditions will govern my relationship with IBIE following the Transfer?

 

Following the Transfer, IBIE will be responsible for ensuring the safe custody of your assets and the following terms ("Account Terms") will govern your account and assets. You will not be able to place trades or make other financial decisions on your account and IBIE will not provide any investment services to you unless you sign the IBIE Customer Agreement and complete any other open steps needed to open an IBIE account. IBIE will send you an email following the Transfer with the steps to take to secure your login credentials to access your account at IBIE.

 

2.      What do I have to do if I want to continue doing business with Interactive Brokers?

 

If you want to continue doing business with Interactive Brokers, we require your cooperation and action in order for IBIE to provide you investment services. Specifically, we need you to open a new account with IBIE, agree to and sign the Customer Agreement and any other required documents and provide any additional documents or information requested.

 

If you do not want to continue doing business with Interactive Brokers, you may instruct IBIE to transfer your assets to another broker or bank, and IBIE will comply with your instructions subject to applicable laws and IB's standard procedures.

 

3.      How will my assets be custodied with IBIE?

 

Until you agree to and accept the Customer Agreement and open a brokerage account with IBIE, IBIE will provide custody services in limited scope:

 

·         for any cash balance transferred to IBIE, you will be entitled to the amount of the cash balance in your account base currency on the date it is transferred to IBIE and IBIE will not convert your cash balance to another currency or pay any interest on cash that it holds in custody for you. 

 

·         for any financial instruments transferred to IBIE, you will be entitled to those financial instruments and IBIE will not provide any investment services in relation to your financial instruments while they are in IBIE’s custody. For example, IBIE will not take any measures to mitigate losses resulting from market movements. However, in the event your account has insufficient margin, IBIE will take appropriate measures and liquidate positions, without issuing a margin call to you, to bring your account in compliance with margin requirements which are subject to change. More information is provided in FAQ 10.

 

If you open an IBIE account, Irish custody rules will fully apply to your relationship with IBIE. Further information is provided in the IBIE Client Assets Key Information Document. Like the Luxembourg custody rules, the Irish conduct of business rules are based on the recast Markets in Financial Instruments Directive, the Markets in Financial Regulation and various delegated directives and regulations (collectively, "MiFID").

 

4.      Am I protected against loss? Are there any material differences that will apply to my relationship with IBIE compared to those that apply to my existing relationship with IBLUX?

 

After the Transfer, the Ireland Investor Compensation Scheme may apply to your account. Ireland’s compensation scheme is similar to the compensation scheme you have access to in Luxembourg. The purpose of the Irish Investor Compensation Scheme is to pay compensation to you (subject to certain limits) if you have invested money or investment instruments in either of the following cases:

 

·         A firm goes out of business and cannot return your investments or money; and

 

·         A Central Bank of Ireland determination or a court ruling has been made under the Investor Compensation Act 1998.

 

The Investor Compensation Company DAC (ICCL) administers the scheme. IBIE will be a member of the scheme.

 

The scheme covers investment products including:

 

- Public and private company shares

- Units in collective investment schemes

- Life insurance policies (including unit-linked funds)

- Non-life insurance policies

- Tracker bonds

- Futures and options

 

Usually, you can only make a claim after a firm goes out of business and its assets have been liquidated and distributed to those who are owed money. Please check the details of the schemes for any limits that apply – not all losses will be covered as there are maximum levels of compensation.  The ICCL will pay you compensation for 90% of the amount you have lost, up to a maximum of €20,000.

 

5.      How do I make a complaint to IBIE?  What if my complaint relates to something that happened while I was a customer of IBLUX?

 

The IBIE complaints handling procedures are materially similar to those that apply to your existing relationship with IBLUX, but the scope of the complaint provisions is much narrower as the services provided to you are limited to IBIE's holding your assets in safe custody until you submit transfer instructions or become a full IBIE client. All formal complaints should be made using one of the following means: (i) by WebTicket in Account Management on the IBIE website; (ii) by letter to Complaints Handling, Compliance Department, IBIE Dublin Landings, North Wall Quay, North Dock, Dublin 1, Ireland; or (iii) by email to complaints@interactivebrokers.ie.

 

If the substance of your complaint relates to something that happened prior to the Transfer, then you should address your complaint to IBLUX. 

 

6.      After the Transfer, will I still have access to the CSSF to file a complaint?

 

In case of a complaint, investors should follow the complaints procedure as referred to in the IBLUX Customer Agreement. Once the Transfer has taken place, the CSSF will cease to have jurisdiction over any complaints that you may have in respect of IBLUX. However, please be aware that Ireland has a dispute resolution scheme in the form of the Financial Services and Pensions Ombudsman ("FSPO"). The FSPO is a free and independent statutory dispute resolution scheme for financial services. You may be eligible to make a complaint to the FSPO if you are an "eligible complainant". Details of who are “eligible complainants” can be found on www.fspo.ie. The FSPO can be contacted at:

 

Postal Address

Financial Services and Pensions Ombudsman

Lincoln House,

Lincoln Place

Dublin 2

D02 VH29

 

Telephone

+353 (0)1 567 7000

 

Email

Info@fspo.ie

 

7.      How will my personal data be processed and protected? Are there any material differences that will apply to my relationship with IBIE compared to those that apply to my existing relationship with IBLUX in this context?

 

Your data will be processed and protected in accordance with the Interactive Brokers Group Privacy Policy which can be found at: https://www.interactivebrokers.com/en/index.php?f=305. There will be no material change.

 

8.      Will the range of services be the same?

 

No. This account has been created solely for the safe custody of your assets while we wait for you to instruct us on where to transfer your assets or elect to become a full IBIE client. As a result, our services are limited to holding your assets and where relevant taking action to ensure you meet applicable margin requirements.

 

9.      Did you liquidate some or all the positions in my account to facilitate the Transfer?

 

As we previously wrote to you explaining, in many cases we liquidated positions in client accounts, back to the account’s base currency, to facilitate that Transfer to IBIE. Where positions remain, FAQs 10-11 address how they will be transferred and custodied at IBIE.

 

10.  I have a margin account. Are the margin terms governing my account different following the Transfer to IBIE?

 

No. Your obligations and responsibilities in connection with your margin account and trading on margin remain following the Transfer as they were at IBLUX. However, you are not able to freely operate the account, including opening of new positions, unless you become a full IBIE client. Please review the Account Terms for more information.

 

11.  What happens to any security I have granted to IBLUX as part of a margin loan?

 

If you have granted security or collateral to IBLUX this will transfer to IBIE upon the Transfer taking place.

 

12.  Will all account balances be transferred at the same time and what is the timing?

 

All cash balances will be transferred at the same time, and your current account at IBLUX will be closed and inaccessible for trading purposes. You will still be able to access this closed account via the Client Portal for purposes of viewing and printing historical statements.

 

13.  Will IBKR’s commissions and fees change when my account is migrated? 

 

IBKR commissions and fees do not vary by the broker your account is maintained with.

 

However, while your assets are held in safe custody at IBIE until you either transfer your assets to another financial institution or to a new account with IBIE, IBIE will apply a monthly fee to hold your account initially set at Euro 100. The monthly fee can be amended at any time in IBIE’s sole discretion notification to you, which might be by way of email or IBIE’s website.

 

In addition, IBIE will not pay interest to you but shall charge interest to you at such interest rates and on credit or debit balances as are then set forth on the IBIE website.

 

Keep in mind, when the cash balance of your account is insufficient to cover these fees, IBIE may liquidate assets in the same manner IBLUX would liquidate assets before the Transfer.

 

14.  I have other questions about what will and will not be changing following the Transfer? 

 

If you still have questions, please contact IBKR Client Services.

 

FAQs: IBLUX Migration to IBCE Restricted Account

Background: 

As previously explained, Interactive Brokers Luxembourg SARL ("IBLUX") will no longer provide brokerage services to investors and is ceasing regular operations. In June 2021, we invited IBLUX’s existing clients to transfer their account to another Interactive Brokers entity or to otherwise move their account to a bank or a broker outside of the Interactive Brokers family. Despite being reminded repeatedly, you did not take the actions required to move the assets held in your IBLUX account. As such we are transferring your account to our affiliate, Interactive Brokers Central Europe Zrt ("IBCE") ("Transfer") where your assets will remain under custody in trust until we receive instructions from you. These FAQs provide important factual, legal and regulatory information regarding the Transfer.

1.      What does the Transfer mean for me? What terms and conditions will govern my relationship with IBCE following the Transfer?

 

Following the Transfer, IBCE will be responsible for ensuring the safe custody of your assets. The IBCE General Business Terms [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4500] ("GBR") will govern your account and assets while they are held under custody in trust at IBCE in this limited capacity. You will not be able to place trades or make other financial decisions on your account and IBCE will not provide any investment services to you unless you expressly agree to the GBR and sign the Client Agreement and complete any other open steps needed to open an IBCE account. IBCE will send you an email following the Transfer with the steps to take to secure your login credentials to access your account at IBCE.

 

2.      What do I have to do if I want to continue doing business with Interactive Brokers?

 

If you want to continue doing business with Interactive Brokers, we require your cooperation and action in order for IBCE to provide you investment services. Specifically, we need you to open a new account with IBCE, expressly agree to the GBR and sign the Client Agreement and any other required documents, and provide any additional documents or information requested.

 

If you do not want to continue doing business with Interactive Brokers, you may instruct IBCE to transfer your assets to another broker or bank, and IBCE will comply with your instructions subject to applicable laws and IB's standard procedures.

 

3.      How will my assets be custodied at IBCE?

 

Until you agree to and accept the GBR and the Client Agreement and open a brokerage account with IBCE, IBCE will provide custody services in limited scope:

 

·         for any cash balance transferred to IBCE, you will be entitled to the amount of the cash balance in your account base currency on the date it is transferred to IBCE and IBCE will not convert your cash balance to another currency or pay any interest on cash that it holds in custody for you. 

 

·         for any financial instruments transferred to IBCE, you will be entitled to those financial instruments and IBCE will not provide any investment services in relation to your financial instruments while they are in IBCE’s custody. For example, IBCE will not take any measures to mitigate losses resulting from market movements. However, in the event your account has insufficient margin, IBCE will take appropriate measures and liquidate positions, without issuing a margin call to you, to bring your account in compliance with margin requirements which are subject to change. More information is provided in FAQ 10.

 

If you open an IBCE account, Hungarian custody rules will fully apply to your relationship with IBCE. Like the Luxembourg custody rules, the Hungarian conduct of business rules are based on the recast Markets in Financial Instruments Directive, the Markets in Financial Regulation and various delegated directives and regulations (collectively, "MiFID").

 

4.      Am I protected against loss?

The Hungarian Investor Protection Fund according to Act CXX of 2001 on the Capital Market may protect your assets from loss, at an amount up to a maximum of EUR 100,000, should IBCE default and be unable to meet its obligations to you. To be eligible for the Fund, you must have a contractual relationship with IBCE.

The compensation provided by the Fund covers claims arising from contracts entered into within the agreement with IBCE of brokerage activity, securities custody, securities account management and client account management activities performed by IBCE.

Hungary's compensation scheme is similar to the compensation scheme you have access to in Luxembourg. The purpose of the Fund is to pay compensation to you in the event that:

·     the Central Bank of Hungary initiates liquidation proceedings of IBCE, or

·     a court orders the liquidation of IBCE. 

 

IBCE is a member of the Fund (please see https://bva.hu/en/ipf/ipf-members/). 

If you are eligible, you can only make a claim after a firm goes out of business and its assets have been liquidated and distributed to those who are owed money. Please check the details of the schemes for any limits that apply – not all losses will be covered as there are maximum levels of compensation.   The Fund will pay you compensation for the amount you have lost up to a maximum of EUR 100,000.

The amount paid by the Fund is:

·     100% up to the limit of the EUR equivalent of one million forints (EUR 2,805 on 5th September 2021),

·     above one million forints: 1 million forints and 90% of the part above one million forints to a maximum of EUR 100,000.

 

5.      How do I make a complaint to IBCE? What if my complaint relates to something that happened while I was a customer of IBLUX?

 

The GBR sets out how to lodge a complaint with IBCE. The IBCE complaints handling procedures are materially similar to those that apply to your existing relationship with IBLUX, but the scope of the complaint provisions is much narrower as the services provided to you are limited to holding your assets under custody in trust until you submit transfer instructions or become a full IBCE client.

 

If the substance of your complaint relates to something that happened prior to the Transfer, then you should address your complaint to IBLUX. 

 

6.      After the Transfer, will I still have access to the CSSF to file a complaint?

In case of a complaint, investors should follow the complaints procedure as referred to in the IBLUX Customer Agreement. Once the Transfer has taken place, the CSSF will cease to have jurisdiction over any complaints that you may have in respect of IBLUX. However, please be aware that Hungary has a dispute resolution scheme operated by the Central Bank of Hungary in the form of the Financial Arbitration Board ("FAB"). The FAB is a free and independent statutory dispute resolution scheme for financial services. You may be eligible to make a complaint to the FAB if you are a retail customer.  Details of FAB can be found on https://www.mnb.hu/en/hungarian-financial-arbitration-board

 The FAB can be contacted at: 

 

Postal Address

Financial Arbitration Board

1525 Budapest

Pf. 172

 

Email

ugyfelszolgalat@mnb.hu

 

7.      How will my personal data be processed and protected? Are there any material differences that will apply to my relationship with IBCE compared to those that apply to my existing relationship with IBLUX in this context?

 

Your data will be processed and protected in accordance with the Interactive Brokers Group Privacy Policy which can be found at:https://www.interactivebrokers.com/en/index.php?f=305. There will be no material change.

 

 

8.      Will the range of services be the same?

 

No. This account has been created solely for the safe custody of your assets while we wait for you to instruct us on where to transfer your assets or elect to become a full IBCE client. As a result, our services are limited to holding your assets and where relevant taking action to ensure you meet applicable margin requirements.

 

9.      Did you liquidate some or all the positions in my account to facilitate the Transfer?

 

As we previously wrote to you explaining, in many cases we liquidated some or all positions in client accounts back to the account’s base currency to facilitate that Transfer to IBCE. Where positions remain, FAQs 10-11 address how they will be transferred and custodied at IBCE.

 

10.  I have a margin account. Are the margin terms governing my account different following the Transfer to IBCE?

 

No. Your obligations and responsibilities in connection with your margin account and trading on margin remain following the Transfer as they were at IBLUX. However, you are not able to freely operate the account, including opening of new positions, unless you become a full IBCE client.

 

Please review the provisions relating to margin in the IBCE Client Agreement [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4501], as they will apply to your account and assets while they are held under custody in trust at IBCE.

 

11.  What happens to any security I have granted to IBLUX as part of a margin loan?

 

If you have granted security or collateral to IBLUX this will transfer to IBCE upon the Transfer taking place.

 

12.  Will all account balances be transferred at the same time and what is the timing?

 

IBCE will support a limited number of deposit currencies.  The following ten cash deposit currencies, the "Allowed Deposit Currencies" are: EUR, USD, GBP, CHF, DKK, NOK, SEK, HUF, CZK and PLN

 

Where appropriate to facilitate the Transfer, we converted long cash balances in other currencies to one of the Allowed Deposit Currencies before migration.

 

In accordance with the client asset protection rules in Hungary, client funds must be protected in the same form that they were received by the broker.  This contrasts with your previous broker, IBLUX, whose regulatory client asset rules allowed them to protect your funds in equivalent value in another currency.  Short currency balances are unaffected.  

 

All cash balances will be transferred at the same time, and your current account at IBLUX will be closed and inaccessible for trading purposes. You will still be able to access this closed account via the Client Portal for purposes of viewing and printing historical statements.

 

13.  Will IBKR’s commissions and fees change when my account is migrated? 

 

IBKR commissions and fees do not vary by the broker your account is maintained with.

 

However, while your assets are held in custody in trust at IBCE until you either transfer your assets to another financial institution or to a new account with IBCE, IBCE will apply a monthly fee to hold your account initially set at Euro 100. The monthly fee can be amended at any time in IBCE’s sole discretion notification to you, which might be by way of email or IBCE’s website.

 

In addition, IBCE will not pay interest to you but shall charge interest to you at such interest rates and on credit or debit balances as are then set forth on the IBCE website. IBCE will also charge a currency handling fee for cash balances in currencies that have negative interest rates.

 

Keep in mind, if the cash balance of your account is insufficient to cover these fees, IBCE may liquidate assets in the same manner IBLUX would liquidate assets before the Transfer.

 

14.  I have other questions about what will and will not be changing following the Transfer? 

 

If you still have questions, please contact IBKR Client Services.

 

Information Regarding IBUK ISA (Individual Savings Account)

1.       What is an ISA and what benefits does it offer me?

An ISA (Individual Savings Account) is a tax-free savings or investment account that gives you the opportunity to save or invest a certain amount of money every year, without having to pay tax on any growth in your investments or savings. There are 4 types of adult ISA available (stocks & shares ISA, cash ISA, innovative finance ISA , and lifetime ISA).  The interest on cash accumulates on a tax-free basis, as does income and capital gains made on investments.


A stocks and shares ISA lets you invest in “qualifying instruments” such as stocks and shares, funds, etc. A stocks and shares ISA is not an investment in its own right.  The best way to think of a stocks and shares ISA is as a ‘wrapper’ with which you can shelter your savings and investments from both Income Tax and Capital Gains Tax. The IBUK Stocks and Shares ISA lets you choose from a range of investments to invest in (see below section 10 ‘What can I invest in?’). You can select and manage your IBUK Stocks and Shares ISA yourself or arrange for your financial advisor to do so on your behalf (see below section 8 ‘Can I appoint a financial advisor to manage, on a discretionary basis, my IBUK Stocks and Shares ISA?’).


When deciding which type of ISA to open, you should consider the pros and cons of each so that you can choose the type that best fits with your personal needs, circumstances and financial goals. We offer stocks and shares ISAs only.


Tax treatments depend on your individual circumstances and may change in the future.

 

2.       What ISA types are offered at IBUK?

Interactive Brokers (U.K.) Limited (IBUK) only offers stocks and shares ISAs (including, Junior Stocks and Shares ISA). IBUK does not offer cash ISAs (including, Junior cash ISA).

 

3.       Who is eligible for an IBUK Stocks and Share ISA?

In accordance with HMRC rules, any individual who is a resident for tax purposes in the UK and over the age of 18 is eligible to open a stocks and share ISA.


Click on the link for additional details:

https://www.gov.uk/tax-foreign-income/residence

 

4.       How many ISAs can I have?

You can only open one of each ISA type in the same tax year. For example, you can't open two stocks and shares ISAs in a tax year, but you could open one stocks and shares ISA and one cash ISA.

 

5.       What is a flexible Stocks and Shares ISA?

ISA flexibility refers to whether you’re able to withdraw from your ISA without affecting your annual allowance. A flexible stocks and shares ISA allows the individual to withdraw funds from their stocks and shares ISA and put them back into it, within the same tax year, without affecting their annual ISA allowance.

 

6.       Does IBUK offer a flexible Stocks and Shares ISA?

No, an IBUK Stocks and Shares ISA isn't flexible. That means you can take money out, but it'll count towards your annual ISA allowance if you pay it back in the same tax year.

https://www.gov.uk/tax-foreign-income/residence

 

7.       Can you lose your money paid into a Stocks and Shares ISA?

The value of investments you hold in your IBUK Stocks and Shares ISA and the income received from them can fall as well as rise. As a result, you may get back less than you invested. Past performance is not an indication of future performance, and some investments need to be held for the long term to achieve a return. The IBUK Stocks and Shares ISA is an execution only service, Interactive Brokers does not provide investment advice.  If you need advice about whether an investment is suitable, you need to consult a suitably qualified financial advisor.

 

8.       Can I appoint a financial advisor to manage, on a discretionary basis, my IBUK Stocks and Shares ISA?

Yes, you can appoint a financial advisor to manage your IBUK Stocks and Shares ISA on your behalf. Click on the link for additional details:

https://ibkr.info/node/134

 

9.       Can I trade on margin under the IBUK  Stocks and Shares ISA?

No. You can only open an IBUK Stocks and Shares ISA under a GBP cash account type. A cash account requires that all transactions are made with available cash or long positions.

 

10.   What can I invest in?

Under a stocks and shares ISA you can invest in any of the following investments (also known as 'qualifying investments'):

  • Shares;
  • Securities issued by Companies;
  • Recognised UCITS;
  • Depository Receipts, American Depository Receipts and American Depository Shares.

 

11.   What exchanges does IBUK support?

HMRC recognised exchanges supported by IBUK:

Country

Exchange

Australia

The Australian Stock Exchange (and any of its stock exchange subsidiaries)

Austria

Vienna Stock Exchange

Belgium

NYSE Euronext Brussels

Canada

NYSE Euronext Brussels

Montreal Stock Exchange

Toronto Venture Exchange (TSX Venture Exchange)

France

MATIF
MONEP

Germany

Frankfurt Stock Exchange

Stuttgart Stock Exchange

Hong Kong

Hong Kong Stock Exchange

Italy

Italian Stock Exchange (Borsa Italia)

Japan

Tokyo Stock Exchange

Osaka Stock Exchange

Lithuania

NASDAQ OMX Vilnius

Mexico

Mexico Stock Exchange

Poland

Warsaw Stock Exchange

Singapore

Singapore Exchange Limited

South Korea

Korea Exchange

Spain

Spanish Stock Exchange (Bolsa de Valores in Madrid)

Switzerland

Swiss Stock Exchange (SIX Swiss Exchange)

United Kingdom

London Stock Exchange

United States of America

BATs Exchange Inc

Chicago Board Options Exchange

Chicago Stock Exchange

International Securities Exchange

National Stock Exchange

New York Stock Exchange

NYSE ARCA

NASDAQ OMX PHLX

NASDAQ

 

12.   What is the ISA Allowance for 2022/2023 tax year?

Tax year runs from 6 April to the following 5 April. Each tax year’s ISA subscription limit is specific to that year and can be checked on the HMRC website. 

For the 2022/23 tax year the annual ISA allowance is £20,000 per person. Any of the ISA allowance that goes unused in the current tax year cannot be rolled over to the subsequent tax year. You can divide this cash allowance across multiple ISAs, provided that not more than 1 of each type of ISA is subscribed to in any given tax year. NB.  If you are already subscribed to another stocks and shares ISA in the current tax year, you are not permitted to subscribe to our stocks and shares ISA for the remainder of the tax year.

NB. For each tax year, you can check (via the funding page in Client Portal) how much you have subscribed to your IBUK Stocks and Shares ISA and the maximum amount that you can contribute to your IBUK stocks and shares ISA in that tax year, assuming you have not contributed to another ISA away from Interactive Brokers.

13.   How do I make subscriptions to my IBUK Stocks and Shares ISA?

You can make one-off payments (wire transfers deposits) as and when you choose, but the combined total of all payments (or subscriptions) must not exceed any given annual tax year allowance (see section 12. What is the ISA Allowance for 2022/2023 tax year?).

 Interactive Brokers accepts wire transfers only, and there is a minimum subscription amount of £1. Your IBUK Stocks and Shares ISA can only have GBP cash.

 

14.   Does Interactive Brokers have any mechanisms in place to ensure customers do not exceed the ISA allowance for the relevant tax year?

Yes. Interactive Brokers has in place internal controls to prevent customers from exceeding the ISA allowance by splitting the customers’ payments (once received by Interactive Brokers) as follows:

  • crediting the allowable subscription to the customer’s IBUK Stocks and Shares ISA; and 
  • crediting the potential over-contribution amount as follows:

o   if you already have other account(s) with IBUK, Interactive Brokers will credit the potential over-contribution amount to such account(s);

o   if you don’t have other account(s) with IBUK, Interactive Brokers will open a new non-ISA cash only (GBP) account on your behalf and credit the potential over-contribution amount to this new and additional account.

 

In either case, Interactive Brokers will notify you (via a pop-up message in the Client Portal, email and Message Center message) of the above actions and you will always have the possibility of withdrawing the potential over-contribution from your other non-ISA account(s) with IBUK (as described above).

Worked example:

Assuming you only have one type of ISA which is an IBUK Stocks and Shares ISA. The annual ISA allowance for 2022/2023 tax year is GBP 20,000. You initially contribute GBP 19,000.

For the same tax year (2022/2023) you then send GBP 2,000 to Interactive Brokers and request such funds to be credited to your IBUK Stocks and Shares ISA.

If Interactive Brokers actioned your request and credited the full amount (GBP 2,000) to your IBUK Stocks and Shares ISA, you would have exceeded your ISA allowance for the tax year 2022/2023 by GBP 1,000 (as the maximum you can contribute for the tax year 2022/2023 is GBP 20,000).

Instead, to prevent over-contribution, upon receipt of your funds Interactive Brokers will carry out the following actions: 

(1) credit your funds (GBP 2,000) to your existing other non-ISA account(s) with IBUK (if you already have one or more accounts).

(2) if you don’t already have an existing other account(s) with IBUK, Interactive Brokers will open a new cash only (GBP) non-ISA account on your behalf and credit your funds (GBP 2,000) to this new and additional account.

(3)  Interactive Brokers will then automatically transfer GBP 1,000 from your other non-ISA account with IBUK to your IBUK Stocks and Shares ISA.  

 

15.   What happens if I exceed my ISA allowance?

 If you have accidentally paid too much into your ISAs you won’t get any tax relief on the excess payments you’ve made. The ISA allowance is a combined annual limit across all adult ISA types (e.g. stock & shares ISA, cash ISA, innovative Finance ISA , and lifetime ISAs).

 

16.   What should I do if I exceed my ISA allowance?

 In the event you oversubscribe to your ISA (in other words your ISA annual allowance was exceeded), you should not attempt to correct the mistake by withdrawing the excess funds from an ISA (including, but not limited to, your IBUK Stocks and Shares ISA). Instead, you should call HMRC’s ISA helpline to explain the situation and inform them about the oversubscription. HMRC will advise you on the next steps.   NB. The ISA allowance for the tax year 2022/2023 is GBP 20,000 (this is a combined limit across all 4 types of ISA (stock & shares ISA, cash ISA, innovative finance ISA , and lifetime ISAs).

 

17.   What is the annual fee for the IBUK Stocks and Shares ISA?

 There is no annual ISA fee at IBUK. Other costs and charges apply, see below section 18 for more information.

 

18.   What are the charges for the IBUK Stocks and Shares ISA?

 £3 per month minimum activity fee.

 One free withdrawal per month. Thereafter, £7 withdrawal fee is applicable.

Click on the link for an overview of our commissions:

https://www.interactivebrokers.co.uk/en/index.php?f=39753&p=stocks

 

19.   What transactions are allowed and what transactions are not allowed in an ISA?

 a)       Example of allowed transactions

An individual subscribes £15,000 into a stocks and shares ISA, £3,000 into a cash ISA and £2,000 into a lifetime ISA. No more than 1 of each type of ISA was subscribed to in the tax year, and the annual ISA allowance of £20,000 was not exceeded.

 b)      Example of disallowed transactions

An individual subscribes £10,000 into one stocks and shares ISA, £2,000 into another stocks and shares ISA, and the remaining £8,000 into a cash ISA. While the individual did not exceed the annual ISA allowance of £20,000, they subscribed funds into more than 1 stocks and shares ISA.

 

20.   How do I transfer my stocks and shares ISA from my current ISA manager to IBUK?

NB. Currently only transfers in of cash from existing ISAs are supported. Transferring of open positions (in-specie transfers) will be available later in Q4 2022.

 You will need to submit a transfer instruction to Interactive Brokers (via the transfer & pay funding page in Client Portal), and if, in IBUK’s discretion IBUK decides to accept the transfer, IBUK will instruct your existing ISA manager to transfer your investments (where IBUK supports such investments) and/or cash into your IBUK Stocks and Shares ISA. Where IBUK does not support all your investments held at your existing ISA Manager, you can either liquidate these investments yourself prior to submitting your transfer instruction to IBUK via Client Portal (any cash proceeds of such liquidation will be transferred into your IBUK Stocks and Shares ISA) or you can instruct IBUK (as part of your transfer instruction via Client Portal) to do so on your behalf.

 

21.   How do I transfer an ISA out of IBUK to another provider?

Any transfer out request from IBUK must be requested via the receiving ISA provider. The requesting broker can email a client-signed transfer form to isa-transfer@interactivebrokers.com or the client may attach a completed form to a web ticket.

 

22.   What are the Transfer Charges?

Interactive Brokers does not charge for transfers (the transferring ISA manager may charge you for transferring investments or cash proceeds to us).

 

23.   Can I cancel my IBUK Stocks and Shares ISA?

You have a legal right to cancel your IBUK Stocks and Shares ISA if you change your mind but there are timelimits on doing so, see below section 24 for more information.

 

24.   How can I cancel my IBUK Stocks and Shares ISA?

 If you want to cancel your IBUK Stocks and Shares ISA, you must do so within 14 days from the date you receive our email confirming the establishment of your IBUK Stocks and Shares ISA (a cancellation must be requested from the Client Portal).

 Cancellation rights will also apply to the receipt of transfer payments.  You have 14 days from the date you receive our email acknowledging the transfer to exercise your right to cancel (a cancellation must be requested from the Client Portal). NB. If you cancel the transfer of your stocks and shares ISA from another ISA manager to IBUK, that ISA manager may not agree to accept the stocks and shares ISA back. This may result in that stocks and shares ISA being closed, and the tax benefits being lost.

 

25.   How safe is your IBUK Stocks and Shares ISA?

IBUK is authorised and regulated by the Financial Conduct Authority, and is approved by HMRC to act as an ISA manager (including in respect of stocks and shares ISAs).  Your account is held with IBUK’s US affiliate, Interactive Brokers LLC, regulated by the US SEC and CFTC and member of the SIPC (www.sipc.org) compensation scheme.

 Your IBUK Stocks and Shares ISA will not be covered by the Financial Services Compensation Scheme (FSCS) in the UK. Instead, your eligible assets are protected from loss under the US SIPC at an amount of up to USD 500,000 (subject to a cash sublimit of USD 250,000). As with all securities firms, this coverage protects against the failure of a broker-dealer, not against the loss of market value of securities. You will not get any compensation only because the value of your investments falls.

 IBUK and Interactive Brokers LLC are part of the Interactive Brokers Group. The Interactive Brokers Group, Inc. is a listed public company trading on U.S. markets under the symbol “IBKR” with a market capitalization of over USD 30 billion, as of Nov 17, 2021. On a consolidated basis, IBG LLC exceeds USD 10 billion in equity capital, over USD 6.2 billion in excess of regulatory requirements. IBG LLC's owners are the public company, Interactive Brokers Group, Inc.  and the firm's employees and their affiliates. Client money is segregated in special bank or custody accounts, which are designated for the exclusive benefit of clients of Interactive Brokers. Interactive Broker’s client equity as of Oct 30, 2021 was USD 380.9 billion.

 

26.   How can I file a complaint with IBUK?

 Customers are actively encouraged to use the WebTicket system for prompt attention.

 A copy of our Complaints Procedure is available here https://www.interactivebrokers.com/en/index.php?f=292 You can also direct your ISA specific complaints via email to isa@interactivebrokers.co.uk (Please note that in order to ensure that your complaint is flagged and given the required attention, Interactive Brokers kindly asks you to state "COMPLAINT" in the subject header field of the email).

 

27.   Are Corporate Actions allowed under my IBUK Stocks and Shares ISA?

Allowed to participate but cannot exceed the annual ISA subscription limit. If it were to exceed the subscription limit, the shares should be transferred to a non-ISA account (see above sections 16 ‘What should I do if I exceed my ISA allowance?’ and 14 ‘Does Interactive Brokers have any mechanisms in place to ensure customers do not exceed the ISA allowance for the relevant tax year?’.

 

28. FX Handling and your IBUK Stocks and Shares ISA

Interactive Brokers will automatically convert currencies when trading non-GBP denominated securities. To do this, Interactive Brokers will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceeds of a sell order. For opening orders Interactive Brokers will base the exchange rate off the spot exchange rate at the time of trade plus our 0.03% fee. For closing orders any non GBP balances will be closed at the end of the trading day at the closing exchange rate of the day plus our 0.03% fee.

The below example illustrates the cost in GBP of a $1,000 USD Trade

Example GBP/USD Spot Rate: 1.3432/1.3433

Order Type

FX Conversion Rate inc 0.03% fee

Cost of $1000 USD Trade

Buy

1.3430

£744.61

Sell

1.3435

£744.31

 

29. What if I have additional questions?

Our customer services team are on hand to help via phone or email.  If you have any questions about your IBUK Stocks and Shares ISA, please contact our dedicated ISA Support team who are available 8am to 6pm GMT Monday to Friday, excluding public holidays.  

 

Añadir usuarios (no empleados) a una cuenta individual

Overview: 

Los titulares de cuentas individuales tienen la capacidad de añadir varios usuarios a su cuenta de IBKR. Es probable que el titular de la cuenta desee añadir a un segundo usuario registrado bajo su propio nombre con el fin de abrir dos sesiones en TWS simultáneamente (una para acceso normal y la otra para conectarse mediante una API). El titular de la cuenta también podrá proporcionar acceso para hasta 5 personas (no empleados), como familiares, conforme con un poder limitado. Además, se les podrá proporcionar a cada una de estas personas acceso a un segundo usuario.

En cada caso, al usuario adicional se le asignará un número de usuario único necesario para iniciar sesión tanto en Client Portal como en la plataforma de negociación de su elección. Los pasos para añadir a un usuario individual (no empleado) se indican a continuación (consulte el artículo KB1004 para ver los pasos a seguir para añadir a un segundo usuario para un titular de cuenta individual).

Background: 

Los pasos para añadir a un usuario que no sea empleado son los siguientes: 

  1. Inicie sesión en Client Portal.
  2. Haga clic en el menú Usuario (icono de perfil en la esquina superior derecha) y, luego, en Configuración de la cuenta.
  3. El panel Usuarios y derechos de acceso se muestra a la derecha en la columna de Configuración y muestra todos los usuarios que ha añadido a su cuenta.
  4. Haga clic en el icono Configuración (engranaje) para abrir la pantalla Usuarios y derechos de acceso.
  5. Aparecerán dos paneles: el panel de Usuarios muestra las personas que ha añadido a su cuenta, así como su relación con el titular de cuenta principal; y el panel Roles de usuario muestra todos los roles de usuario que ha creado.
  6. Añada, edite o elimine Usuarios utilizando el conjunto de iconos a la derecha.
  7. El proceso de añadir un usuario y asignarle derechos de acceso se divide entre varias pantallas. Luego de completar cada ventana, haga clic en Continuar para avanzar a la siguiente pantalla. Si desea realizar cambios en la ventana anterior, haga clic en Volver.
    1. En la primera ventana, introduzca la información sobre el usuario, lo que incluye el nombre de usuario, contraseña, nombre, relación con el titular de cuenta principal, y dirección de correo electrónico.
    2. En la siguiente ventana, seleccione un rol de usuario, si ha guardado alguno. Los roles de usuario aplican automáticamente un conjunto de derechos de acceso configurados previamente al nuevo usuario. Si hace esto, puede saltearse las ventanas adicionales y continuar con la ventana de revisión.
    3. Cada ventana siguiente le permite otorgar al nuevo usuario derechos de acceso a un grupo específico de funciones. En cada ventana, otorgue acceso a las funciones haciendo clic en la casilla junto a cada una.
  8. La última ventana en el proceso le permite revisar toda la información acerca del nuevo usuario, lo que incluye derechos de acceso. Los derechos que se hayan asignado al nuevo usuario se muestran verificados en verde; los derechos que no se hayan asignado al nuevo usuario se muestran tachados. Si todo es correcto, haga clic en Continuar. Haga clic en Volver para realizar cambios.
  9. Si no participa de un sistema de conexión segura para la autenticación en dos factores, recibirá un correo electrónico con un número de confirmación. Ingrese el número de confirmación enviado por correo electrónico y, a continuación, haga clic en Continuar. Si no ha recibido un número de confirmación, haga clic en Solicitar número de confirmación para que se le envíe un nuevo número de confirmación a su dirección de correo electrónico.
  10. Haga clic en Aceptar para guardar el nuevo usuario, el cual aparecerá en el panel Usuarios y derechos de acceso.

 

NOTAS IMPORTANTES:

1. De acuerdo con los requisitos de los proveedores de datos de mercado, el usuario principal de la cuenta se calculará como una comisión de suscripción a los datos de mercado por separado para cada cuenta añadida. 

2. Los titulares de cuenta podrán eliminar una cuenta de usuario haciendo clic en el enlace eliminar junto al nombre de usuario que se encuentra en la sección Usuarios y derechos de acceso.

Preguntas frecuentes: guía sobre tareas previas a la migración a IBCE

Overview: 

Tal como se indicó anteriormente, IB finalizará sus operaciones reguladas y, como resultado, tendrá que realizar algunos cambios con relación a la entidad jurídica que opera con usted. Nuestra intención es que todas sus cuentas, inversiones y servicios actualmente proporcionados por IBLUX pasen a ser proporcionados por IBCE.

Antes de que se tenga lugar la Transferencia propuesta, deberán completarse algunas tareas en Client Portal. Estas tareas podrán incluir:

- Envío de documentación como prueba de identidad

- Envío de documentación como prueba de residencia

- Finalización de la tarea de envío de autorretrato (selfie) para la verificación de identidad

- Cambios en la cartera de inversiones

Lea cuidadosamente estas preguntas frecuentes para completar las tareas necesarias y facilitar la Transferencia propuesta. Para obtener más información sobre esta transferencia, consulte las preguntas frecuentes para IBCE

¿Cómo accedo a los asuntos pendientes en Client Portal?

Siga el procedimiento a continuación para acceder a los asuntos pendientes en Client Portal:

  1. Inicie sesión en Client Portal.
  2. Haga clic en el icono de Notificaciones (campana) en la esquina superior derecha. El número en el icono muestra el total de notificaciones no leídas que tiene.
  3. Se abrirá un menú desplegable y le mostrará asuntos pendientes, acciones corporativas y mensajes.
  4. Haga clic en Asuntos pendientes.
  5. Puede abrir y ver los asuntos pendientes para ver la información sobre el asunto. Haga clic en el botón Ver en el asunto pendiente que desee ver.

 

¿Cuáles son los documentos aceptados para estas tareas?

Los documentos aceptados como prueba de identidad y prueba de dirección incluyen los siguientes:

Categoría de documento Documentos aceptados (solo se necesita un documento por categoría)

Prueba de identidad del titular de la cuenta

Proporcione un documento (o varios) en vigor y válido que contenga la siguiente información: nombre completo, fecha y lugar de nacimiento, una fotografía nítida, firma del titular, número de documento, fecha de caducidad y país emisor. Si la información solicitada se encuentra en varias páginas, proporcione copias de todas estas páginas.

• Pasaporte

• Tarjeta nacional de identidad

• Permiso de conducir

Prueba de dirección de residencia del titular de la cuenta

El documento debe indicar claramente el nombre del solicitante y la dirección relevante, y debe haberse emitido dentro de los últimos seis meses, a menos que se especifique lo contrario. Proporcione una versión escaneada de una factura impresa.

• Factura de un servicio, por ejemplo, una factura de electricidad, gas, agua, línea de telefonía fija, Internet de banda ancha del hogar o de televisión. las facturas de telefonía móvil no se aceptan como prueba de dirección.

• Factura del impuesto municipal

• Factura de la póliza de seguro del hogar

• Extracto bancario, de una hipoteca o de corretaje

• Carta con firma y sello de su banco, en papel membretado del banco, que confirme su dirección

• Extracto de tarjeta de crédito (emitido dentro de las últimas seis semanas)

• Cartas o extractos emitidos por un gobierno. Por ejemplo, aceptamos facturas de impuestos sobre la propiedad, confirmación de dirección de residencia de las autoridades locales o un extracto de jubilación. Deberá estar impreso en un papel con el membrete oficial del gobierno.

• Permiso de residente

• Permiso de conducir o tarjeta nacional de identidad. Si utiliza su permiso de conducir o tarjeta de identificación nacional como prueba de identidad, no puede usarse también como prueba de dirección.

• Para HUNGRÍA solamente: TARJETA DE DIRECCIÓN que muestre la dirección de residencia actual.

 

¿Qué cambios en la cartera de inversiones necesito realizar?

IBCE admitirá una cantidad limitada de divisas para depósito. Las siguientes diez divisas para depósitos en efectivo, o las "Divisas permitidas para depósito" son:

• EUR, USD, GBP, CHF, DKK, NOK, SEK, HUF, CZK y PLN

Se le pedirá denominar una divisa base de las divisas permitidas para depósito y, si mantiene saldos de efectivo en largo en otras divisas, se le pedirá convertir esos saldos a una de las divisas permitidas para depósitos antes de la migración.

De acuerdo con las normas sobre la protección de activos de clientes en Hungría, los fondos de los clientes deberán estar protegidos de la misma forma en la que fueron recibidos por el bróker. Esto contrasta con su bróker anterior, IBLUX, cuyas normas regulatorias sobre los activos de clientes les permitían proteger sus fondos por un valor equivalente en otra divisa.

Los saldos de divisas en corto no se verán modificados. Podrá tomar prestado en cualquier divisa que ofrezca el grupo IBKR.

Todos los saldos en efectivo, con la excepción de los devengos (p. ej., intereses, dividendos) se transferirán al mismo tiempo. Una vez que los devengos se hayan liquidado y depositado en efectivo, se transferirán automáticamente a IBCE. Una vez que todos los devengos se hayan transferido, su cuenta corriente en IBLUX se cerrará y no podrá accederse a ella para negociar. Aún tendrá acceso a esta cuenta cerrada a través de Client Portal para ver e imprimir extractos del historial.

IBCE ofrece CFD sobre metales, pero no ofrece futuros al contado ni futuros sobre metales extrabursátiles. Se le solicitará cerrar estas posiciones antes de la conversión a una cuenta de IBCE.

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