FCA Supervisory Notice

On 20 December 2023 the FCA issued a First Supervisory Notice and a series of requirements to RCWatches Ltd such that it (quoting directly from the notice): has decided to

- vary with immediate effect the Part 4A permissions granted to RC Watches Ltd by removing all regulated activities from those to which the permission relates with the effect of this Variation being that RCWatches Ltd no longer has permission to conduct regulated activity.

In addition the FCA has imposed the following requirements:

-RCWatches Ltd must not, without the prior written consent of the FCA, in any way dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets, and any funds it holds for, or to the order of, its customers or investors (whether in the United Kingdom or elsewhere), whether held by the Firm as at the date of the imposition of the Requirements or acquired thereafter.

- By close of business on 3 January 2024, RCWatches Ltd must publish in a prominent place on every website in its name (or that it operates) in a form to be agreed in advance with the FCA, a notice setting out the terms and effects of the Requirements and Variation.

- RCWatches Ltd must, by 5pm on 4 January 2024 notify all consumers and creditors in writing of the imposition of the terms and effects of these requirements ; and

-RCWatches Ltd must secure all books and records and preserve all information and systems in relation to all activities carried on by it, including but not limited to regulated

activities, and must retain these in a form and at a location within the UK, to be notified to the FCA

The requirements include provision for RCWatches Ltd to continue dealing with or disposing of any of its own assets in the ordinary and proper course of business provided that the sum or value of such dealings or disposals, whether as a single transaction or a combination of related transactions, does not exceed £1,000 (or £3,000 in the case of legal expenses).

The effect of these requirements can be found here: https://register.fca.org.uk/s/firm?id=0014G000034VEWBQA4
2018 June 18 23:01:41

RC Watches takes the privacy and security of your personal information very seriously.

When you register and use our website or deal through RC Watches we will ask you to provide us with certain information including personal data. This information enables us to provide you with the best service we can and helps us keep you informed with research and information you may be interested in. We will not share this information with any third party outside of the RC Watches group of companies unless you have given us permission and your data will always be managed with reference to all relevant laws and regulations. You consent to us releasing information about you to regulated entities in order to obtain any quotations/arrange investments or insurance at your request.

We will also use the data we collect to provide you with the most relevant, personalised and interesting content through our websites, emails, communications and other forms.

This website uses Google Analytics, a web analytics service provided by Google, Inc. (‘Google’). Google Analytics uses ‘cookies’, which are text files placed on your computer, to help the website analyse how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage.

Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

For more information on the use of cookies on this website please see our cookie policy.
Communications between us

To ensure you are kept fully informed RC Watches and other group companies of RC Watches may contact you by mail, email and other means of communication to provide you with the information on your requested service or product.

We may also provide you with information, special offers, research, and promotions of other investments, products and services. If you don’t want to receive information on other products or services you can write us to let us know at the following address: RC Watches, 70 Hatton Garden, London, EC1N 8JT

External links
We will in some places provide links to external websites. RC Watches is not responsible for the content of external internet sites.