Legal & Regulatory Notice
Interactive Brokers – Technology Infrastructure Provider for Order Execution, Trade Settlement, and Safekeeping and Administration of Financial Instruments.
Swedbank, AB – Provider of Payment Services for Client Deposits and Withdrawals.
Myriad Capital
Myriad Capital – Independent Investment Services Provider, Maintaining Its Own Fee Schedule and Regulatory Responsibilities.
1. General Information
Myriad Capital provides services to its clients in accordance with its applicable authorisations, contractual arrangements and regulatory obligations.
In connection with its activities, Myriad Capital uses services and systems provided by third-party financial institutions, including Interactive Brokers and Swedbank.
The respective functions and responsibilities of these institutions are governed by the applicable contractual arrangements and regulatory requirements.
2. Institutional Infrastructure. Independent Expertise.
At Myriad Capital, we believe that robust investment services require both independent expertise and reliable institutional infrastructure.
Our brokerage infrastructure arrangements with Interactive Brokers provide access to established technology, trade execution, clearing and settlement capabilities, and financial instrument custody arrangements.
Institutional Infrastructure
Our operating model is designed to combine Myriad Capital’s independent client service with the infrastructure and technological capabilities of Interactive Brokers.
Subject to the applicable service arrangements, these capabilities include:
- Custody & Asset SafeguardingFinancial instrument custody and asset safeguarding arrangements within the applicable brokerage and regulatory framework.
- Trade Execution & ClearingAccess to established order execution, clearing and settlement infrastructure.
- Technology & ConnectivityElectronic brokerage systems and technical solutions supporting efficient investment operations.
- Operational FrameworkDefined operational responsibilities and procedures between the service providers.
Independent Responsibility
Myriad Capital operates independently and remains responsible for its own client relationships, services and applicable regulatory obligations.
Interactive Brokers does not provide investment advice on behalf of Myriad Capital, does not endorse our investment decisions and does not guarantee investment performance.
Important Disclosure
References to Interactive Brokers describe the relevant infrastructure and service arrangements. They do not imply common ownership, a joint venture, sponsorship or endorsement.
All investment services are provided to clients by Myriad Capital, a financial brokerage firm (an investment firm within the meaning of Directive 2014/65/EU (MiFID II)) holding a Category B financial brokerage firm licence issued by the Bank of Lithuania. View the licence on the Bank of Lithuania website.
Investing involves risk, including the potential loss of capital. Infrastructure and custody arrangements do not eliminate investment risk.
3. Safeguarding of Client Financial Instruments and Funds
The safeguarding of client financial instruments and funds is subject to the applicable provisions of Directive 2014/65/EU (MiFID II), Commission Delegated Directive (EU) 2017/593 and the relevant national implementing legislation.
Financial instruments held through the relevant brokerage arrangements may be maintained in individual or omnibus accounts and may be held through third-party custodians or sub-custodians, subject to the applicable contractual and regulatory requirements.
Myriad Capital remains responsible for the client asset safeguarding, recordkeeping and reconciliation obligations applicable to its own activities.
The use of a third-party custodian, clearing broker or other service provider does not, by itself, transfer Myriad Capital’s regulatory responsibilities to that institution.
The specific treatment of client assets depends on the applicable agreements, account structure, type of financial instrument and relevant legal requirements.
4. Swedbank — Payment Services
Swedbank, AB, a credit institution operating in Lithuania, provides banking and payment services used in connection with client deposits and withdrawals.
Payments are made through the designated bank accounts in accordance with the applicable payment instructions and contractual arrangements.
The provision of payment services by Swedbank is separate from the provision of investment services by Myriad Capital.
Swedbank does not, solely by providing payment services, assume responsibility for investment decisions, order execution or the performance of financial instruments.
5. Myriad Capital — Client Relationships and Fees
Myriad Capital maintains its contractual relationships with clients and performs the functions and obligations applicable to the services it provides.
These include, where applicable, client identification, client categorisation, appropriateness or suitability assessments, client disclosures, order handling and regulatory recordkeeping.
Myriad Capital establishes and discloses its own fees and commissions in accordance with its applicable fee schedule and client agreements.
Fees charged by Myriad Capital are separate from charges that may be imposed by executing brokers, custodians, trading venues, payment service providers or other third parties, where applicable.
The relevant costs and charges are disclosed in accordance with applicable regulatory requirements.
6. Allocation of Responsibilities
Myriad Capital, Interactive Brokers and Swedbank are separate legal entities.
The use of services provided by Interactive Brokers and Swedbank does not establish common ownership, a joint venture or an agency relationship between those institutions and Myriad Capital.
Each entity remains responsible for the services, activities and obligations assigned to it under the applicable agreements and legal requirements.
Neither the provision of brokerage infrastructure nor the provision of payment services constitutes a guarantee of investment performance or protection against investment losses.
7. Legal and Trademark Notice
References to Interactive Brokers and Swedbank are included for the purpose of identifying the relevant technology infrastructure and payment service providers and describing their respective functions.
Such references do not imply that either institution sponsors, endorses or guarantees the services provided by Myriad Capital.
The names, trademarks and logos of Interactive Brokers and Swedbank remain the property of their respective owners. Any use of those trademarks or logos is subject to the applicable permissions and conditions.
This information is provided for the purpose of describing operational and contractual arrangements. It does not amend the terms of any client agreement or replace the applicable regulatory disclosures.
Investment in financial instruments involves risks, including the possible loss of invested capital.
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