The Markets

Terms of Use

Terms and Conditions of Website Use - United Kingdom

Version: 2.0 - March 2026

Last Updated: March 2026

Review Due: March 2027

Applies to: www.proactiveinvestors.com, www.proactiveinvestors.co.uk and all regional Proactive Investors sites

Welcome to www.proactiveinvestors.co.uk (the "Site"). The Site is operated by Proactive Investors Limited, company number 05639690, whose registered office is at 95 Southwark St, London, SE1 0HX, United Kingdom (the "Company", "we" or "us").

Please read these Terms of Use carefully before using this Site. By using this Site in any capacity, you confirm that you have read, understood, and agreed to these Terms of Use. If you do not agree, please do not use this Site.

We may update these Terms of Use from time to time. Any changes take effect as soon as they are posted. Continued use of the Site constitutes acceptance of any revised terms. We recommend you review this page periodically.

1. About Proactive Investors

Proactive Investors is a full-service financial newswire. We produce independent, objective financial journalism in the style of established newswire services, with full source attribution in every article.

Our editorial team consists of experienced financial journalists whose credentials and professional backgrounds are available via their author profile pages on the Site.

We operate a B2B model in which we may have arm's-length commercial relationships with certain companies we cover. These relationships do not influence editorial output. All content is produced under strict editorial guidelines designed to ensure independence, accuracy, and objectivity. Our Editorial Standards and Corrections Policy is available at Editorial Standards.

Proactive Investors does not provide personalised investment advice, act as a broker, or recommend specific securities to individual investors.

2. Journalist Exemption & Financial Promotions

Financial content published on this Site is produced under the journalist exemption provided for in Article 20 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and in accordance with the FCA's guidance at PERG 8.12.

Where the Site communicates financial promotions that are not exempt under FSMA 2000 or the Orders made thereunder, such communications are issued or approved for distribution in the UK by Proactive Investors Limited.

Proactive Investors does not earn commissions, fees, or other remuneration based on readers making investments in securities covered in our editorial content. Any B2B commercial arrangements with companies we cover are entirely separate from, and do not affect, editorial decision-making or content.

Nothing on this Site constitutes a personal recommendation, offer to buy or sell, or solicitation in respect of any investment or financial product.

3. Editorial Standards & Accuracy

All editorial content on this Site is produced by qualified financial journalists operating under our Editorial Standards Policy. Our editorial process includes source verification, factual checking, and compliance review. Our Standards and Corrections Policy is available at Editorial Standards.

Whilst we take reasonable care to ensure the accuracy and completeness of content published on this Site, we cannot warrant that all information is accurate, complete, or current at all times. Financial markets move rapidly and information may become outdated. We encourage readers to verify information independently before making any financial decisions.

Where errors are identified, corrections are published promptly and transparently in accordance with our Corrections Policy.

4. No Investment Advice

The content on this Site is provided for information purposes only and does not constitute investment advice, a personal recommendation, an offer or solicitation to buy or sell securities, or any other regulated activity. It should not be relied upon as the basis for any investment decision.

Before making any investment decision, you should read the relevant prospectus, term sheet, subscription agreement, or other offering documentation in full, consider whether the investment is suitable for your individual circumstances, financial position, and objectives, and seek independent advice from an appropriately qualified financial adviser.

Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise. You may not recover the amount you invest, and in some cases you may be required to pay more.

5. Risk Warning

Investing in securities, particularly smaller companies and early-stage businesses, carries significant risk.

It may be difficult to sell or realise the value of certain investments.
Investment values are subject to market volatility, changes in interest rates, and currency fluctuations.
Information about the value or risk profile of certain investments may be limited or difficult to obtain.
Returns are not guaranteed and income from investments can go down as well as up.

The Company recommends that all investors independently assess, with the assistance of a qualified professional adviser, the specific financial, legal, regulatory, tax, and accounting consequences of any investment decision.

6. Third-Party Content & External Links

The Site may publish contributed articles, press releases, and other materials prepared by third parties. Where such content is not produced by our editorial team, it will be clearly labelled. The Company does not accept editorial responsibility for third-party contributed content, and its publication does not constitute endorsement of the views expressed.

The Site may contain hyperlinks to third-party websites. These links are provided for reference and convenience only. The Company is not responsible for, and does not endorse, the content or operation of any third-party website. You access linked sites at your own risk.

Where links are commercial in nature, we apply rel="sponsored" or rel="nofollow" attributes in accordance with Google's webmaster guidelines.

7. Data & Third-Party Information Sources

Certain financial data, equity information, and regulatory news data on this Site is provided by Morningstar. Such data may not be copied or distributed except as incidentally necessary for online viewing or printing single copies for authorised users, is not warranted to be accurate, complete or timely, and is provided at your own risk. Morningstar attribution appears adjacent to data visualisations, price feeds, and charts powered by Morningstar data throughout the Site.

Where credit ratings from agencies such as Standard & Poor's, Moody's, Fitch or similar are referenced, these are statements of opinion, not statements of fact, and do not constitute recommendations to purchase, hold or sell securities.

8. Use of the Site

You may use the Site and its content solely for your own personal, non-commercial, informational purposes. You may not use the Site for any trading or commercial purpose.

Unless expressly permitted, you may not reproduce, copy, distribute, republish, download, or transmit any part of the Site without our prior written consent, or use scraping, robots, or automated tools to extract data.

9. Registered Users

Certain content may require registration. By registering, you agree to provide accurate, current, and complete information and to maintain its accuracy.

You are responsible for maintaining the confidentiality of your login credentials and for all activity under your account. Please notify us immediately at action@proactiveinvestors.com if you become aware of any unauthorised use of your account.

10. Conflicts of Interest

We may have commercial relationships with companies featured on the Site. Our employees are required to comply with a policy of editorial independence, and any such relationships are managed so as not to influence editorial content.

11. Intellectual Property

The Site and all content are the property of Proactive Investors Limited or its licensors and are protected by copyright, trade mark, and other applicable laws. The Proactive Investors name and logo are trade marks of Proactive Group Holdings, Inc.

12. Privacy & Cookies

We are committed to protecting your privacy. Our use of personal data is governed by our Privacy Policy.

We use cookies and similar technologies on this Site. Full details of the cookies we use, their purposes, and how to manage your preferences are set out in our Cookie Policy. When you first visit the Site, you will be asked to set your cookie preferences via our consent management tool.

13. Disclaimer of Warranties

The Site and its content are provided "as is" without any express or implied warranties. To the fullest extent permitted by law, the Company disclaims all warranties of accuracy, completeness, timeliness, non-infringement, merchantability, or fitness for a particular purpose.

14. Limitation of Liability

To the fullest extent permitted by applicable law, neither the Company nor its affiliates, officers, employees, agents, or licensors shall be liable for any direct, indirect, incidental, consequential, special, punitive, or exemplary damages arising from your use of the Site or its content.

Nothing in these Terms excludes or limits our liability for death or personal injury caused by our negligence, fraud or fraudulent misrepresentation, or any other liability that cannot be excluded under English law.

15. Indemnification

You agree to indemnify and hold the Company and its officers, directors, employees, agents, and representatives harmless from and against any claims, damages, losses, costs, and expenses arising directly or indirectly from your violation of these Terms, your use of the Site, or any content submitted using your account credentials.

16. Governing Law & Jurisdiction

These Terms of Use, their subject matter, and their formation are governed by English law. You and we both agree that the courts of England and Wales shall have exclusive jurisdiction, except that residents of Northern Ireland or Scotland may also bring proceedings in their respective jurisdictions.

17. Contact Us

If you have any questions about these Terms of Use, please contact us:

Email: action@proactiveinvestors.com
Post: Proactive Investors Limited, 95 Southwark St, London, SE1 0HX
Data queries: dpo@proactiveinvestors.co.uk

These Terms of Use were last reviewed and updated in March 2026 and supersede all previous versions. They are reviewed at minimum annually.