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Merivane International is committed to full transparency with our clients, counterparties, and regulatory authorities. This page provides our key regulatory disclosures, licensing information, and important client notices.
Merivane International Private Bank Ltd. is a licensed banking institution established in 1887. The Bank holds the following licences and registrations. Clients and counterparties are encouraged to verify our regulatory status directly with the relevant authority.
| Jurisdiction | Authority | Licence Type | Registration No. | Status |
|---|---|---|---|---|
| Switzerland | FINMA (Swiss Financial Market Supervisory Authority) | Banking Licence | CH-B-1887-001 | Active |
| United Kingdom | Financial Conduct Authority (FCA) / Prudential Regulation Authority (PRA) | Deposit-Taking & Investment Services | FRN 987654 | Active |
| United Arab Emirates | Dubai Financial Services Authority (DFSA) | Authorised Firm — Banking | DFSA-F001234 | Active |
| Singapore | Monetary Authority of Singapore (MAS) | Merchant Bank Licence | MB-SG-2001-007 | Active |
| Nigeria | Central Bank of Nigeria (CBN) | Representative Office | CBN-RO-2003-044 | Active |
| Kenya | Central Bank of Kenya (CBK) | Representative Office | CBK-RO-2005-018 | Active |
| Cayman Islands | Cayman Islands Monetary Authority (CIMA) | Class B Banking Licence | CIMA-B-1995-033 | Active |
Clients may verify our regulatory status at any time by contacting the relevant supervisory authority directly. Licence numbers are provided for reference. Representative offices do not conduct banking business in their host jurisdiction and exist solely for liaison and marketing purposes.
Merivane International Private Bank Ltd. is authorised and regulated as a private bank in Switzerland under the Federal Banking Act and supervised by the Swiss Financial Market Supervisory Authority (FINMA). The Bank is a member in good standing of the Swiss Bankers Association.
In the United Kingdom, the Bank operates as an authorised firm under the Financial Services and Markets Act 2000, regulated by the Financial Conduct Authority (FCA) for conduct matters and the Prudential Regulation Authority (PRA) for prudential matters.
Clients resident in jurisdictions where the Bank does not hold a full banking licence are served on a cross-border basis from our licensed entities, in compliance with applicable cross-border rules and private placement exemptions. Clients are advised to seek independent legal advice regarding their own regulatory obligations in their jurisdiction of residence.
Merivane International maintains capital levels in excess of the minimum requirements prescribed by our prudential supervisors. The following summary figures are extracted from our most recently published audited accounts and submitted regulatory returns.
| Capital Metric | Regulatory Minimum | Merivane International |
|---|---|---|
| Common Equity Tier 1 (CET1) Ratio | 4.5% | 18.4% |
| Tier 1 Capital Ratio | 6.0% | 21.2% |
| Total Capital Ratio | 8.0% | 24.8% |
| Leverage Ratio | 3.0% | 9.1% |
| Liquidity Coverage Ratio (LCR) | 100% | 187% |
| Net Stable Funding Ratio (NSFR) | 100% | 142% |
Figures as at 31 December 2023. Capital ratios are calculated on a consolidated basis in accordance with applicable Basel III standards as adopted in the Bank's primary jurisdiction of incorporation. These figures have been reviewed by our external auditors. Full Pillar 3 disclosures are available on request from our Regulatory Reporting team.
Client deposits may be protected by applicable deposit guarantee schemes depending on the jurisdiction in which the account is held. The following schemes apply to deposits held with Merivane International's licensed entities:
Merivane International maintains a comprehensive Conflicts of Interest Policy. We are committed to identifying, managing, and disclosing conflicts of interest that may affect the services we provide to clients.
Potential conflicts of interest may arise in the following circumstances:
We manage conflicts through information barriers, disclosure, independent oversight, and in some cases by declining to act. Where a material conflict cannot be adequately managed, we will disclose it to you before proceeding. A summary of our Conflicts of Interest Policy is available on request.
Where we execute orders on your behalf in financial instruments, we are committed to taking all sufficient steps to obtain the best possible result for you, taking into account price, costs, speed, likelihood of execution, size, nature, and any other relevant considerations.
Our Best Execution Policy sets out the factors we consider, the execution venues and counterparties we use, and how we monitor the quality of our execution. The policy is reviewed at least annually and updated when material changes occur.
A copy of our Best Execution Policy is available on request from your relationship manager or from our Legal & Compliance Department.
Merivane International's remuneration policy is designed to align the interests of our staff with the long-term interests of our clients and the Bank, while avoiding incentives that could lead to inappropriate risk-taking or mis-selling.
Our remuneration framework for staff involved in client-facing roles is governed by the following principles:
A summary of our Remuneration Policy is available on request. Full disclosures required by applicable regulation are included in our Annual Report.
We are required by regulation to maintain, and to make available to clients, a summary of our complaints handling procedure. A full description is set out in our Terms of Service. In summary:
Merivane International is subject to various international tax information exchange and reporting regimes. We are committed to full compliance with all applicable requirements.
Liquidity risk: Some investments, particularly in private markets, alternative assets, and certain fixed-income instruments, may be illiquid. You may not be able to sell or realise such investments at the time or price you choose.
Credit risk: Investments in bonds and other debt instruments carry the risk that the issuer may fail to make interest payments or repay principal. The Bank does not guarantee the performance of any investment.
Currency risk: Holding assets or liabilities in foreign currencies exposes you to fluctuations in exchange rates, which may reduce or eliminate returns or create losses.
Leverage risk: Where lending is used to finance investments, losses may exceed the amount initially invested. Margin calls may require you to provide additional funds at short notice.
Regulatory and tax risk: Changes in law, regulation, or tax treatment may adversely affect the value of investments or the tax efficiency of structures. Clients should seek independent legal and tax advice appropriate to their personal circumstances.
These warnings are general in nature. Specific risk disclosures applicable to particular products or transactions will be provided prior to execution.
For regulatory enquiries, requests for disclosure documents, or to verify our licensing status, please contact our Legal & Compliance Department. For client-facing enquiries, your relationship manager remains your primary point of contact.
This page is updated periodically to reflect changes in our regulatory status, capital position, and disclosure obligations. The date of the most recent update is shown at the top of this document. For the most current information, please contact our Legal & Compliance Department directly.
Our Legal & Compliance team can provide Pillar 3 disclosures, best execution reports, conflicts of interest summaries, and other regulatory documents on request.