After a rigorous compliance check, we’ve found 90 stocks that have been available to ISA accounts but are not ISA-compliant.
We’re required by HMRC to close all ISA account positions with these securities, as they shouldn’t have existed in the first place.
Yesterday, a small number of clients holding 17 of these securities in Autoinvest were informed of this & were asked to close their positions during today’s session. We’re very sorry about the short notice but due to technical complications with pies, these positions had to be corrected quickly.
Everyone else holding either one of the 90 affected stocks will also be required to close their positions but the period will be extended to Tuesday, the 1st of September, 14:30 GMT+1. Unfortunately, we have to do this as quickly as we can. All ISA customers holding non-eligible positions will be notified by the end of day.
If a position is not closed within the specified timeframe, we’ll have to close it manually. We are not able to transfer the positions to Invest accounts (although you can of course re-invest if you want). We regret that we won’t be refunding any losses, just as we won’t seize any profits.
We’ve taken the necessary steps to make sure this doesn’t happen again.
Full list of the affected securities:
- Amarin Corporation
- Anpac Biomedical Science
- Agora
- Ascendis Pharma
- Autohome Inc
- Avadel Pharmaceuticals
- Best Inc.
- Baidu
- Bilibili
- Burning Rock Biotech Ltd
- Banco Santander Mexico
- Cia De Minas Buenaventur
- Baozun
- Canaan
- Chunghwa Telecom Ltd
- Criteo SA
- Dada Nexus Ltd
- Endava Plc
- Douyu International Hold
- New Oriental Education
- Enel Americas
- Enel Chile
- Fanhua
- Foresight Autonomous
- Futu Holdings
- Greentree Hospitality Gr
- Gravity Co Ltdsponsored
- Gsx Techedu
- Genetron Holdings
- Gw Pharmaceuticals
- Hdfc Bank Ltd
- Himax Technologies
- Huya
- I-Mab
- Chipmos Technologies
- Iqiyi
- Jdcom
- Jiayin Group
- 9f Inc.
- Jinkosolar Holding Co
- Jumia Technologies
- Kitov Pharma Ltd
- Lizhi Inc
- Luckin Coffee Inc
- Latam Airlines Group
- Lexinfintech Holdings
- Mogu Inc
- Momo Inc
- Materialise NV
- Puxin Ltd
- Nice Ltd
- Nio Inc
- Niu Technologies
- Netease Inc
- Oneconnect Financial Techno
- Onesmart International
- Opera Ltd
- Orchard Therapeutics Plc
- Pinduoduo Inc
- Pintec Technology Holdings L
- Qudian Inc
- 360 Finance Inc
- Qiwi Plc
- Qutoutiao Inc
- Redhill Biopharma Ltd
- Ruhnn Holding Ltd
- Sea Ltd
- Silicon Motion Technol
- Sogou Inc
- Tal Education Group
- Tripcom Group Ltd
- Teva Pharmaceutical
- Talend
- Tencent Music Entertainment
- Trinity Biotech Plc
- Trivago NV
- Taiwan Semiconductor
- Ucloudlink Group
- United Microelectron
- Uxin Ltd
- Vipshop Holdings Ltd
- Weibo Corp
- Wipro Ltd
- Wns Holdings Ltd
- Wanda Sports Group Co Lt
- Xunlei Ltd
- Yunji Inc
- Zai Lab Ltd
- Zto Express Cayman Inc