The New FCA Rules for 2024

As a member of Beaufort you gain access to investment opportunities that we are not allowed to share with the general public, sometimes referred to as ‘retail investors’.


The opportunities we bring you are only available to those people who meet the criteria of the UK financial regulator, the FCA, for being classified as a Sophisticated Investor or a High Net Worth investor.

For the first time in 20 years, the qualification criteria have been updated with effect from 1st February 2024. Please read the new criteria below then click on the relevant link to refresh your self-certification in line with the new rules. Please note that we will not be able to send you any new investment opportunities until we are in possession of a new self-certification form completed in 2024.


IMPORTANT NOTE: If you no longer meet the criteria for a High Net Worth investor, you are already a member of our business angel network which we call the Beaufort Society. Provided you have been a member for 6 months or more you can tick that box on the Sophisticated Investor self-certification and continue to receive information about our investments.

New Rules for High Net Worth Investors

The annual income requirement has risen from £100,000 p.a. to £170,000 p.a. and you must specify your income to the nearest £10,000.


Alternatively, the net assets figure has risen from £250,000 to £430,000 of investable funds outside your main home and pension and you must specify your net assets to the nearest £100,000. Remember this can include equity in your property portfolio or cash held in your company if you are in sole control of those funds.

New Rules for Sophisticated Investors

There are three options here:

  • You have worked in the finance or private equity sector in the last 2 years
  • You are a director of a company with a turnover of £1.6 million or more (previously £1 million)
  • You have been a member of a business angel network such as the Beaufort Society for at least 6 months and are still a member. If you choose this option please enter The Beaufort Society in the space provided.