Introduction

1. J.P. Morgan Personal Investing Limited (“J.P. Morgan Personal Investing”) provides specially constructed investment portfolios, comprising investments which have been individually selected to comply with Ernst & Young LLP (“EY”) independence requirements. These portfolios are referred to in these EY Compliant Portfolio T&Cs as “EY Compliant Portfolio(s)”.

2. Our Standard Terms and Conditions, as amended and supplemented by these EY Compliant Portfolio T&Cs, contain the terms that apply to Products and services provided by J.P. Morgan Personal Investing and your EY Compliant Portfolio. Together, they form the legal contract between you and us. You should read both sets of terms before applying for an EY Compliant Portfolio. The capitalised words in these EY Compliant Portfolio T&Cs have the same meaning as in our Standard Terms and Conditions, unless they are expressly given a different meaning here. Should a conflict arise between these terms and our Standard Terms and Conditions, these terms shall prevail.

3. By accessing our services through this webpage, you will be investing your money in an EY Compliant Portfolio. You will be able to select your own Investment Parameters for your EY Compliant Portfolio, as described further in section 4 of our Standard Terms and Conditions.

Who are EY Compliant Portfolios available to?

4. The EY Compliant Portfolios are only available to EY Clients (as defined in point 5 below) opening a Stocks and Shares ISA, a Junior ISA, a General Investment Account, a Lifetime ISA and a Personal Pension Account with us.

 5. “EY Clients” are individuals who, in addition to meeting the eligibility requirements in sections 1.1 and 1.2 of our Standard Terms and Conditions:

a. at the time of opening an account with us are employed by, or are members of, EY or an Immediate Family Member of EY personnel; or

b. are an existing customer of J.P. Morgan Personal Investing and are also, or later become, employed by, or members of, EY or an Immediate Family Member of EY personnel.

“Immediate Family Member” means spouses, spousal equivalents and dependents (e.g., children, stepchildren or other dependents, whether or not they are relatives). For EY Partners and Non-Equity Partners, this also includes the following non-financially dependent relatives if they have shared the same household for at least 1 year: siblings, ancestors (i.e. parents, grandparents) and lineal descendants (i.e. children).

6. If you are an existing customer of J.P. Morgan Personal Investing and you are also, or later become, an EY Client, we can switch your existing portfolio into an EY Compliant Portfolio. Once your existing portfolio is switched into an EY Compliant Portfolio, these EY Compliant Portfolio T&Cs, along with our Standard Terms and Conditions, will apply.

Setting up your account and declaring your investments

7. In order to invest in an EY Compliant Portfolio and for your account to be set up correctly, in addition to the requirements at section 1.1 of Standard Terms and Conditions, you must follow the EY Compliant Portfolio sign up process and select ‘Fully Managed’ as your investment style.

8. The EY Compliant Portfolios are only available in the ‘Fully Managed’ Investment Style. They are not available, and cannot be managed, in any other Investment Style.

9. Notwithstanding section 5.3 of our Standard Terms and Conditions, we will only enter into arrangements and transactions on your behalf that are permissible under the EY independence requirements, as explicitly notified to us by EY.

10. By accepting these EY Compliant Portfolio T&Cs, you authorise us to share with EY information about your investments in the EY Compliant Portfolio to allow the required monitoring as prescribed by EY independence requirements.

11. In accordance with the EY independence requirements, when you first invest in an EY Compliant Portfolio, you must report such investments to EY, by reporting this portfolio in GMS.

Charges

12. The EY Compliant Portfolios will have some different investments compared to our normal Fully Managed Portfolios. The performance and investment fund costs and charges may also vary as a result.

13. The EY Compliant Portfolio investments will be charged a fee in accordance with the Schedule of Fees and Charges.

14. If you are an existing customer of J.P. Morgan Personal Investing and you are required to switch to an EY Compliant Portfolio, you may be charged a different annual management fee depending on the Investment Style of your previous portfolio. As part of the switch, you may also incur additional costs, such as market spread costs. You can find more information on costs and charges here.

What happens when you are no longer an EY employee/member?

15. We will build and manage the EY Compliant Portfolios for EY personnel, while they remain employed by the firm.

16. If you cease to be employed by, or a member of, EY you must notify us. You can also let us know if you would like to:

a. terminate the agreement in accordance with section 20 of our Standard Terms and Conditions; or

b. switch your investment portfolio to a standard Fully Managed or other investment style.

17. If you switch your investment portfolio in accordance with 16(b) above, these EY Compliant Portfolio T&Cs will no longer apply and your investments will be managed only in accordance with our Standard Terms and Conditions. You must ensure you adjust GMS accordingly and report all securities individually in GMS.