We offer Interest and Stocks as part of our Assets product. In this article we use Assets to refer to both Interest and Stocks.
The licence which you are subject to when holding Balances or Jars as different Assets will depend on:
the Asset you are currently holding
the address you had on your Wise account when you switched a Balance or Jar to an Asset other than Cash.
Accounts and Jars held as Cash are always subjected to our payments institution / e-money licences based on your current address.
Balances and Jars held as Interest or Stocks operate under our investment licences based on your address at the moment you switch to Interest or Stocks.
For example, if you have an address in the EU when you switch assets from Cash to Interest, you will be engaging with TINV Europe AS, our authorised EU investment firm.
For accounts located in the EEA
TINV EUROPE AS is a public limited company (Aktsiaselts) incorporated in Estonia under registration number 16267372, whose registered address is Veerenni 24, 10135 Tallinn, Estonia.
TINV EUROPE AS is authorised and regulated as an investment firm by the Estonian Financial Supervision Authority (Finantsinspektsioon) under activity licence number 4.1-1/174.
For accounts located in the UK
TINV is a company incorporated under the laws of England and Wales with company number 11905382. TINV is authorised and regulated by the FCA under FSMA for the provision of investment services. The FCA reference number of TINV is 839689. TINV is included on the Financial Services Register maintained by the FCA.
For accounts located in Singapore
Wise Asia-Pacific Pte. Ltd. is a company incorporated under the laws of Singapore with Unique Entity Number 201422384R, whose registered address is 1 Paya Lebar Link, PLQ2, #13-06/08, Paya Lebar Quarter, Singapore 408533. Wise Asia-Pacific Pte. Ltd. is licensed by the MAS:
(1) As a major payment institution under the Payment Service Act to carry on: (a) account issuance service; (b) domestic money transfer service; (c) cross-border money transfer service; and (d) e-money issuance service.
(2) To conduct regulated activities under a Capital Markets Services Licence granted under the SFA to: (a) deal in capital markets products that are units in a collective investment scheme; and (b) provide custodial services.