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Financial Commission’s Financial Technology (Fintech) certification is a service provided to companies seeking capital raises (issuers) via Initial Coin Offerings (ICOs). The certification is provided by the ICO Certification Committee (ICC). The certification will not be an indication of whether the ICO will succeed, or fail, nor act as an endorsement of the suitability of the ICO for any investor. The certification is limited to the assessment by ICC of the cryptocurrency platform of the issuer being fit for the purposes of the offering and being in line with the characteristics set out in the relevant white paper.
In particular, the certification does not purport to analyze or endorse the following information regarding the issuer and the ICO:
• strategies, outlook and growth prospects;
• future plans, expectations, projections and potential for future growth;
• plans or intentions relating to new products and acquisitions;
• future revenues and performance;
• liquidity, capital adequacy, capital resources and capital expenditures;
• economic outlook and industry trends;
• developments in markets in which the issuer operates;
• the impact of regulatory initiatives;
• the issuer’s competitive strengths and weaknesses; and
• the strengths of the issuer’s competitors.
NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED, IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THE INFORMATION OR THE OPINIONS CONTAINED IN THE CERTIFICATION REPORT. THIS CERTIFICATION REPORT IS NOT TO BE RELIED UPON IN ANY MANNER AS INVESTMENT, FINANCIAL, LEGAL, TAX OR ANY OTHER ADVICE AND SHALL NOT BE USED IN SUBSTITUTION FOR THE EXERCISE OF INDEPENDENT JUDGMENT AND EACH PERSON MADE AWARE OF THE INFORMATION SET-FORTH IN THE REPORT SHALL BE RESPONSIBLE FOR CONDUCTING ITS OWN INVESTIGATION AND ANALYSIS OF THE INFORMATION CONTAINED IN THE CERTIFICATION REPORT. EXCEPT WHERE OTHERWISE INDICATED, THE INFORMATION PROVIDED IN THE CERTIFICATION REPORT IS BASED ON MATTERS AS THEY EXIST AS OF THE DATE STATED OR, IF NO DATE IS STATED, AS OF THE DATE OF PREPARATION AND NOT AS OF ANY FUTURE DATE, AND THE INFORMATION AND OPINIONS CONTAINED IN THE CERTIFICATION REPORT ARE SUBJECT TO CHANGE WITHOUT NOTICE. FINANCIAL COMMISSION DOES NOT ACCEPTS ANY OBLIGATION TO UPDATE OR OTHERWISE REVISE ANY SUCH INFORMATION TO REFLECT INFORMATION THAT SUBSEQUENTLY BECOMES AVAILABLE OR CIRCUMSTANCES EXISTING OR CHANGES OCCURRING AFTER THE DATE OF THE REPORT. NONE OF FINANCIAL COMMISSION, ICC OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS SHALL HAVE ANY LIABILITY WHATSOEVER (IN NEGLIGENCE OR OTHERWISE) FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF A CERTIFICATION OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION WITH THE CERTIFICATION AND ANY AND ALL SUCH LIABILITY IS EXPRESSLY DISCLAIMED.
THE INFORMATION CONTAINED IN THE CERTIFICATION REPORT MAY NOT BE REPRODUCED OR REDISTRIBUTED IN ANY FORMAT WITHOUT THE EXPRESS WRITTEN APPROVAL OF FINANCIAL COMMISSION.
FINANCIAL COMMISSION MAKES NO WARRANTY THAT THE ISSUER’S PLATFORM OR ANY OTHER TECHNOLOGY USED BY THE ISSUER WILL BE UNINTERRUPTED, ERROR FREE OR AVAILABLE AT ALL TIMES.
FINANCIAL COMMISSION DOES NOT MAKE ANY WARRANTY, EXPRESS, IMPLIED, OR STATUTORY, REGARDING OR RELATING TO THE SUBJECT MATTER HEREOF. WITHOUT LIMITATION TO THE FOREGOING, FINANCIAL COMMISSION SPECIFICALLY DISCLAIMS, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE SUBJECT MATTER HEREOF, INCLUDING, WITHOUT LIMITATION, THE CERTIFIED PLATFORM. FINANCIAL COMMISSION DISCLAIMS ANY LIABILITY FOR ANY FRAUD, NEGLIGENCE OF MISCONDUCT ON BEHALF OF THE ISSUER.
FINANCIAL COMMISSION SHALL NOT BE LIABLE TO THE OTHER PARTY FOR ANY LOSS OF PROFIT, LOSS OF BUSINESS, OR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES IN CONNECTION WITH THE CERTIFICATION MADE BY THE FINANCIAL COMMISSION, EVEN IF SUCH PERSON HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
FINANCIAL COMMISSION’S COMMITTEES, INCLUDING THE ICC, DRC, ITS SHAREHOLDERS, BOARD MEMBERS, MEMBERS, ADVISORS, CONSULTANTS AND OTHER STAFF OR CONTRACTORS MAY REPRESENT – EITHER DIRECTLY OR INDIRECTLY – THE INTEREST OF VENTURE CAPITAL INVESTORS OR RETAIL INVESTORS WHO HAVE ALREADY INVESTED IN OR WHO ARE CONSIDERING INVESTING IN VARIOUS ICOS THAT ARE BROUGHT FORWARD TO FINANCIAL COMMISSION FOR CERTIFICATION/CONSIDERATION.