Updates to Terms and Conditions

The following changes to our Terms and Conditions will take place from 16th October 2023:

1. We are removing the clause around BTB prices remaining in place for 5 days after the bids closes:

   Accepting a BTB

   The BTB will remain open for a period of at least 5 working days after being declared unconditional, even if this means extending the original closing date. During this period, dissenting owners may accept the BTB.

   After the closing date of an unconditional bid, a bid at the BTB price will remain open on the order board for a minimum of 5 working days. During this period, owners who declined the BTB can sell on the order board at the BTB price.

   The above paragraph will be removed.

2. As a fully separate entity, we are removing any terms involving BullionVault clients:
    

   Identifying yourself

   Where you are an existing BullionVault client, and choose to validate your identity by reference to existing BullionVault records, you permit WhiskyInvestDirect to copy and store appropriate data about you supplied from your BullionVault records at your instruction to BullionVault, and also to do so in the future if the data on your BullionVault account is updated or changed in ways that are pertinent to the ongoing administration of your WhiskyInvestDirect account

   The above paragraph will be removed.

3. We are making changes to the terms of our promotional offers:
    

   How we treat small cash balances

   Where a small balance arises from a WhiskyInvestDirect promotion, and the account has neither been funded nor had the account holder's identity verified according to WhiskyInvestDirect's identity verification procedure, then after any period of inactivity exceeding 3 months the balance may be returned to WhiskyInvestDirect's own resources as an unclaimed promotion.

   will be changed to read:

   Where a small balance arises from a WhiskyInvestDirect promotion, and the account has not both been funded and had the account holder's identity verified according to WhiskyInvestDirect's identity verification procedure, then after any period of inactivity exceeding 3 months the balance may be returned to WhiskyInvestDirect's own resources as an unclaimed promotion.

    

   How we treat small whisky balances

   Where a small whisky balance arises from a WhiskyInvestDirect promotion, and the account has neither been funded nor had the account holder's identity verified according to WhiskyInvestDirect's verification procedure, then after any period of inactivity exceeding 3 months the balance may be returned at WhiskyInvestDirect's discretion to WhiskyInvestDirect's own resources, as an unclaimed promotion.

   will be changed to read:

   Where a small whisky balance arises from a WhiskyInvestDirect promotion, and the account has not both been funded and had the account holder's identity verified according to WhiskyInvestDirect's identity verification procedure, then after any period of inactivity exceeding 3 months the balance may be returned at WhiskyInvestDirect's discretion to WhiskyInvestDirect's own resources, as an unclaimed promotion.