Important Notice

Legal status, compliance and prospectus

The OISF is incorporated as a Foundation (registration number 41190347) under the laws of the Netherlands and functions as an administrative office (Stichting Administratiekantoor [STAK]) for the Oikocredit Ecumenical Development Co-operative Society U.A. (the Oikocredit International Co-operative) for the express purposes of issuing depository receipts (DRs).

The OISF prospectus is approved by the AFM (Autoriteit Financiele Markten), the regulatory authority for financial services in the Netherlands, for the purposes of Article 18 of Directive 2003/71/EC of the European Parliament and of the Council (the "Prospectus Directive").

The prospectus is subsequently pass-ported to several EU member states (including the UK and Ireland) with formal notification of the approval of the prospectus by the Dutch AFM given to the UK Financial Conduct Authority (FCA).

The OISF prospectus should be read in conjunction with the Oikocredit International Co-operative prospectus which is referenced in the OISF prospectus.

Respecting FCA Guidelines

Whilst the OISF is not required to be formally regulated by the Financial Conduct Authority (FCA), Oikocredit believes in undertaking a high level of self-regulation under the guidance of our UK legal counsel, Wrigleys Solicitors LLP (Wrigleys).  Wrigleys are regulated and authorised by the FCA to advise on our UK capital-raising activities within FCA regulation and approve our financial promotions.

This UK website was produced by the UK and Ireland administrative office of the Oikocredit International Share Foundation (OISF) and the financial promotion section (investment opportunity) has been approved in the UK by Wrigleys.

Depository Receipts versus Ordinary Shares

Depository receipts have similar characteristics to ordinary shares with dividends which can be taken, reinvested or donated to our capacity-building activities. Unlike ordinary shares, depository receipts do not come with voting rights and are non transferable. This helps to protect the social mission of Oikocredit and ensures that a sustainable balance between financial and social returns is achieved.  

These depository receipts are the investment product you buy when you invest in the Oikocredit International Share Foundation (OISF). They are classified as non-readily realisable securities by the Financial Conduct Authority (FCA), which is any investment which is illiquid, hard-to-price and for which there is no, or only a limited secondary market.  The investment product is therefore not in a security which is admitted to official listing on, or regularly traded on (or under the rules of) a recognised investment exchange, e.g. the Social Stock Exchange, AIM, the London Stock Exchange.

Ordinary shares in the Oikocredit International Co-operative cannot be obtained via the depository receipts of OISF and this investment opportunity therefore does not constitute an offer of shares in the Oikocredit International Co-operative. 

The OISF comes under the umbrella of the Oikocredit International Co-operative and was established in 1995 for raising investment from the public by using depository receipts, which invests its funds by way of shares in the Oikocredit International Co-operative. Only our 575 shareholder-members (primarily faith-based institutions and the OISF) are permitted to hold ordinary shares in the Oikocredit International Co-operative.