Assuming I close my GIA and cancel my Plus subscription, would my ISA be limited if I have not accepted the new terms and conditions? Even though there can be no securities lending from the ISA.
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Yes. These terms on securities lending are part of our standard terms that you must accept to use the app. In the situation you described, while you would be accepting the terms, you would not have any securities included in the lending pool.
Thanks, itās good to know and will be good to find out as obviously the terms are the binding agreement in the end.
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Can the terms be updated to reflect this? Whilst I appreciate you have confirmed what the company stance will be, the terms clearly state accounts will be terminated if users donāt accept them, which contradicts what youāre saying.
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What happens when Freetrade still hasnāt finished the build after the grace period? Do you plan to extend it? 
Weāll get there in plenty of time 
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Yes we will reflect this change. Thanks @Eden for your eagle-eye to catch this.
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Quite a significant change. Might be worth somebody looking over the T&Cs to check other contentā¦
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The way we are proceeding has not changed, @Jim_mcgrain and it was always our intention to make positions sell/hold only.
Thatās got to be worth a free pair of socks!
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What will the process be if someone wants to transfer out of freetrade? Will we need to liquidate everything to cash or will you accept transfer out in specie?
Not saying that this is the plan for me, but Iām scoping out all possible option including bed &ISA of all assets.
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Thatās great, while I plan to agree to the terms, Iām glad the feedback works and these things get seen
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Iām very early in my investment journey so might be a silly question. So we donāt own our shares?
Generally, yes you do own the shares. A company separate from the broker you bought them through will hold them for safe keeping. This protects you if anything happens to the broker and they are identifiable as belonging to you.
You can read more about how it works at Freetrade here https://freetrade.io/legal/keeping-your-money-safe?_ga=2.138344304.1130786187.1646847871-357932350.1630141658
Not all brokers are like this though, so best to check.
However, in the specific instance of securities lending, if the shares are lent out, they are no longer yours during that lending period and you get another asset their place. Thatās likely cash or gilts/bonds and itās known as collateral. The amount of that collateral is adjusted each day to make sure it still covers the value of the shares you have lent out.
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Has Freetrade discussed these T&C changes with the FCA?
If so, what was their view?
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Itās legal
Itās common practice amongst UK brokers so no need to discuss with FCA.
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HL donāt do it
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Do you know what ācommon practiceā means?
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Yes.
AJ Bell donāt do it
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