Regulatory Status

Cross-Border Real Estate Advisory is an independent advisory practice operated by Andrew May, a sole practitioner based in Kuala Lumpur, Malaysia. The practice is not licensed, authorised, or regulated by the Securities Commission Malaysia (SCM), Bank Negara Malaysia (BNM), or any equivalent financial services regulatory authority in any jurisdiction in which it operates or in which its clients are domiciled, including but not limited to the Financial Conduct Authority (FCA) in the United Kingdom, the Monetary Authority of Singapore (MAS), the Dubai Financial Services Authority (DFSA), the Financial Markets Authority (FMA) in New Zealand, and the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin) in Germany.

The practice does not hold a Capital Markets Services Licence under the Capital Markets and Services Act 2007 (Malaysia), nor does it hold any equivalent licence or authorisation in any other jurisdiction.

The practice provides independent research, analytical assessment, and advisory services in connection with cross-border real estate acquisition, market analysis, and capital allocation orientation across fourteen analyst-coverage markets spanning four continents.

All services are provided exclusively on a fee-only basis. No commission, referral fee, introducer fee, success fee, or other transactional or contingent remuneration is received from any developer, agent, broker, financial institution, or other third party in connection with any engagement.

Nothing produced or communicated by this practice, whether in written deliverables, verbal consultation, correspondence, or any other form, constitutes or should be construed as regulated financial advice, investment advice, securities advice, legal advice, or tax advice as defined under any applicable statute, regulation, or regulatory framework in any jurisdiction.

The services of this practice are directed exclusively at sophisticated clients, including ultra-high-net-worth individuals, family offices, and qualified intermediaries acting in a professional capacity.

A minimum deployment threshold of USD 250,000 applies to all engagements. This threshold is not a regulatory requirement but reflects the analytical scope for which the practice's services are designed.

Clients are solely responsible for satisfying themselves as to the suitability of any capital allocation decision. Clients are strongly encouraged to obtain independent legal, tax, financial, and regulatory advice appropriate to their jurisdiction and circumstances before acting on any analysis or recommendation provided by this practice.

Nothing in the relationship between this practice and its clients creates or implies a fiduciary relationship, a discretionary management relationship, or any other regulated relationship as defined under Malaysian law or the law of any other jurisdiction.

To the fullest extent permitted by applicable law, Cross-Border Real Estate Advisory and Andrew May accept no liability for any loss, damage, or consequential harm arising from reliance on any analysis, opinion, or information provided by this practice, whether in writing, verbally, or by any other means.

This statement and all matters arising from or connected with it are governed by and construed in accordance with the laws of Malaysia. Any dispute arising in connection with this statement shall be subject to the exclusive jurisdiction of the courts of Malaysia.

This statement will be reviewed periodically and updated where necessary to reflect changes in the practice's operations, geographic coverage, or applicable regulatory requirements.