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Material published on this website is provided for information only, is copyright of BVBAL and may not be copied or disseminated further in any other way without the express written consent of BVBAL. No part of this website should be construed as a personal recommendation to deal in investments.
The information in this website and the services offered are not directed at or intended for “US Persons” within the meaning of the United States Securities Act of 1993, as amended and the United States Securities Exchange Act of 1934, as amended.
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BVB Advisory Limited (‘BVBAL’) is authorised and regulated by the Financial Conduct Authority and is registered in England (registered number 09332871). BVBAL’s registered office address is situated at 5th Floor, 89 New Bond Street, London, W1S 1DA, United Kingdom. The contents of any e-mail and any files or attachments transmitted with it (the ‘message’) are strictly confidential, intended solely for the use of the addressees for informational purposes only and should not be relied on by you. If you have received any message in error, please delete it and immediately notify the sender. You should not review, disseminate, distribute or copy any e-mail if you are not the intended recipient. Please be advised that any review, distribution, copying or dissemination of, or the taking of any action in reliance on, the information contained in or attached to this message is strictly prohibited, except by the intended addressees only and only for the intended purpose of the message.
Neither BVBAL, nor any of its associates, nor any person holding money or providing custody services to you, makes any representation or warranty whatsoever as to the completeness or accuracy of any information contained in this message. BVBAL accepts no liability for any loss or damage (including without limitation loss of profit) which may arise directly or indirectly from the content of this message, the use of or reliance on such information provided herein. This message is not intended for distribution to, or use by, any person or entity in any location where such distribution or use would be contrary to law or regulation.
Unless otherwise specifically indicated, BVBAL does not accept time sensitive, action-oriented messages or transaction orders, including orders to purchase or sell securities, via email, and unless otherwise stated, email is not an offer to sell or a solicitation of any offer to buy any securities, futures, options, loans, investment products or other financial product or service, an official confirmation of any transaction. All market prices and data and other information contained in or attached to any email are indicative and subject to change without notice, and any views or opinions presented are solely those of the author and may not reflect the views of BVBAL or its affiliates. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment. BVBAL does not provide tax, accounting or regulatory advice.
The transmission and content of this message cannot be guaranteed to be secure or free of errors or viruses. Therefore, BVBAL does not represent that any message (or the information it contains) will be complete, accurate, uncorrupted, timely or free of viruses and it should not be relied upon as such. BVBAL will not be liable if due to circumstances beyond our reasonable control, electronic communications are intercepted, delayed, corrupted, not received, or received by persons other than the intended addressee(s). However, where we think this has happened with an electronic communication from you, we will try and confirm the communication from you.
For your protection, we recommend that you do not send it any individual personal information via communication methods that are not secure, including via public e communication channels, which are generally not secure and could be intercepted by a third party. If you are not comfortable with the risks associated with email and decide not to use unencrypted email to communicate with BVBAL, please notify the sender of the email. The sender provides encrypted email services for certain products and services. Sender reserves the right to intercept, monitor, review and retain all e communications sent to or from its systems as permitted by applicable law. Any electronic communication that is conducted within or through BVBAL’s systems will be subject to being archived, monitored and may be produced to regulators and in litigation in accordance with BVBAL’s policy, rules and regulations.
Financial Research Disclaimer
This document has been issued by BVB Advisory Limited (BVBAL/”we”/”us”/”our”) may produce and issue investment research or offer the investment research of its parent company. BVBAL is authorized and regulated by the Financial Conduct Authority in the United Kingdom. Our investment research is ‘non-independent’. This means that it is prepared by BVBAL on the basis of publicly available information and it is intended only for the use of our clients and potential clients. Our research publications have not been prepared in accordance with legal requirements designed to promote the independence of investment research and, where they relate to financial instruments subject to the Financial Conduct Authority’s requirements on investment research, they are not subject to any prohibition on dealing ahead of the dissemination of investment research.
None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy. This material is produced for marketing and/or informational purposes only and BVBAL makes no representation or warranty, and assume no liability, for the accuracy or completeness of the information provided herein. In providing research material, BVBAL may not have taken into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands and nothing herein is intended as a recommendation for any recipient to invest or divest in a particular manner and BVBAL assumes no liability for any recipient sustaining a loss from trading in accordance with a perceived recommendation. All investments entail a degree of risk and may result in both profits and losses. In particular investments in leveraged products, such as but not limited to foreign exchange, derivatives and commodities can be very speculative and profits and losses may fluctuate both violently and rapidly. Speculative trading is not suitable for all investors and all recipients should carefully consider their financial situation and consult a financial advisor in order to understand the risks involved and ensure the suitability of their situation prior to making any investment, divestment or entering into any transaction. Any mention herein, if any, of any risk may not be, and should not be considered to be, neither a comprehensive disclosure or risks nor a comprehensive description such risks. Any expression of opinion may be personal to the author and may not reflect the opinion of BVBAL and all expressions of opinion are subject to change without notice (neither prior nor subsequent).
Information contained in research documents that is not historical fact and which may be simulated past performance or future performance data are based on current expectations, estimates, projections, opinions and beliefs of BVBAL. Such statements may involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements.
Any research document and the material contained therein is confidential and should not be copied, distributed, published or reproduced in whole or in part or disclosed by recipients to any other person. Any information or opinions in this material are not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution or use would be lawful. The information in this document is not directed at or intended for “US Persons” within the meaning of the United States Securities Act of 1993, as amended and the United States Securities Exchange Act of 1934, as amended.
Investments and Advice Disclaimer
This website has been issued / approved for the purposes of the Financial Services and Markets Act 2000 by BVB Advisory Limited (“BVBAL”). BVBAL is authorized and regulated by the Financial Conduct Authority in the United Kingdom and is registered in England (registered number 09332871). BVBAL’s registered office address is situated at 5th Floor, 89 New Bond Street, London, W1S 1DA, United Kingdom. This website is provided for information and discussion only. It is not a solicitation or an offer to buy or sell any security or other financial instrument. Any information including facts, opinions or quotations, may be condensed or summarized and is expressed as of the date of writing. The information may change without notice and BVBAL is under no obligation to ensure that such updates are brought to your attention.
The price and value of investments mentioned and any income that might accrue could fall or rise or fluctuate. Past performance is not a guide to future performance. If an investment is denominated in a currency other than the base currency, changes in the rate of exchange may have an adverse effect on value, price or income. This document and any related recommendations or strategies may not be suitable for you; you should ensure that you fully understand the potential risks and rewards and independently determine that it is suitable for your given objectives, experience, financial resources and any other relevant circumstances. You should consult with such advisor(s) as you consider necessary to assist you in making these determinations. Nothing in this document constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation to you.
BVBAL does not advise on the tax consequences of investments and you are advised to contact a tax advisor should you have any questions in this regard. The levels and basis of taxation are dependent on individual circumstances and are subject to change.
This website may relate to investments or services of an entity/person outside the UK, or to other matters which are not regulated by the Financial Conduct Authority, or in respect of which the protections of the Financial Conduct Authority for retail clients and/or the UK Financial Services Compensation Scheme may not be available. Further details as to where this may be the case are available on request in respect to this document. Certain information contained herein has been obtained from third party sources. While such information is believed to be reliable for the purposes used herein, no representations are made to the accuracy or completeness thereof and BVBAL takes no responsibility for such information.
This website may not be reproduced either in whole, or in part, without BVBAL’s written permission. This website is not intended for use by any person or entity in any location where such distribution or use would be contrary to law or regulation.
Investments may have no public market or only a restricted secondary market. Where a secondary market exists, it is not possible to predict the price at which investments will trade in the market or whether such market will be liquid or illiquid. As such investments will not be listed or traded on any exchange, pricing information may be more difficult to obtain and the liquidity of the investments may be adversely affected. A holder may be able to realise value prior to an investment’s maturity date only at a price in an available secondary market.
If you have any questions regarding the document, please contact your BVBAL Investment Advisor.