| |
|
|
| |
|
|
|
 |
|
|
|
|
|
|
|
| |
|
|
|
|
 |
|
| |
|
|
|
|
The information on the funds and open-end investment companies (Sicav) illustrated on the website pages does not constitute and may not be used for the purposes of an offer or an invitation to purchase and/or sell financial products, in which Gruppo Banca Leonardo could have its own interest in conflict with that of its Clients, due to business and/or group relations therewith, by which virtue it directly or indirectly gets returns in the shape of commissions.
The pages relating to funds and Sicav are also addressed only to Italian residents and do not constitute an offer or an invitation in any jurisdiction in which such offer or invitation is not qualified or to any person to whom it is unlawful to make such an offer or invitation and in any case to any US residents or residents in the territories, possessions or regions under the US jurisdiction.
Moreover, the information contained in the reviews comes from the sources described, that the Bank considers reliable, except as otherwise expressed in the text. The Bank is not liable for any errors, omissions or inaccuracies due to the sources used.
The estimates and opinions expressed herein from the Bank's judgment and may be subject to changes that will be notified in the relevant forms. Reports are distributed by electronic mail and mail exclusively to the Bank's clients. The Research Department’s recommendations and research are distributed to Gruppo Banca Leonardo's clients. The Research Department members who draw up recommendations and research are or can be given a variable pay depending on the volume of commissions generated by the third-party-account trading service supplied by Gruppo Banca Leonardo to institutional clients and have therefore an interest in the performance of the service. The coverage frequency of each financial instrument is set out in every report. The Bank intends to cover every financial instrument with the same frequency as the relevant information notified by the issuer. Any changes of frequency will be notified in the relevant forms. Distribution to third parties different from those indicated and the reproduction, even partial, are forbidden, except for specific prior authorization from the Head of the Bank's Research Department. Gruppo Banca Leonardo S.p.A. has adopted internal procedures and organizational models suitable to ensure a clear separation of the Research Department from all investment services and the independence of financial analysts (the structure hierarchically reports to the Bank's CEO). The internal self-discipline code provides for proper conducts to protect clients and the market (the Research Department staff is NOT ALLOWED to make any transactions in financial instruments covered in the periods prior to or following recommendation, except for prior written authorization by the Head of the Research Department). Gruppo Banca Leonardo S.p.A. is authorized to perform all investment and additional services, according to Legislation No. 58 of 1998. Therefore, Gruppo Banca Leonardo S.p.A. might have a potential interest or conflict of interest with the issuers mentioned herein; these will be specified in each report. The shareholders of Gruppo Banca Leonardo S.p.A. are listed on the Bank’s website (http://www.bancaleonardo.com) ; their stakes and potential other forms of interest or conflict of interests are indicated beside each name. Also, the members of the Bank’s Board of Directors are listed on the Bank’s website; their potential offices in listed issuing financial instruments, their parent companies or subsidiaries are indicated beside each name.
This website contains links to other websites, which are not under the control of Gruppo Banca Leonardo; the user therefore acknowledges that Gruppo Banca Leonardo is not liable, without limitation, for the truthfulness, accuracy, comprehensiveness, compliance with intellectual and/or industrial property rights, lawfulness and/or for any other aspect of the aforesaid websites. Gruppo Banca Leonardo, therefore, does not assume any liability for their contents. |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
