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Terms and conditions Investments

All conditions and useful documents at a glance

As of 1 November 2026, some of the Investment Conditions will change.

  • We are changing the way we record knowledge and experience for investment accounts with more than one person and how we assess orders against that knowledge and experience. As a result, several articles in the General Investment Conditions relating to knowledge and experience will be updated.
  • We have also made a number of minor wording improvements and clarifications. These changes ensure that the Investment Conditions are fully up to date.

As of 1 November 2026, the Options Conditions will also be changed.

  • We have adjusted the approval process for a written call option when you already own the underlying shares. From now on, these shares will immediately count as cover for the written call option.
  • The minimum threshold for automatically exercising domestic options that are "in the money" at expiry will change from 2% to 5% in the money.

You can find the amended articles in the Change document Investment Conditions (PDF, 360 KB)  and in the Change document Options Conditions (PDF, 133 KB) .

You can already view the new Investment Conditions (PDF, 1 MB)  and the new Options Conditions (PDF, 510 KB)  here.

Additional information

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