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Disclaimer Investments

This recommendation is disseminated by ABN AMRO Bank N.V., supervised by AFM and DNB. 


The information provided in this document has been drafted by ABN AMRO Bank N.V. and is intended as general information and is not oriented to your personal situation. The information may therefore not expressly be regarded as a recommendation or as a proposal or offer to 1) buy or trade investment products and/or 2) procure investment services nor as an investment advice. Decisions made on the basis of the information in this document are your own responsibility and at your own risk. The information on and conditions applicable to ABN AMRO-offered investment products and ABN AMRO investment services can be found in the ABN AMRO Investment Services Conditions (Voorwaarden Beleggen ABN AMRO), which are available on www.abnamro.nl/beleggen. Within this framework ABN AMRO Bank N.V. is under supervision of the Netherlands Authority for the Financial Markets (AFM) and the Dutch Bank (DNB).

Although ABN AMRO attempts to provide accurate, complete and up-to-date information, which has been obtained from sources that are considered reliable, ABN AMRO makes no representations or warranties, express or implied, as to whether the information provided is accurate, complete or up-to-date. ABN AMRO assumes no liability for printing and typographical errors. The information included in this document may be amended without prior notice. ABN AMRO is not obliged to update or amend the information included herein.

Neither ABN AMRO nor any of its agents or subcontractors shall be liable for any damages (including lost profits) arising in any way from the information provided in this document or for the use thereof.

ABN AMRO, or the relevant owner, retains all rights (including copyright, trademarks, patents and any other intellectual property right) in relation to all the information provided in this document (including all texts, graphic material and logos). The information in this document may not be copied or in published, distributed or reproduced in any form without the prior written consent of ABN AMRO or the appropriate consent of the owner. The information in this document may be printed for your personal use. 

ABN AMRO or its officers, directors, employee benefit programs or co-workers, including persons which were involved in preparing or issuing this material, may from time to time hold positions in investment products referred to in this material. ABN AMRO may offer and render at any time investment banking-, commercial banking-, credit-, advice-, and other services to the issuer of any security referred to in this material. Pursuant to offering and rendering such services, ABN AMRO may come into possession of information not included in this material and ABN AMRO may prior or immediately after publication thereof have acted based on such information. ABN AMRO may in past year have acted as lead manager or co-lead manager with regard to a public offering of investment products from issuers as mentioned in this material. The stated price/exchange rate of any investment products mentioned herein is as of the date indicated and is not a representation that any transaction can be effected at this exchange rate. The opinion is based on investment research. ABN AMRO has made effective internal organisational and administrative arrangements for the prevention and avoidance of conflicts of interest with respect to the recommendations.

Personal/company disclosure 
ABN AMRO N.V., the author or any of its employees do not have any (financial) interests in the issuer or conflicts of interest with regard to other services provided by ABN AMRO. ABN AMRO Group clearly secludes it’s activities within the Group that might in any way impair the objectivity of the author and the recommendation.

US Person

US Securities Law Disclaimer 
ABN AMRO Bank N.V. (‘ABN AMRO’) is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the ‘1934 Act’) and under applicable state laws in the United States. In addition, ABN AMRO is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the ‘Advisers Act’ and together with the 1934 Act, the ‘Acts’), and under applicable state laws in the United States. Accordingly, absent specific exemption under the Acts, any brokerage and investment advisory services provided by ABN AMRO, including (without limitation) the investment products and investment services described herein are not intended for U.S. persons. Neither this document, nor any copy thereof may be sent to or taken into the United States or distributed in the United States or to a US person. 

Other jurisdictions

Without limiting the generality of the foregoing, the offering, sale and/or distribution of the investment products or investment services described herein is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution. Persons into whose possession this document or any copy thereof may come, must inform themselves about, and observe any legal restrictions on the distribution of this document and the offering, sale and/or distribution of the investment products and investment services described herein. ABN AMRO cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance with the restrictions aforementioned.