General Terms and Conditions

These pages contain information about the services and products of Rivington Street Corporate Finance ("RSCF"). The material is provided for informational purposes only without regard to any particular user's investment objectives, financial situation, or means. Hence, no information contained herein is to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. RSCF does not guarantee the accuracy or completeness of any information or analysis supplied. RSCF shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service. RSCF accepts no responsibility or liability for the contents of any other site, whether linked to this site or not, or any consequences from your acting upon the contents of another site. Opening this website shall not render the user a customer of RSCF nor shall RSCF owe such users any duties or responsibilities as a result thereof.


Local regulatory restrictions

This website can be accessed worldwide. The information provided is however only intended for use by, any person in any country where such use would not be contrary to local law or regulation. None of the products and services referred to on this website is available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local law or regulation to which they are subjected.


Use of the website

RSCF including its directors, officers or employees shall not be liable for any damages arising out of your access to, or inability to access, this site or from your reliance on any information provided herein. RSCF disclaims any and all liability for direct, indirect, incidental, consequential, punitive, and special or other damages, lost opportunities, lost profit or any other loss or damages of any kind. This limitation includes any damage or virus, which may affect your computer equipment.


Translation deviances

For customer benefit RSCF may offer this website in a number of languages. Users of the website agree that RSCF shall not be held liable to anyone for any direct or indirect loss caused in whole or in part by the incomplete or inaccurate translation of the original English text to another language. Any translation that constitutes a departure from the English text should be disregarded.


Copyright

The works of authorship contained in this website, including but not limited to all design, text and images, are owned, except as otherwise expressly stated, by RSCF, and may not be copied, reproduced, transmitted, displayed, performed, distributed, rented, sublicensed, altered, stored for subsequent use or otherwise used in whole or in part in any manner without the prior written consent of RSCF.


Third party services

On the website, other companies may advertise their services through links or banners. RSCF does not accept any responsibility or liability for the services offered by any other website or company you may visit as a result of such links or banners. If you decide to act on any such information or offers, you do so entirely at your own risk.


Client relationship

When applying for an account with RSCF, each client will be subject to the relevant business terms depending on the type of relationship. All clients must be familiar with the specific business terms and related policies, which apply to the client relationship with RSCF.



Conflicts Disclosures

Our parent company RSH through its affiliates provides a number of services to a range of companies and as a result, we have other commercial relationships with many of the companies that we advise. Where a conflict exists, we will disclose the nature of the conflict on any published research.

All research recommendations published by any analysts employed within the RSH’ group will prominently set out if any company within the group has any interest in the company concerned and what that interest is.

Due to the nature of our business, we do not produce investment research that meets the MiFID’s definition of “independent”. It is therefore not prepared in accordance with the legal requirements to maintain the independence of research, and accept as described herein is not subject to the prohibition on dealing ahead of the dissemination of investment research. However, all research published by any member of the RSH’ group will clearly identify if it is a “Marketing Communication”. For factual accuracy, we do occasionally provide the companies we research an opportunity to review; comment upon; and amend the draft document prior to publication.

As a result of the range of investment activities carried out within the group, there are a number of instances that may give rise to potential conflicts of interest within the organisation. Below we have listed a few of the controls that we have in place to manage these:

  • Analysts are not allowed to distribute Investment Research within the group prior to publication to clients.
  • Personnel may not deal for their own account without the prior consent of the Group Compliance Officer.
  • Funds managed by T1ps Investment Management are also restricted from dealing without the prior consent of the Group Compliance Officer, in exactly the same way as all personnel.
  • The Group Compliance Officer may not deal for his own account in any shares.
  • We have a policy designed to prevent all staff (including analysts) from accepting gifts or entertainment worth more than £100 without prior approval from the Group Compliance Officer.
  • Investment Research is only published through its usual distribution channels to all applicable professional and retail clients, on a consistent basis. Our procedures ensure that the timing of research material intended for publication, is distributed to clients on an equal basis.
  • RSCF procedures establish a detailed process for determining the allocation and pricing policy in relation to a specific issue, in consultation with the issuer of securities.

If an analyst comes into possession of price sensitive information, our policies are designed to prevent the analyst from issuing any research for which that information would be relevant.

Further, it is group policy that researchers/journalists are not compensated on the basis of their involvement in producing specific research for clients of RSCF.

We maintain a record of all activities where a conflict of interest has arisen or may arise.

We have a number of controls in place to ensure that the independence of our analysts is not compromised. We also have systems and controls in place to ensure that access to confidential and price sensitive information is restricted and that the research we produce is a true reflection of the analysts’ opinion, based on his/her knowledge of both the sector and the company.

 

 

RSCF is authorised and regulated by the FSA.

RSCF is a member of PLUS markets.

Registered address is 5 – 11 Worship Street, EC2A 2BH, London.