Disclaimers and risk

 

PREFACE

Introductory information on BZ WBK Brokerage S.A. - file in PDF.

BZ WBK Brokerage S.A. is regulated by the Polish Financial Services Authority (polish shortcut – KNF: www.knf.gov.pl/en/).
BZ WBK Brokerage S.A. notifies that risk is inherent in each investment decision, in particular investment risk. The degree of risk varies and depends on the kind of financial instrument being the subject of investment. Taking any investment decision requires assessment of the provisional income as well as the relevant risk.
BZ WBK Brokerage S.A. informs that investing in financial instruments is associated with the risk of losing some or all invested funds.
BZ WBK Brokerage S.A. emphasizes that the price of financial instruments can be affected by many factors that are or may be independent from BZ WBK Brokerage S.A., issuers and results of their performance. These include: changing economic, legal, political and tax situation.
It should be particularly stressed that investing in property rights and derivative rights carries a high investment risk that may result in losing the invested capital or even lead to the necessity of contributing extra funds. Financial leverage used for the purpose of these instruments may boost the investment profitability but can also render bigger losses.
Credit products and receivables limits are also related to financial leverage, which may result in generating greater return rates as well as losses.
While investing in financial instruments listed on foreign markets, the Investor should additionally take into account the risk related to foreign exchange rates.
Information on high rates of return on a particular investment or services provided in the past should not be deemed as guarantee of generating comparable results at present or in the future and should not be construed as forecast of such results.
The aforementioned information does not cover all possible risks.
Information on risks related to particular instruments is disclosed by issuers in issue prospectuses, informative memoranda, and regulations on trading and issuing. Relevant information is also provided by specialised information services, the Warsaw Stock Exchange (http://www.gpw.com.pl/) and the Polish Financial Services Authority (www.knf.gov.pl/en). The aforementioned sites also provide educational assistance for investors.
BZ WBK Brokerage S.A. shall not be held liable for damages suffered by the Investor in relation to provision of the aforementioned data related to investment risk in connection with past, present or future investments.

LEGAL DISCLAIMER

BZ WBK Brokerage S.A. informs that data contained herein should not be considered as an offer for provision of any services to the website Users, including brokerage activities, as its sole purpose is to provide information.
BZ WBK Brokerage S.A. will from time to time update and modify the data contained herein, however, it shall not be liable for accuracy, validity or completeness of the presented products, analyses or data, with the use of received information being at the User’s sole risk. BZ WBK Brokerage S.A. shall not be held liable for any damages suffered in connection with usage or reliance upon such information. The use of this website is at the User’s sole risk.
By being granted access hereto, the User shall acknowledge and agree that electronic mail and other data transmitted via the Internet may be subject to third-party interference and should not be deemed confidential.
Legal and Compliance Department of BZ WBK Brokerage S.A.

The information about each investment product is not directed to any person who resides or is located in a jurisdiction who legally may not purchase such product, or in which such product may not be offered. The laws of each jurisdiction determine whether a particular investment product may be purchased in that jurisdiction.
The information in this web site does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction, or for the benefit of any person.

 

Stipulations related to usage of the PAP service

Definitions:

Recipient – Clients of BZ WBK Brokerage S.A. who entered into agreements with the BZ WBK Brokerage S.A. on provision of brokerage services and use the encrypted service providing the PAP information and other individuals who have access to BZ WBK Brokerage S.A. websites generally available to the public.

Stipulations:

The recipient shall be obliged to observe the following regulations:

1. By using the PAP service in whole or in part, the Recipient shall use data solely for its internal informative purposes and shall not distribute it.
2. By using the PAP service in whole or in part, the Recipient shall not re-transmit or otherwise furnish data obtained from the service to any third party.

Dom Maklerski BZ WBK S.A.

The range of services and conflict of interests

 

The range of services

Pursuant to the provisions stipulated in the Act on Trading in Financial Instruments of July 29 , 2005 (Journal of Laws of 2005 No 183, item 1538) BZ WBK Brokerage S.A. below presents the range of provided services:

1. accepting and conveying purchase or sale orders for financial instruments carried out both on Polish and foreign markets,
2. carrying out purchase or sale orders for brokerage financial instruments to the Clients’ account,
3. acquiring or selling brokerage financial instruments on their own account,
4. offering brokerage financial instruments,
5. providing services related to performance of signed agreements on standby underwriting and firm commitment underwriting or entering into and performing other similar agreements, if they concern financial instruments,
6. providing ancillary services related to standby underwriting and firm commitment underwriting,
7. keeping securities accounts to register financial instruments and monetary accounts to serve the securities accounts,
8. keeping records of the changes in the balance of financial instruments,
9. providing advisory services for entrepreneurs in connection with capital structure, company strategy or other issues related to such structure or strategy,
10. providing advisory and other services in connection with mergers, demergers and acquisitions.

 

Conflict of interests

It is generally known that in the course of providing financial services to Clients and in the case of certain financial transactions, circumstances may occur giving rise to potential or actual conflicts between the interest of the Clients and the interest of the service provider (including its personnel and associated and affiliated entities).

BZ WBK Brokerage S.A. and its associated and affiliated entities, acknowledge their legal, regulatory and ethical obligations to effectively manage the potential and actual conflicts of interest which could threaten the interest of the Clients.

In order to manage such situations, BZ WBK Brokerage S.A. has implemented the Policy of Counteracting Conflicts of Interest (the “Policy”).

The Policy includes a requirement to disclose the nature and/or source of the conflict of interests, if to the best knowledge of the management, the measures implemented to manage the conflict are not sufficient. Furthermore, BZ WBK Brokerage S.A. may refuse to provide a service which gives rise to such a conflict.

The Policy is based on business procedures underlying the management of particular types of conflicts of interest and contains the requirements to ensure conformance with:

• the Rules of Personal Trading by the Members of Supervisory Board Members, Management Board and Employees of BZ WBK Brokerage S.A.,
• the Policy of Offering and Accepting Gifts and Financial Benefits,
• the Policy of Membership of the Employees of BZ WBK Brokerage S.A. in the authorities of companies other than BZ WBK Brokerage S.A.”.

The Policy has been in force since 1 November, 2007. Detailed information about the Policy will be provided upon the Client’s request.


Markets in Financial Instruments Directive

Learn more >>