Investment Recommendations, Analyses of Investment Opportunities

As part of its activities, Komercní banka, a.s. creates and disseminates investment recommendations, analyses of investment opportunities, and/or analyses, forecasts, and other documents concerning financial markets, foreign currencies, financial instruments and their issuers.

General Information

Pursuant to applicable law and regulations, particularly regulation (EU) 596/2014 on market abuse and regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest, Komercní banka, a.s. (hereinafter also referred to as “KB”) creates and disseminates investment recommendations and/or analyses of investment opportunities.

Komercní banka, a.s. may create and disseminate its own documents as well as disseminate documents created by another entity (in particular the documents created by Société Générale’s analytical departments).

Information contained in the aforesaid documents may in no way be considered as an offer soliciting the purchase or sale of any investment instrument, or as another form of solicitation or invitation to purchase or sell any investment instrument.

Attitudes of Komercní banka, a.s. presented in the aforesaid documents may change without any previous notice, chiefly due to changes in the markets.

Documents and its contents are not designed for persons with permanent residence or seat in the United States of America and to persons who are deemed as “U.S. persons”, as defined in Regulation S under the US Securities Act of 1933, as amended.

ilustrační obrázek

Sources of Information and Fair Presentation of Investment Recommendations

Conflict of Interest

Notice of Risks

Komercní banka, a.s. assumes liability for any loss or damage resulting from the use of the aforesaid documents or information contained therein only to the extent set forth by applicable law.. Primarily, such documents are intended for professional and qualified investors. Any other person who may receive copies of such documents should not base his/her investment decisions solely on them but should also consult an independent adviser. Since the investment instruments referred to in the aforesaid documents may not be suitable for all investors, each investor is obliged to make his/her own informed decision regarding appropriateness of a given investment.

Past returns or performance of investment instruments are not a guarantee of future returns or performance, as expected future performance depends on circumstances that may not occur. Different investment risks may affect the investment instruments and investments; their values may fluctuate and a return of the original investment is not guaranteed. Furthermore, investment instruments denominated in a foreign currency are exposed to the foreign exchange risk that may have a positive - but also negative - impact on the price of a given investment instrument and, consequently, also on the appreciation of the investment.

Final Information

Komercní banka, a.s. is a bank and securities trader (broker) within the meaning of law; as such, is subject to the supervision of the Czech National Bank.