Website Terms of Use 


Access to this website is provided by Insight Investment Research LLP (“IIR”). This website (the “Website”) is maintained and owned by IIR, a limited liability partnership (LLP) registered in England with registered number OC385138. In this agreement IIR shall mean Insight Investment Research LLP and its associated employees and affiliates. The business address and registered office of IIR is: 15 New Caledonian Wharf, 6 Odessa Street, London, SE16 7TN. IIR is authorised and regulated by the Financial Conduct Authority (“FCA”) in the UK and is a registered investment advisor with the Securities and Exchange Commission (SEC) in the US. The terms of Legal Notice are subjected to be updated any time through a new version of the Legal Notice set out on the Website and will take effect immediately. This Legal Notice shall be governed by and construed in accordance with the laws of England and Wales. In relation to any contractual or non-contractual dispute, you irrevocably agree to submit to the jurisdiction of the English courts. Use of this Website is governed by the terms and conditions of this Legal Notice and Disclaimer and by continuing to use this Website and you agree to the following:


Communications with IIR may be made by, e-mail by telephone +44 (0) 203 397 9192 or in writing to the address specified earlier. IIR will not be responsible for the reliability and security of information transmitted electronically via the internet and such communication is at your own risk. IIR shall have no liability or responsibility for any loss or damage incurred in the event of any service disruption of any telecom or computer system. IIR may change the format and content of the Website or suspend operation of the Website at any time without notice.


The information and research on this Website is not intended for distribution to any person or entity in any country or for any use where it would be contrary to local laws or regulation. Access to the Website is not for residents or citizens of any territory or jurisdiction where it would require any registration, filing, application for any license or other steps to be taken by IIR to comply with local laws or other regulatory requirements. It is your responsibility to be aware of applicable legal or other regulatory requirements in the territory in which you are resident or of which you are a citizen. Allowing you access to the Website, and the acceptance of this Legal Notice by you, is subject to it not infringing any local laws or other regulatory requirements. If you are in any doubt about local laws and regulations of a given territory, you should seek professional advice.

This Website is designed for the user’s own use and by accessing this website you agree to these terms and conditions. If you do not agree to be bound by and comply with these terms, do not use this site.


To the extent that you have separately accepted IIR’s Terms of Business (the “Terms of Business”), then the Terms of Business will also govern the use of research and related materials on this website. Subject to the Terms of Business, your use of this Website will continue to be subject to this Legal Notice.

IIR provides you with a non-exclusive, revocable limited license to browse the Website for your own use and to print off pages from the Website.  Whilst information extracted from the files on the Website may be used for your own research, any copying or distribution of such files in whole or in part without prior permission from IIR is strictly prohibited. You are advised to change your password regularly.

You agree that you will not systematically copy or use in any manner substantial parts of the Website nor remove, change or obscure in any manner anything on this Website.

This website is only for persons who are professional clients or eligible counterparties for the purposes of the FCA rules or persons to whom our research may be lawfully distributed, such as relevant corporates. This Website should not be accessed by or relied on by others. Under no circumstances are the contents to be interpreted as any offer to sell, or any solicitation of an offer to buy, investments. This Website is for information purposes only and does not contain investment, tax, legal or other advice, which you are encouraged to seek elsewhere.

IIR’s research is subject to the disclaimer included in our research reports. IIR’s research analysts are not permitted to have a position in the securities within their coverage universe, however other employees could have such positions. Any investments referred to on our website may fluctuate in price or value. Investors may receive back less than their original investment value. Exchange rate fluctuations may have a negative effect on the value of investments.

The research compiled and published by IIR is the property of either IIR or its licensed providers and may only be used as authorised by this Legal Notice. The “Insight Investment Research” (IIR) name and other trademarks and logos appearing on our Website and in our research are trademarks of IIR. All intellectual property rights related to our research and Website are reserved for IIR and may not be reproduced without our prior consent. IIR does not accept any responsibility for the accuracy of any information obtained from third parties.

Liability for Loss

IIR shall not be liable for any direct or indirect, incidental or consequential loss or damage including, but not limited to, loss of revenue, profits or goodwill, arising from the use, non-availability of the Website or any part of the research on the Website. Although the research material published on the Website is intended to be reliable and accurate, it has not been independently verified. No warranty is given by IIR or its employees as to the accuracy or completeness of research on the Website and thus no employee shall have liability for any inaccuracy or omissions. This is without prejudice to any duty IIR may have to its clients under the FCA Rules or the Financial Services and Markets Act 2000.

Restricted sections

Application for access to the “restricted access” pages of the Website is subject to the terms set out in this Legal Notice. You will not be able to use such services unless you have accepted this Legal Notice and our Terms of Business and until you have received a unique username and password from IIR. The information contained on the restricted access sections of this Website is confidential and may not be communicated by you to any other persons.

Once you receive a username and password, IIR will assume and expect that any activity that has been logged by your username and password in respect of your account, has been instigated by you. Your usernames and passwords along with access to the restricted pages of the Website are explicitly restricted to you personally and may not be shared with others or disclosed to third parties. You must contact IIR immediately if you believe that your username or password may have been disclosed to or obtained by a third party.

Any personal information, which IIR obtains shall comply with our Privacy Policy.


©Insight Investment Research Ltd., 2013. All rights reserved.