Research disclaimer

Regulated Activities

The information/research herein is prepared by IG Asia Pte Ltd (“IGA”) (Co. Reg, No. 200510021K) or foreign marketing partners of IGA (collectively known as IGA Group). IGA is currently regulated by the Monetary Authority of Singapore and currently holds the following licenses:-

1.    Capital Markets Service License under the Securities & Futures Act (Singapore) in (i) Dealing in Securities and (ii) Leveraged Foreign Exchange Trading ; and

2.    Exempt Financial Adviser License under the Financial  Adviser Act advising others by issuing or promulgating research analysis or research reports

IGA is also licensed by Enterprise Singapore to trade CFDs on commodities.

IGA provides Transaction1 trading services on FX, CFDs on securities/ indices/commodities, Options and Digital 100s on an execution ONLY basis. IGA does not engage in proprietary trading activities or provide any other form of services related to securities or other investment products. IGA currently acts as a Principal in dealing with customers for all Transactions. (1Transaction is defined in Term 31 of the IGA Margin Trading Customer Agreement)

 

Restrictions on Distribution

General

The analysis/research herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

 

Distribution in Singapore on behalf of IG Group of Companies

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

 

General Disclosure/Disclaimer

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

 

Financial Interest

Analyst Certification

The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views. The analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report. As of the date the report is published, the analyst and his/her spouse and/or relatives who are financially dependent on the analyst, do not hold interests in the securities recommended in this report (“interest” includes direct or indirect ownership of securities).

IGA & IGA Group Certification

We and our marketing partners, officers, directors, and employees, excluding our research analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.

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