This section includes investor type descriptions for professional clients and market counterparties.
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
• a supranational organisation whose members are either countries, central banks or national monetary authorities
• a government, government agency, central bank or other national monetary authority of any country or jurisdiction
• a public authority or state investment body
• an Authorised Market Institution, Regulated Exchange or regulated clearing house
• a Regulated Financial Institution or the management company of a regulated pension fund;
• a Collective Investment Fund or a regulated pension fund;
• a corporate body whose shares are listed or admitted to trading on any exchange of an IOCSO member country
• trustee of a trust which has, or had during the previous 12 months, assets of at least $10 million;
• a Single Family Office licensed under the Single Family Office Regulations
• a person classified as a ‘large undertaking’ who meets two of the following criteria (i) a balance sheet total of at least $20 million; (ii) a net annual turnover of at least $40 million or (iii) own funds or called up capital of at least $2 million
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
• the services provided to the client is in relation to the provision of credit including arranging and/or advising on credit
• the services provided to the client relates to corporate structuring and financing such as advice relating to an acquisition, disposal, structuring, restructuring, financing or refinancing of a corporation or other legal entity i.e. takeovers, mergers and capital raising
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
• the individual (and primary account holder, if relevant) has net assets of at least $1 million; and
• the individual is, or has been, an employee of an authorised firm or a regulated financial institution in the past two years; or
• the individual can provide evidence which demonstrates that they have sufficient knowledge and experience of relevant markets, products and associated risks
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
• has own funds or called up capital of at least $1 million; and
• can evidence that they have sufficient knowledge and experience of relevant markets, products and associated risks
A Market Counterparty is any person who is either:
• authorised firm;
• regulated financial institution; or
• professional client
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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By confirming that you have read this important information, you also:
(i) Agree that such information will apply to any subsequent access to the ‘Professional Client’ section of this website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein;
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Information for users in the Dubai International Financial Centre
This website refers to, and may contain information relating to, Funds which are not subject to any form of regulation or approval by the Dubai Financial Services Authority (‘DFSA’) – the independent financial regulator for the DIFC. The Fact Sheets and Key Investor Information Documents are intended for distribution to persons who meet the regulatory criteria to be classified as a ‘Professional Client’ as specified in the Conduct of Business Module (COB) of the Dubai Financial Services Authority’s Rulebook and must not, therefore, be delivered to, or relied on by, any other type of person. The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with the Funds. Accordingly, the DFSA has not approved any such Prospectus or any other associated documents nor taken any steps to verify information set out in any such Prospectus, and has no responsibility for them. The Units which this website or any document on it are related to may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units. If you do not understand the contents of this section you should consult an appropriately licensed authorized financial adviser.
This website and any documents hosted on it are provided by BlackRock Advisors UK Limited – Dubai Branch to ‘Professional Clients’ as defined by the DFSA. Blackrock Advisors UK Limited – Dubai Branch is regulated by the DFSA and is a branch of BlackRock Investment Management (UK) Limited which is authorised and regulated by the UK Financial Conduct Authority (‘FCA’). Any opinions, projections, forecasts or estimates on this website or any document featured on it are those of the author only, who has acted with a high degree of expertise. They reflect only current views of the author and are subject to change without notice. BlackRock Advisors UK Limited – Dubai Branch has not been a party to or had any material input towards the documents featured on this website. Blackrock Advisors UK Limited – Dubai Branch has no obligation to notify a reader or recipient of information, including documentation, contained on this website in the event that any matter, opinion, projection, forecast or estimate contained herein, changes or subsequently becomes inaccurate, or if research on a subject matter is withdrawn. The investments referred to on this website, including within documentation featured on it, do not take into account the recipient’s suitability requirements or investment risk appetite. Recipients are urged to base their investment decisions upon their own appropriate investigations that they deem necessary. In the event of any doubt about any investment, recipients should contact their own investment, legal and/or tax advisers to seek advice regarding the appropriateness of investing. Any loss or other consequence arising from the use of the material and/or information contained on this website shall be the sole and exclusive responsibility of the investor, and Blackrock Advisors UK Limited – Dubai Branch accepts no liability for any such loss or consequence. Please note past performance is not necessarily a reliable guide to future performance of an investment. Blackrock Advisors UK Limited – Dubai Branch aims to be transparent, fair in business dealings and adhere to DFSA conflicts of interest requirements. For further information please contact the BlackRock Advisors UK Limited – Dubai Branch principal place of business: Office 106-107, Level 1, Al Fattan - Currency House - Tower 1, PO Box 506661, Dubai, United Arab Emirates. Tel: +971 (0) 4 450 07 00 (DFSA Reference Number F000738).
Information about Luxembourg-domiciled funds
BlackRock Global Funds (BGF) BlackRock Strategic Funds (BSF) and BlackRock Global Index Funds (BGIF) are open-ended investment companies established in Luxembourg, which are available for sale in certain jurisdictions only. BGF, BSF and BGIF have each been authorised by the Commission de Surveillance du Secteur Financier (the ‘CSSF’) as an undertaking for collective investments in transferable securities pursuant to the provisions of Part I of the law of 17 December 2010, as amended from time to time and are regulated pursuant to such law. BGF, BSF and BGIF are not available for sale in the U.S. or to U.S. persons. Product information concerning BGF, BSF, BGIF should not be published in the U.S. Subscriptions in BGF, BSF and BGIF are valid only if made on the basis of the current Prospectus, the most recent financial reports and the Key Investor Information Document, which are available on our website. Prospectuses, Key Investor Information Documents and application forms may not be available to investors in certain jurisdictions where the Fund in question has not been authorised.
Information about Irish-domiciled Exchange Traded Funds
iShares plc, iShares II plc, iShares III plc, iShares IV plc, iShares V plc, iShares VI plc and iShares VII plc (together the Companies) are open-ended investment companies with variable capital having segregated liability between their funds organised under the laws of Ireland and authorised by the Central Bank of Ireland.
Information about German-domiciled Exchange Traded Funds
The German domiciled funds are undertakings for collective investment in transferable securities in conformity with the directives within the meaning of the German Law on the investments. These funds are managed by BlackRock Asset Management Deutschland AG which is authorised and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (‘BaFin’).
Information about Swiss-domiciled Exchange Traded Funds
iShares ETF (CH) and iShares ETF II (CH) are umbrella funds established under the Swiss Collective Investment Schemes Act (CISA) of June 23, 2006, as amended, and are divided into sub-funds. The funds are regulated by the Swiss Financial Market Supervisory Authority (‘FINMA’).
The funds described in the following pages of this website are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund. The Shares in these Funds may not have been filed with, or approved or disapproved by, any regulatory authority of any other country or jurisdiction. No sale of Shares will be made in any jurisdiction in which the offer, solicitation, or sale is not authorised or to any person to whom it is unlawful to make the offer, solicitation or sale. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. If any such offer of Shares is made, it will be made pursuant to the current relevant Prospectus that contains material information not contained herein and to which prospective investors will be referred. Any decision to invest in Shares should be made solely on reliance upon the Prospectus or such agreement. Applications to invest in any fund referred to on this website, must only be made on the basis of the offer document relating to the specific investment (e.g. prospectus, simplified prospectus, key investor information document or other applicable terms and conditions).
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An S&P Capital IQ fund grading represents an opinion only and should not be relied on when making an investment decision. Past performance is not indicative of future results. Currency exchange rates may affect the value of investments. Copyright © 2014 by McGraw-Hill international (UK) Limited (S&P), a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.
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