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Please read the important information below before continuing to our website

The Lyxor ETFs on this website may be restricted for certain individuals or in certain countries pursuant to the national regulations applicable to those individuals or countries. It is therefore your responsibility to ensure that you are authorised to invest in the Lyxor ETFs on this website. 

 

If you are an investor in the United Kingdom, please go to www.lyxoretf.co.uk  

If you are an investor in the Netherlands, please go to www.lyxoretf.nl  

If you are an investor in Italy, please go to www.lyxoretf.it  

If you are an investor in Spain, please go to www.lyxoretf.es  

If you are an investor in Austria, please go to www.lyxoretf.at  

If you are an investor in Germany, please go to www.lyxoretf.de   

If you are an investor in Singapore, please go to www.lyxoretf.com.sg  

If you are an investor in Switzerland, please go to www.lyxoretf.ch  

If you are an investor in Belgium, please go to www.lyxoretf.be  

If you are an investor in Poland, please go to www.lyxoretf.pl 

If you are an investor in Norway, please go to www.lyxoretf.no

If you are an investor in Denmark, please go to www.lyxoretf.dk

If you are an investor in Luxembourg, please go to www.lyxoretf.lu

If you are an investor in Sweden, please go to www.lyxoretf.se

If you are an investor in Finland, please go to www.lyxoretf.fi

If you are an investor in Luxembourg, please got to www.lyxoretf.lu

 

 

The Lyxor ETFs on this website are undertakings for collective investment in transferable securities (UCITS) (i) domiciled in France and approved by the Autorité des Marchés Financiers (AMF) or, (ii) domiciled in Luxembourg, approved by the Commission de Surveillance du Secteur Financier (CSSF) and authorised to market their units or shares in the French Republic in accordance with the notification procedure under Article 93 of Directive 2009/65/EC. Investors should note that the prospectuses of certain Lyxor ETFs under Portugal law that have been notified in accordance with this procedure are only available on the website in English.

 

The information on this website is not intended for persons or entities that are resident, located or registered in jurisdictions that are not authorised to distribute Lyxor ETFs. As a result, the information on this website does not constitute an offer or solicitation to buy or sell units or shares in these ETFs by anyone in any jurisdiction:

 

(a)   in which such an offer or solicitation is unauthorised;

(b)   in which Lyxor is not qualified to make such an offer or solicitation; or 

(c)   in which it is unlawful to make such an offer or solicitation.

 

In particular, the Lyxor ETFs on this website are not and will not be registered under the United States Securities Act of 1933, as amended. As such, they may not be offered or sold within the United States of America, except in specific cases where transactions are exempt from registration under the Securities Act. The ETFs listed on this website may not be sold to US citizens or transferred to the United States by any other means, unless this transaction is not subject to any specific registration under US law. 

 

Any person from a jurisdiction to which the above-mentioned restrictions apply should inform themselves of and observe these restrictions.

This website is intended for commercial purposes and is not regulatory in nature. Although the information provided has been drawn up on the basis of sources considered to be reliable, there is no guarantee that it is accurate, complete or relevant. Some of the information on this website is provided on the basis of market data collected at a specific time and may therefore vary over time. Lyxor advises investors to read the risk factors section of the prospectus and the key investor information document carefully. These documents can be found on the website.

 

The net asset value (“NAV”) of Lyxor ETFs may at any time be subject to considerable price fluctuations, which in some cases may lead to the loss of all of the capital invested. Investors should note that some ETFs may be sensitive to fluctuations in the exchange rate between their reference currency and that of the underlying index, as well as of the components of the underlying index.

 

Before investing in a Lyxor ETF, you should carry out your own risk analysis of the product from a legal, tax and accounting perspective, rather than basing your decision solely on the information provided. If necessary, you should consult your own advisers or any other qualified professional. 

 

Subject to compliance with the legal obligations by which they are bound, Lyxor or any entity within the same group shall not be held liable for any financial or other consequences of an investment in the product. 

 

 

By clicking on institutional or individual above, I confirm that I have read and understood the information provided herein, and that I am resident or registered in Portugal.

 

FOR INFORMATION

  • On 1 November 2012 entered into force the Regulation (EU) No 236/2012 of the European Parliament and of the European Council on short selling and on certain aspects of credit default swaps.
  • The Regulation requires people holding net short positions in shares or bonds of the same magnitude or above certain thresholds to communicate those positions to the competent authority before 15:30 of the trading day following the one on which the relevant threshold was reached.
  • For shares, the disclosure threshold is set at 0.2% of the market capitalization of the issuer and any subsequent change at 0.1%. The Regulation requires that the net short positions in shares equal or greater than 0.5% of the market capitalization is to be published.
  • For government bonds and the CDS on sovereign debt the Regulation states the following:
    1. the obligation to report to the competent authorities of individual net short positions on sovereign debt of a significant amount (art. 7);
    2. a ban on short selling in the absence of the availability of the securities, as well as the ban to take positions on uncovered credit default swaps on sovereign issuers (arts. 13, 14);
  • The European Securities and Markets Authority (ESMA) shall publish on its website www.esma.europa.eu the notification thresholds for the sovereign debt of each Member State.
  • The Regulation reports a system of exemptions for market makers and primary dealers.
  • Under the provisions of the new Article 4 ter of the Consolidated Finance Act (Legislative Decree 58/1998), introduced by the Development Decree (Decree 179/2012), the Bank of Italy and Consob are the competent authorities to receive notifications , implement the measures and exercise the functions and powers provided for by the ordinary rules; the Ministry of Economy and Finance (MEF) is the competent authority to intervene in exceptional circumstances, to be exercised on a proposal of the Bank of Italy, after consulting Consob.
  • In particular, to the Bank of Italy must be given notifications of net short positions on sovereign debt and notifications by the Italian market makers and authorized primary dealers in government securities wishing to make use of the exemptions.
  • As for shares, any person or entity for which Italy is the Member State of origin - that is, it is a resident in Italy - is required to give notification to Consob for the use of the exemption as market maker; Moreover, any natural or legal person, wherever resident, is required to make reports to Consob (if they are above the thresholds required by law) of the net short positions relating to issuers whose shares have, as the main market, an Italian regulated market or for which the trading venue to which they have been admitted to trading for the first time is an Italian MTF.
  • For details please refer to the websites www.consob.it, www.bancaditalia.it and www.esma.europa.eu
  • Note that in the calculation of the net short position also contribute exposures (long and short) taken indirectly through the purchase of ETF (short, double short, long and leverage) that replicate indexes that include shares or sovereign debt according to reasonable criteria, on the basis of publicly available information on the composition of the relevant indices.
  • For example, consider that the purchase of an ETF Short (-1x) or Double Short (-2x) of an equity index / bond produces a short position on government bonds / securities comprising the index replicated by ETF, while buying an ETF Long (+ 1x) or Leverage (+ 2x) produces a long position on government bonds /the securities included in the index replicated by the ETF.
  • For information about the index replicated by the ETF, please refer to the documents "Prospectus", "KIID" and "Documento di Quotazione "and / or document" Monthly Update "on the site www.ETF.it (in the section dedicated to the individual ETF). To request information, please contact the toll free number 800 92 93 00 or write to the e-mail address: info@ETF.it.