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Our cookie policy

This section is dedicated to our Privacy Protection Policy. Here you can learn more about the origin and use of the browsing data processed during your visit to our site as well as your related rights. This Policy is important for you in order to have the best possible experience on our site and maximize your confidence in our services. It is important for us in order to fully and accurately answer any questions you may have about your visit to our site and to fully understand your expectations.

While visiting our site, information about the browsing data we receive from your data terminal (computer, tablet, smartphone, etc.) may be stored in "cookies" installed on your device. This is subject to the choices that you have expressed about cookies which you can change at any time.

How are the cookies issued from this site used?

Only the issuer of a cookie is likely to read or change the information contained in such cookie.

Cookies may be included in the advertisements appearing on our site. These advertising spaces displayed on your data terminal show advertising content from advertisers. These spaces contribute to the funding of the content and services we offer you.

The cookies we use on our site

Subject to your choice to allow cookies, when you open our site we may install various cookies in your data terminal allowing us to recognize your device's browser for the duration of the cookies' period of validity. Cookies that we issue are used for the purposes described below, and are subject to your acceptance of them, by way of the browser software settings when you visit our website which you can make known to us at any time (through http://www.youronlinechoices.com,see below « Expressing your choices online through multi-sector initiatives »).

We issue cookies that allow us to:

- compile statistics and traffic volume and measure the use of the various sections of our site (headings and content visited, click streams) which helps us improve the value and usability of our services;

- customize the presentation of our site to the display settings of your data terminal (language, screen resolution, operating system, etc.) during your visit our Site, based on your data terminal's hardware, viewing software and video software;

- customize our advertising spaces to the display settings of your data terminal (language, screen resolution, operating system, etc.) based on your data terminal's hardware, viewing software and video software; - customize the advertising content displayed on your data terminal in our advertising spaces based on the browsing data associated with your data terminal on our site;

- customize the advertising content displayed on your data terminal in our advertising spaces based on your physical location communicated to us by your data terminal with your prior consent

Your choices regarding cookies

There are several ways to manage cookies. The settings that you use are likely to change your internet browsing experience and the conditions of your access to any services requiring the use of cookies.

You can choose to express or modify your acceptance of the use of cookies at any time as described below.

The choices available to you through your browser

You can configure your browser to allow cookies to be stored on your data terminal, to reject them automatically or to reject them from certain issuers. You can also configure your browser so that you are promptly asked to accept or reject cookies before a cookie is saved to your data terminal. For more information, see "How to exercise your choice in the browser you use"

(d) Accepting cookies

It is up to the user of a data terminal to decide whether or not cookies will be accepted on that data terminal. The user is free to make this choice and to modify it at any time through the settings associated with the browser used on the data terminal.

If the browser is set to accept cookies on your data terminal, then the cookies used by the web pages that you have visited will be stored temporarily in a dedicated space on your data terminal. They will be readable only by the issuer.

(e) Rejecting cookies

If you choose to reject cookies on your data terminal, or if you remove any cookies already stored, you will not be able to use a number of features that are necessary to browse certain sections of our site. For example, this would be the case for access to any of our content or services that require you to log in. This is also the case as concerns technical compatibility when we or our service providers cannot recognize the type of browser that you use on your data terminal, its default language and display or the country from which your data terminal is connected to the internet.

If the browser is set to reject cookies on your data terminal, we assume no responsibility for consequences related to the degraded operation of our services resulting from us not being able to store or view the cookies necessary for the full functioning of our site and services.

(f) How to exercise your choice in the browser you use

Each browser has a different way of managing cookies and cookie settings. The configuration of your browser is described in its help menu which will inform you of how to change your cookie settings.

For Internet Explorer™: http://windows.microsoft.com/en-gb/windows-vista/Block-or-allow-cookies

For Safari™: http://docs.info.apple.com/article.html?path=Safari/3.0/fr/9277.html

For Chrome™: https://support.google.com/chrome/answer/95647?hl=en&hlrm=en

For Firefox™: https://support.mozilla.org/en-US/kb/enable-and-disable-cookies-website-preferences

For Opera™: http://help.opera.com/Windows/10.20/en/cookies.html

etc.

"Flash"© cookies using "Adobe Flash Player"™

"Adobe Flash Player"™ is an application that enables the rapid display of dynamic content using the "Flash" computer language. Flash and other similar applications store settings, preferences and usage date using a technology similar to cookies. However, "Adobe Flash Player" ™ handles this information through the use of an interface different from that provided by your browser.

If your data terminal is likely to view content developed with Flash technology, please access your Flash cookies management tool directly from the Adobe website at http://www.adobe.com

Expressing your choices online through multi-sector initiatives

The digital advertising professionals of the European Association EDAA (European Digital Advertising Alliance), managed in UK by the Interactive Advertising Bureau UK, offers a website at Youronlinechoices.

Here you will find a list of the companies that belong to this initiative and which offer you the opportunity to accept or reject the cookies used by these companies to customize their advertisements to your browsing data: http://www.youronlinechoices.com/uk/your-ad-choices

This is a centralized European interface that is shared by hundreds of internet advertising professionals allowing you to express your acceptance or rejection of cookies which may be used to customize the advertisements displayed on your data terminal to your browsing data. Note that this does not preclude the display of advertisements on the websites you visit. It will not block the technologies that can customize advertisements to your interests.

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UK Institutional Investors and Financial Advisers and Wealth Managers
Important legal information

Before accessing this website you must read and accept the following terms and legal notices. If you are not able to access the website according to these terms or do not understand their meaning you must not proceed any further and should decline to accept them.

This website includes information about financial products that are not registered for sale in United Kingdom. This information is therefore made available solely to persons meeting the below criteria. These persons must not pass on any information to third parties with whom it would not be lawful to do so according to local legislation and regulation.

Persons accessing this website must be either an Investment Professional or a High Net Worth Company or Financial Advisers or Wealth Managers as outlined below:

An 'Investment Professional' is defined to include:

(i) an authorised person (this will include banks, stockbrokers, securities houses, investment managers, insurance companies and financial intermediaries);

(ii) a person who is exempt from the requirement for authorisation under the Financial Services and Markets Act 2000 (“FSMA”) (this will include appointed representatives of authorised persons, The Bank of England, central banks of other EEA States, The European Central Bank and the International Monetary Fund);

(iii) a person whose ordinary activities involve him in carrying on a regulated activity as defined in the FSMA (e.g., arranging deals in or advising on investments) to which the financial promotion relates or who it is reasonable to expect will carry on such activity for the purposes of a business carried on by him;

(iv) a government, local authority or international organisation; and

(v) a person acting in his capacity as a director, officer or employee of a person of a type described in paragraphs

(i) to (iv) above (i.e. he must not be acting on his own personal account) whose responsibilities, when acting in his capacity as a director, officer or employee of such person, involve him in engaging in regulated activities as defined in the FSMA.

High Net Worth Companies, include:

(i) a body corporate which has a called-up share capital or net assets of at least £500,000 (if it has more than 20 members or is a subsidiary of a parent undertaking with more than 20 members) or, in any other case, at least £5 million;

(ii) an unincorporated association or partnership which has net assets of at least £5 million;

(iii) the trustee of a trust with assets (before deducting any liabilities) of at least £10 million or which were at least £10 million within the previous year; or

(iv) a person acting in his capacity as a director, officer or employee of a person of a type described in paragraphs (i) to (iii) above (i.e. he must not be acting on his own personal account) whose responsibilities, when acting in his capacity as a director, officer or employee of such person, involve him in engaging in regulated activities as defined in the FSMA.

Financial Advisers and Wealth Managers, include:

Persons that are authorised by the relevant authorities in the UK to act as a professional investor or financial adviser

Persons who do not meet these criteria cannot proceed any further and must leave the website.