Investment services

  1. Reception and transmission of orders in relation to one or more financial instruments
  2. Execution of orders on behalf of clients
  3. Dealing on own account

Ancillary services:

  1. Safekeeping and administration of financial instruments, including custodianship and related services
  2. Granting credit or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  3. Foreign exchange services where these are connected to the provision of investment services

Financial instruments:

  1. Transferable securities including shares, bonds, and other debt instruments, including government and public issues, warrants and certificates representing securities.
  2. Money-market instruments.
  3. Units in collective investment undertakings (including units in unregulated investment undertakings).
  4. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies , interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash.
  5. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination).
  6. Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market or/and an MTF.
  7. Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in the previous paragraph and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to houses or are subject to regular margin calls.
  8. Derivative instruments for the transfer of credit risk.
  9. Financial contracts for differences. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).