Terms and Conditions

We reserve the right, in our sole discretion, to amend these Terms and the Privacy Policy at any time, in any way and from time to time.  We will publish the amended Terms on this Website.  These amendments shall come into effect immediately.

It is your responsibility to review these Terms regularly and to ensure that you agree with any amendments to these Terms.  If you do not agree with any amendments to these Terms, please do not continue to use this website.

We have made this website available to you for your non-commercial use. We may modify, withdraw or deny access to this website at any time.

This website and all the materials contained in it are protected by intellectual property rights, including copyright, and either belong to us or are licensed to us to use. Materials include, but are not limited to, the design, layout, look, appearance, graphics and documents on the website, as well as other content such as articles, stories and other text. You may not copy, redistribute, republish or otherwise make the materials on this website available to anyone else without our consent in writing.

You may print or download materials from this website for your personal, non-commercial use provided that:

• no materials are modified in any way;
  
• no graphics are used separately from accompanying text;
  
• our copyright and trade mark notices appear in all copies and you acknowledge this website as the source of the material; and
  
• if you have our permission to provide these materials to another person, you ensure they are made aware of these restrictions

This website is intended to provide general information regarding us, our products and services, and other financial information which may be of interest to you. It is not intended to provide exhaustive treatment of any subject dealt with.

The information on this website including all research, opinions or other content is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services. Before making any decision or taking any action which might affect your personal finances or business you should take appropriate advice from a suitably qualified person.

The website may include technical, typographical or other inaccuracies and you are urged to contact us to confirm all information contained on this website before placing any reliance on it. Changes are periodically made to the information on this website and these changes will be incorporated in new editions of this website. We reserve the right to alter or amend any criteria or information set out in this website without notice.

If the website contains statements or information which relate to projections, plans or objectives or future economic performance you should be aware that these projections are only predictions and that actual events or results may differ materially. Past performance of any investment or security is not necessarily an indication of future performance. Value of investments may go up as well as down.

Nothing on this website is intended to be nor should be construed as an offer to enter into a contractual relationship with you or anyone else, except for these terms and conditions which govern the relationship between us in relation to your use of the website.

No information or content contained on this website should be taken as an offer or a recommendation by us. All services offered by us are subject to completion (in the manner required) of the requisite application forms and other documentation and are governed by our relevant terms and conditions. We reserve the right to reject at our absolute discretion any application submitted for services contained on this website.

If you make a contract with a third party who is named or referred to on this website, it is your responsibility to ensure that you are comfortable with the terms of that contract and to take financial or legal advice if necessary.

The website content is not suitable for any particular purpose whatsoever, other than as a general reference, and we may not have necessarily disclosed all risks relating to the website content or its subject matter.

The fact that we have made the website content available to you is neither a recommendation that you enter into a particular transaction or a representation that any service described on this website is suitable or appropriate for you.  

Your attention is drawn to the fact that information transmitted via the Internet is susceptible to monitoring and interception.

You will bear all risk of transmitting information in this manner. We will not be liable for any loss, harm or damage suffered by you as a result of transmitting information to us. We reserve the right to request independent verification of any information transmitted via e-mail.

Please be aware that any unsolicited confidential or proprietary information sent to us via the Internet cannot be guaranteed to remain confidential. If you need to send such information to us and are concerned about the security of this information please contact us and we will advise you of the most appropriate method of transmission.

We reserve the right to withdraw or modify this website at any time. We may add new features and modify or even discontinue existing features without notice to you and in our sole discretion.  We reserve the right to alter or amend any criteria or information set out in this website without notice.

Your use of and reliance on this website is entirely at your own risk. The website is provided “As Is” and “As Available”.

The information contained on this website is given for general information and interest purposes only. Whilst we try and ensure the information contained on the website is accurate and up to date, we cannot be responsible for any inaccuracies in the information. As a result, you should not rely on this information, and we recommend that you take further advice or seek further guidance before taking any action based on the information contained on this website. Our liability to you as explained below remains unaffected by this.

We shall not be liable in respect of any loss, damage or damages however arising and whatever the cause, in particular pursuant to and in furtherance of these Terms, your access to the website or from your inability to access the website.

We do not accept any liability for any acts or omissions resulting from your decision or opinion formed on the basis of you use of the website. Use of this website is at your sole risk. We shall not be liable for any loss or damage whatsoever and howsoever arising as a result of your use of or reliance on the information contained on the website to the maximum extent permitted by law.
We do not guarantee that this website will be compatible with all or any hardware and software which you may use. We do not guarantee that this website will be available all the time or at any specific time, that access will be uninterrupted, that there will be no delays, failure, errors or omissions or loss of transmitted information.

We shall not be liable to you for any physical loss or damage to your computer as a result of your use of this website, including any damage arising as a result of a virus. You have sole responsibility for adequate protection and back up of data and/or equipment.

These terms and conditions do not exclude our liability (if any) to you for:

• personal injury or death resulting from our negligence;
  
• fraud;
  
• any matter which it would be illegal for us to exclude or to attempt to exclude our liability.

Our liability to you shall not in any circumstances include any business losses that you may incur, including but not limited to lost data, lost profits or business interruption.

We do not make representation that information and materials on this website are appropriate for use in all jurisdictions available on the web, or that transactions, securities, products, instruments or services offered on this website are available or indeed appropriate for sale or use in all jurisdictions, or by all investors or other potential clients. Those who access this website do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. By accessing each site, the entrant has agreed that he/she has reviewed the website in its entirety including any legal or regulatory terms.

The website may contain links to other websites, which are not under our control. The links to other sites are for your convenience and we do not accept any responsibility or liability for enabling you to link to any other website, for the contents of any other website, for the security of any other website, or for any consequence of your acting upon the contents of such website. No endorsement or approval of any third parties or their advice, opinions, information, products or services is expressed or implied by any information on the website.

Investec plc, Invested Bank plc and any company or individual connected to these entities including these entities’ directors and employees may have a position or interest in any investment or service recommended in this or other Investec website.

The contents of this website are not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Investec website is prohibited. Persons in respect of whom such prohibitions apply must not access the Investec website.

If any part of these terms and conditions is found by any court or other competent authority to be invalid, unlawful or unenforceable then such part shall be severed from the rest of the terms and conditions which shall continue to be valid and enforceable to the fullest extent permitted by law.

Ireland

If you are viewing this website in Ireland it is provided by Investec Ireland Limited (Company Number: 232526). The Terms and the use of this website are governed by the laws of Ireland and any disputes will be decided only by the courts of Ireland.

Mauritius

If you are viewing this website in Mauritius it is provided by Investec Bank (Mauritius) Limited (Company Number: 8752/3362). The Terms and the use of this website are governed by with laws of Mauritius and any disputes will be decided only by the courts of Mauritius.

South Africa

If you are viewing this website in South Africa it is provided by Investec Bank Limited (Company Number: 1969/004763/06). The Terms and the use of this website are governed by the laws of South Africa and any disputes will be decided only by the courts of South Africa.

United Kingdom

If you are viewing this website in the United Kingdom it is provided by Investec Bank plc (Company Number: 00489604). The Terms and the use of this website are governed by the laws of England and Wales and any disputes will be decided only by the courts of England and Wales.

United States of America

If you are viewing this website in the United States it is provided by Investec Securities (US) LLC (Company Number: 3257734) and Investec North America Limited (Company Number: 631655). The Terms and the use of this website are governed by [ ].

For information on how your personal information will be used by us in your specific jurisdiction, please refer to the following link: Data Protection.

Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Investec Wealth & Investment Limited (Reg. no. 2122340) is authorised and regulated by the Financial Conduct Authority.  The registered office of Investec Bank plc is 30 Gresham Street, London EC2V 7QP, the registered office for Investec Wealth and Investment Limited is 30 Gresham Street, London, EC2V 7QN.

Investec Asset Finance plc (Reg. no 2179313) is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities (including hiring). Registered office at Reading International Business Park, Reading, RG2 6AA.

Best Execution Policy Disclosure Statement

The Obligation

Investec Bank plc will take all reasonable steps to achieve Best Execution of your orders relating to financial instruments in the following circumstances;

1. where we act as agent on your behalf in executing a transaction; and
   
2. where we act as principal but have a client relationship with you in relation to executing a transaction on your behalf.

Where we provide you with a quote for the purchase or sale of a financial instrument in response to a request from you we will not be executing an order for you, and therefore the best execution obligations will not apply.

Please note that specific instructions from you take precedence and will influence how we fill your orders; this may prevent us from taking the steps set out in this statement to obtain the best possible result for the execution of your orders.

Relevant arrangements

We have arrangements in place to enable us to achieve the best possible result taking into account a number of factors which include, amongst others, price, cost of transaction, speed of execution and the size and nature of the order. Price will ordinarily be a priority in this assessment but in some circumstances other factors may be given a higher priority in order to ensure the best possible execution result is achieved.

We use the London Stock Exchange as our primary execution venue for UK listed stocks but have access to a number of other liquidity pools and venues which we can use for transactions in illiquid stock or for trades of an unusual size or nature; these liquidity pools include multilateral trading facilities, systematic internalisers and third party investment firms.

We will undertake periodic monitoring to ensure the on-going effectiveness of our arrangements in addition to a full annual review of our systems, the liquidity pools / venues we have access to and the prioritisation of the factors mentioned above. Material changes to the market or to our business model during the period will also trigger a review.

Retail Clients

Where we are executing an order on behalf of you, and you are classified as a Retail Client, then the best possible result will be determined in terms of the total consideration (i.e. the price of the financial instrument/costs related to execution) related to the execution.
Where we do not receive any specific instructions from you, we will consider all factors in delivering the best possible result. However other factors (e.g. speed, likelihood of execution and settlement) will only be given precedence over the immediate price and cost consideration only insofar as they are instrumental in delivering the best possible result in terms of total consideration for you as the client.

Your consent

We are required to obtain prior consent to our Best Execution policy. Receipt of an order from you will be deemed to be your provision of that consent.

Review

We will notify you of any material changes to our execution arrangements or our Order Execution Policy by posting an updated version of this document on www.investec.com.