Everything you need to know
about investor protection

Since 1 November 2007, Liechtenstein, as a European Economic Area member state, has been subject to the provisions of the Markets in Financial Instruments Directive, or MiFID for short. Among the aims of MiFID is to standardise investor protection throughout Europe. To this end banks and financial service are required to fulfil higher standards of diligence and care and provide investors with detailed information about the services and products they offer.

We are glad to meet this duty to provide information. The following statements relate to all investment services and transactions mentioned on this website and should be consulted before taking any investment decisions:

Not an offer

The information on this website is provided purely for marketing purposes. It should be viewed neither as an offer nor as an invitation to make an offer. If you are interested in entering into a contract please arrange an advisory meeting at which we will be glad to furnish you with further information.

Tax treatment

All details of the tax treatment of capital investments relate to the currently-prevailing legal framework and are formulated in abstract terms. The actual tax treatment of a given client depends on his or her personal circumstances and the prevailing legal framework and may be subject to future change. Raiffeisen Privatbank Liechtenstein cannot offer any guarantee of the maintenance of the current legal framework.

Performance

Where individual web pages give details of the past performance of financial products this does not allow any conclusions to be drawn concerning future performance. Forecasts of future performance represent non-binding simulations only, from which no reliable inferences as to actual future performance can be drawn, because the future development of capital markets cannot be predicted in advance. All performance details relate to gross performance, and this may be affected by costs such as commission, fees and other remuneration.

Exchange Rate Fluctuations

In the case of figures quoted in a foreign currency the result may be influenced in either direction by exchange rate fluctuations.

Potential Inconsistency

The information published on the Internet is consistent with any other Raiffeisen Privatbank Liechtenstein information which we disclose to our clients during the same period on the same investment services, financial instruments and indices.

Correct as of November 2007

For further details on MiFID please consult the downloads in the right-hand columns.