In
accordance with licensing mandated by the Australian
Securities and Investments Commission since March 2004 all Polar
Pacific client services involving "advice" are available only to the
following groups of "wholesale" clients (as defined
in the Australian Corporations Act 2001 and amendments):
-
[s.761G(7)(b)]
-- "financial institutions" or other
businesses with at least
20 employees
-
[s.761G(7)(d)]
-- "professional investors", comprised of:
-
financial
services licensees
-
funds
or individuals controlling at least AUD 10 million
-
businesses
which have raised funds via public offer for investment in
financial products
-
[s.761G(7)(c)]
-- "private individuals" who can certify either
of the following
-
[s.761GA]
-- "sophisticated investors", defined as
any person (the client) who can provide assurance that they have
previous experience in using financial services and investing in
financial products that allows the client themself to assess each
of the following:
-
the
merits of the financial products or services
-
the
value of the financial products or services
-
the
risks associated with holding the financial products
-
the
client's own information needs
-
the
adequacy of information provided by the licensee and the
product issuer
As the
notional underlying value of the derivatives to which the PolarView
reports relate could exceed the AUD 500,000 minimum stipulated in Reg. 7.1.22(2) these
publications represent "wholesale" financial products
advice as per s.761G(7)(a), and are not appropriate for
"retail" persons.
Please note that all capital and positions are managed by clients
directly in their own trading accounts. The Australian company, Polar Pacific Pty Ltd,
does not accept any funds for management.
General
Advice
The PolarView
reports are provided
on an advisory basis only. The advice in these publications is of a general nature only and does not take into account any
client's individual objectives, needs, financial situation, or risk
tolerances. Clients should consider the appropriateness of the
advice for their own circumstances.
Disclaimer:
Past
performance in forecasting market movements is not indicative of future
performance. Trading futures involves substantial risks. No
warranty is given as to the profitability of the PolarView reports
or any other Polar Pacific
publications or products. Any person using any of
these services in whole or in part must accept the condition that
neither the service provider and publisher, Polar Pacific Pty Ltd, nor its
principal and author,
David Bensimon, shall be held liable for any losses incurred from
following the opinions, forecasts, or strategies described in any of
these Polar Pacific publications or products, or related
communications and services.
Website
Visitors:
Access to
the website is subject to
the strict condition on all visitors that any material relating to financial markets not be construed as investment or trading advice.
From 2004 all services from Polar Pacific Pty Ltd relating to
financial products are limited by Australian legislation to the provision
of general advice to wholesale clients only.
Please read the full Terms
and Conditions.