The securities referred to in this website are financial instruments with many complex features, and will not be a suitable or appropriate investment for all investors. The offer, sale or distribution of the securities referred to in this website to certain investors, including retail investors, may be restricted or prohibited by law in certain jurisdictions.
In particular, in June 2015, the UK Financial Conduct Authority (the "FCA") published the Product Intervention (Contingent Convertible Instruments and Mutual Society Shares) Instrument 2015, which took effect from 1 October 2015 (the "Product Intervention Instrument"). Under the rules contained in the Product Intervention Instrument and Chapter 22.2 of the Conduct of Business Sourcebook ("COBS 22.2") in the FCA’s Handbook (as such rules may be amended or replaced from time to time, the "Product Intervention Rules"), there are restrictions on the sale of ‘mutual society shares’ (which would include the securities referred to in this website) to ‘retail clients’ in the European Economic Area (the "EEA"). For these purposes, a "retail client" is a person who is, or who if he were receiving services in the course of a firm carrying on a regulated activity would be, a client who is neither a ‘professional client’ nor an ‘eligible counterparty’ under the Markets in Financial Instruments Directive (2004/39/EC) ("MiFID"). The securities referred to on this website are not intended to be sold, and should not be sold, to any retail clients, other than in circumstances that do not and will not give rise to a contravention of the Product Intervention Rules by any person.
By accessing this website, you represent, warrant, agree with, and undertake to, Nationwide Building Society that:
- you are not a retail client or acting on behalf of a retail client; and
- whether or not you are subject to the Product Intervention Rules, you will not sell or offer the securities referred to in this website (or any beneficial interest therein) to retail clients in the EEA, or communicate (including the distribution of any material contained on this site) or approve an invitation or inducement to participate in, acquire or underwrite the securities referred to on this website (or any beneficial interests therein) where that invitation or inducement is addressed to or disseminated in such a way that it is likely to be received by a retail client in the EEA,
in any case other than in circumstances that do not and will not give rise to a contravention of the Product Intervention Rules by any person and provided that you at all times act in relation to such sale or offer in compliance with MiFID (or, if MiFID does not apply to you, in a manner which would be in compliance with MiFID if it were to apply to you).