PRIIPS Regulation: The Notes referred to on the following webpages are not intended to be, and should not be, offered, sold or otherwise made available to any retail investor in the United Kingdom or the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently, no key information document required by Regulation (EU) No. 1286/2014 on key information documents for packaged and retail and insurance-based investment products (as amended, the “PRIIPs Regulation”, and together with MiFID II, the “Regulations”) for offering or selling Notes or otherwise making them available to retail investors in the United Kingdom or the EEA has been prepared and therefore offering or selling Notes or otherwise making them available to any retail investor in the United Kingdom or the EEA may be unlawful under the PRIIPs Regulation.
MiFID II product governance: Solely for the purposes of each manufacturer’s product approval process and unless otherwise specified in relation to any series of Notes, the target market for the Notes is eligible counterparties and professional clients only, each as defined in MiFID II and all channels for distribution of Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending Notes (a “distributor”) should take into consideration the target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of such Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.
By accessing this website, you represent, warrant, agree with, and undertake to, Nationwide Building Society that:
1. you are not a retail investor or acting on behalf of a retail investor; and
2. whether or not you are subject to the Regulations, you will not take any action in respect of any Notes which would result in a violation of the Regulations by any person.