Regulators

The term "KEPLER CHEUVREUX" shall, unless the context otherwise requires, mean each of Kepler Cheuvreux and its affiliates, subsidiaries and related companies (see table below).

Location Regulator Abbreviation
KEPLER CHEUVREUX S.A - France Autorité des Marchés Financiers AMF
KEPLER CHEUVREUX, Sucursal en España Comisión Nacional del Mercado de Valores CNMV
KEPLER CHEUVREUX, Frankfurt branch  Bundesanstalt für Finanzdienstleistungsaufsicht BaFin
KEPLER CHEUVREUX, Milan branch Commissione Nazionale per le Società e la Borsa CONSOB
KEPLER CHEUVREUX, Amsterdam branch Autoriteit Financiële Markten AFM
Kepler Capital Markets SA, Zurich branch Swiss Financial Market Supervisory Authority FINMA
Kepler Capital Markets, Inc. Financial Industry Regulatory Authority FINRA
KEPLER CHEUVREUX, London branch Financial Conduct Authority FCA
KEPLER CHEUVREUX, Vienna branch Austrian Financial Services Authority FMA
KEPLER CHEUVREUX, Stockholm branch Finansinspektionen FI
KEPLER CHEUVREUX, Oslo branch Finanstilsynet NFSA

KEPLER CHEUVREUX is authorised and regulated by both Autorité de Contrôle Prudentiel and Autorité des Marchés Financiers.

For further information relating to research recommendations and conflict of interest management please refer to www.keplercheuvreux.com.