Compliance

Beringer Finance US, Inc. distributes the equity research produced by Beringer Finance AS to U.S. institutional investors pursuant to SEC Rule 15a-6 and FINRA Rule 2711.
Beringer Finance AS is a registered member of Oslo Bors. Client transactions in securities traded on Oslo Bors are cleared and settled pursuant to SEC Rule 15a-6 by our parent company, Beringer Finance AS.

Access to this website is restricted primarily to Qualified Institutional Buyers (QIBs), or institutions with assets under management in excess of $100 million. In order to access the online research portal and comments on this website you will need a username and password. If you are a QIB and wish to access this website, please contact your account representative or send an e-mail to the following address: mail@beringerfinance-us.com.
If you are not a QIB, or do not agree to the terms and conditions below, do not access, view or use this Website or any pages thereof.
This Website has been designed for informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security that may be referenced on the site. Beringer Finance US, Inc. does not intend to provide investment advice through this Website and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. News, views, opinions, recommendations and other information obtained from sources outside of Beringer Finance US, Inc. are believed to be reliable, but we cannot guarantee its accuracy or completeness. All such information is subject to change at any time without notice.

Disclaimer

Beringer Finance AS’s securities research and general presentations are provided by Beringer Finance US, Inc for U.S. Qualified Institutional Buyers (QIBs) for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any financial instruments. Any opinions expressed are subject to change without prior notice.  Beringer Finance AS securities research and presentations are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that the information herein is not misleading Beringer Finance AS makes no representation or warranty expressed or implied as to its accuracy or completeness.

Neither Beringer Finance AS, its partners and employees, nor any other person connected with its research and presentations, accept any liability whatsoever for any direct or consequential loss of any kind arising out of the use or reliance on the information given. They do not take into account the specific investment objectives and financial situation of any recipient. Investors seeking to buy or sell any financial instruments discussed or recommended in the research or in separate presentations, should seek independent financial advice relating thereto.  Beringer Finance AS research and materials from separate presentations may not be distributed, quoted from or reproduced for any purpose without written approval by Beringer Finance AS.

Disclosure of interests

Beringer Finance AS is constantly seeking investment-banking mandates, and may at any time perform investment banking or other services or solicit investment banking or other mandates from companies covered in its analysis and presentations. Beringer Finance AS may from time to time as part of its investment service hold positions in securities covered in its research and presentations. In order to avoid any conflict of interests Beringer Finance AS and its employees will always follow very strictly all internal regulations, recommendations from the Norwegian Securities Dealers Association and relevant legislation and regulations from the supervisory official authorities. Internal holdings will be specified as part of shareholder information.

Distribution in the United States

Research reports are prepared by Beringer Finance AS for information purposes only. Beringer Finance AS and its employees are not subject to the Rules of the Financial Industry Regulatory Authority (FINRA) governing research analyst conflicts. The research reports are intended for distribution in the United States solely to “major U.S. institutional investors” as defined in Rule 15a-6 under the United States Securities Exchange Act of 1934, as amended and may not be furnished to any other person in the United States. Each major U.S. institutional investor that receives a copy of a Beringer Finance AS research report by its acceptance thereof represents and agrees that it shall not distribute or provide copies to any other person. Reports are prepared by Fondsfinans AS and distributed to major U.S. institutional investors under Rule 15a-6(a)(2). These research reports are prepared by Beringer Finance AS and distributed in the United States by Beringer Finance US. Inc. under Rule 15a-6(a)(2). Any U.S. Person receiving these reports that desires to effect transactions in any securities discussed within the report should call or write Beringer Finance US, Inc., a member of FINRA.

E-mail disclaimer

This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. Unless otherwise specifically stated in this email, transaction related information in this email, including attachments, is indicative and not intended as an offer, solicitation or the basis or confirmation for any contract for the purchase/sale of any securities or other instruments. Authorized compliance supervisors of Beringer Finance US, Inc. may review all e-mail. This email will be archived for at least three years and may be produced to regulatory agencies or others with a legal right to access such information.

Beringer Finance US, INC. Business Continuity Plan

Date: December 2009

We have prepared, and always maintain a current Business Continuity Plan (“BCP”) in compliance with Finra Rule 4370. This document outlines our plans to continue business and meet our existing obligations to customers in the event of a Significant Business Disruption (“SBD”). Our BCP is summarized below:

Our firm’s policy is to respond to a SBD by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business.  We will make every reasonable effort to meet our obligations to customers at all times.

Our plan anticipates two kinds of SBDs, internal and external.  Internal SBDs affect only our firm’s ability to communicate and do business, such as a fire in our building.  External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a city flood, or a wide-scale, regional disruption. Our response to an external SBD relies more heavily on other organizations and systems, especially on the capabilities of our clearing firm. In the event that we determine we are unable to continue the normal conduct of our business, due to any of the scenarios described above, or any other circumstances, we will enact our BCP in order to assure customers prompt access to their funds and securities. Our BCP outlines the back-up facilities and arrangements that will be utilized in these circumstances. We will make every reasonable effort to continue the conduct of business during any SBD, employing the use of our BCP. We plan to continue the conduct of business during any SBD unless circumstances prohibit us from doing so.If, for any reason, at any time, we are forced by circumstances outside our direct control to discontinue business, we will immediately determine our planned recovery time and communicate those plans to all concerned parties. Our BCP is subject to modification, update, and improvement at any time so that we may constantly assure ourselves, our customers, and any other concerned party of our readiness to confront a SBD. If SIPC determines that we are unable to meet our obligations to customers, or if our liabilities exceed our assets in violation of Securities Exchange Act Rule 15c3-1, SIPC may seek to appoint a trustee to disburse customer assets. The following telephone numbers should be used only in the event of a Significant Business Disruption:

James Ahlfeld
CFO / FINOP
+1 212-751-8522
james.ahlfeld@us.beringerfinance.com

Michael Callahan
Chief Compliance Officer
+1 212-751-8522
michael.callahan@us.beringerfinance.com

 

We may contract with outside service providers (unaffiliated third parties) in order to better service you, and in the process will need to supply them with information we receive from you. Our service providers are under contractual obligations to protect your information in a manner that is consistent with the privacy policy we have established.

Beringer Finance US, Inc. is a registered Broker-Dealer with the U.S. Securities and Exchange Commission (SEC) and a member of FINRA and SIPC.

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