Investment Recommendations

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The Investment Recommendations information for Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH can be found here.

The European Market Abuse Regulation (MAR) applies from 3 July 2016 and principally aims to increase market integrity, increase investor projection and update and strengthen the existing legal framework set out in the Market Abuse Directive (Directive 2003/6/EC).

Following the departure of the United Kingdom from the European Union, MAR was retained (subject to certain amendments) in UK domestic law pursuant to the European Union (Withdrawal) Act 2018 (as amended from time to time, UK MAR).

The main aim of MAR is to ensure that regulation keeps pace with market developments. It strengthens the fight against market abuse across commodity and related derivative markets.

MAR requires persons producing or disseminating investment recommendations to ensure information is objectively presented, and to disclose any conflicts of interest. MAR does not change significantly the approach set out in the current Market Abuse Directive (2003) on investment recommendations, establishing that persons who produce or disseminate investment recommendations or other information recommending or suggesting investment strategies should take reasonable care to ensure objective presentation and to disclose their interests or indicate conflicts of interest concerning the financial instruments to which that information relates.

Any investment recommendation made by Lloyds Bank is only valid when read or received in conjunction with the disclosures found on the 'Disclosures tab'.

You should not construe the content of any material or disclosures provided on this website as legal, financial, tax, accounting or other advice, and you should consider consulting your professional advisors for such advice. Nothing on this page shall constitute a bid or offer, or a solicitation of a bid or offer, to initiate or conclude any transaction.

References in the material or disclosures provided on this website to Regulations, Directives and other EU legislation should be read, in relation to the United Kingdom, as references to such Regulations, Directives or other EU legislation as they form part of United Kingdom domestic law by virtue of the EUWA or have otherwise been implemented in United Kingdom domestic law, as appropriate. The substance of the regulatory obligations described are in most instances unchanged and we will contact you directly if there is any impact on you as a result of retention of EU legislation into UK domestic law.

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