Financial Times Business

Terms & Conditions

Please read this carefully because it sets out the terms of a legally binding agreement between you and the Financial Times Limited (“FT”).

These are the terms and conditions on which you may use:

(i) the FT Adviser website at www.ftadviser.com (“FT Adviser”);

(ii) the website at www.fdiIntelligence.com (“FdiIntelligence”);

(iii) the website at www.thebanker.com (“The Banker”);

(iv) the website at www.investorschronicle.co.uk (“Investors Chronicle”);

(v)  the website at www.thisisafricaonline.com (“This is Africa”);

(vi)  the website at (“http://www.analyseafrica.com ”) (“Analyse Africa”);

(vii) the website at www.pwmnet.com (“Professional Wealth Management”);

(viii) the website at www.thebankerdatabase.com (“The Banker Database”);

(ix) the website at www.globalriskregulator.com (“Global Risk Regulator”);

(x) Money Management, Financial Adviser and Investment Adviser magazines (the “Magazines”);

(xi) the mobile and other online services for the above publications; and

(xii)  the content/services available on or in the above (which we call “FT Content”).

These terms apply to your use of FT Adviser, FdiIntelligence, The Banker, Investors Chronicle, This is Africa, Professional Wealth Management, The Banker Database and Global Risk Regulator and Analyse Africa (together referred to as the “FT Websites”) and all FT Content irrespective of the delivery platform or device you use to access it. By accessing FT Content you are agreeing to these terms and conditions. If you use an FT Website in the course of your business or work, you are also agreeing to these terms and conditions on behalf of that business. We only make these terms and conditions available in the English language.

If you do not agree with the terms and conditions (or are not authorised to do so on behalf of your business or work) you should not use the FT Websites or any FT Content and should cancel any subscription in accordance with your cancellation rights (see Section 7 below). If you have any questions please contact:

For FT Adviser : ft@wdis.co.uk ; or

For fDiIntelligence : fdicustomerservice@ft.com ; or

For The Banker : thebanker@ft.com .

For Investors Chronicle : ic.cs@ft.com; or

For This Is Africa : thisisafrica@ft.com; or

For Analyse Africa : analyseafrica@ft.com

For Professional Wealth Management : pwm@ft.com; or

For The Banker Database : thebankerdatabase@ft.com; or

For Global Risk Regulator : grr@ft.com.

We recommend that you print and save a copy of these terms and conditions for your records.

We strongly recommend that you read these terms and conditions in their entirety. However for your convenience we have provided a summarised version of them as part of our Frequently Asked Questions.

Except where we state otherwise in Section 7, references in these terms and conditions to “FT” (or “we”, “us” or “our”) refer to the company operating the FT Websites. See Section 10 below for details.

1. Introduction

These terms and conditions were last updated on 16 August 2010 and replace all previous terms and conditions for the FT Websites. FT may update these terms and conditions for legal or regulatory reasons, or to reflect changes in our services or business practices. We will provide notice of such changes in Section 11 below and if you are a subscriber or registered user we will also email you to notify you of any material change that affects you. You should regularly check Section 11 to see if any changes have been made. If you are an FT Website subscriber, any changes will become effective from the date of your next payment following the change unless we notify you otherwise. If you are not an FT Website subscriber, any changes will become effective as soon as we notify you of them.

We may in exceptional circumstances cease to publish FT Adviser, FdiIntelligence, The Banker, Investors Chronicle, This is Africa, Analyse Africa, Professional Wealth Management, The Banker Database, Global Risk Regulator or the FT Content or cease to provide subscription services. If we do so, then we will have no further obligation to you, unless you are a subscriber in which case we will offer you a refund of the unexpired period of your subscription. See Section 7 for details.

2. Access and Use

Our ability to invest in high quality journalism depends on our users complying with this Section 2. We recommend that you also read our Copyright Policy that summarises how you are allowed to use FT Content. It also invites organisations that may be using FT Content without the appropriate permissions to approach us with a view to discussing the purchase of a licence to legitimise that use. Contact FT Adviser’s Head of Sales on +44 (0) 207 775 6614 or fDiIntelligence on +44 (0) 207 873 3964 or The Banker on +44 (0) 207 775 6340, Investors Chronicle on +44 (0) 844 848 0106; or This is Africa on +44 (0) 207 775 6340; or Analyse Africa on +44 (0)20 7775 6900; or Professional Wealth Management on +44 (0) 207 775 6340; or The Banker Database on +44 (0) 207 775 6370 / 6368; or Global Risk Regulator for +44(0)20 7873 4240 for details.

The amount of FT Content that you can view on FT Adviser, fDiIntelligence, Professional Wealth Management, The Banker, Investors Chronicle, This is Africa, Analyse Africa or The Banker Database depends on what type of user you are, see here for FT Adviser, here for fDi Intelligence, here for The Banker, here for Investors Chronicle, here for This is Africa , here for Analyse Africa, here for The Banker Database, here for Professional Wealth Management, and here for Global Risk Regulator.

In summary, if you are an unregistered or registered user, you can view a limited number of articles per month as follows:

FT Adviser : if you are an unregistered user, you can view up to 15 articles every 28 days, if you are a registered user, you can view up to 25 articles every 28 days. If you have subscription you can view all of our articles.

FdiIntelligence : if you are an unregistered user you cannot view any articles, if you are a registered user, you can view up to 5 articles every 28 days. If you have subscription you can view all of our articles.

The Banker: if you are an unregistered user you cannot view any articles, if you are a registered user, you can view up to 3 articles every 28 days. If you have subscription you can view all of our articles.

The Banker Database : this is a subscription-only database so you may only view the FT Content on this website once you have subscribed, although a free 14-day trial is available.

Professional Wealth Management : if you are an unregistered user you can view at least one article, if you are a registered user, you can view all standard articles. If you have subscription you can view all of our articles.

This Is Africa : if you are an unregistered user you can view at least one article, if you are a registered user, you can view all standard articles. If you have subscription you can view all of our articles.

Analyse Africa : this is a subscription-only database so you may only view the FT Content on this website once you have subscribed, although a free trial is available.

Global Risk Regulator : this is a subscription-only product so you may only view the FT Content on this website once you have subscribed, although a free sample issue is available.

From time to time we may invite specific groups of users to access certain sections of the FT Websites which may be the same as or different to the access given under the subscription.

Permitted Use :  All FT Content belongs to FT or its licensors who own all intellectual property rights (including copyright and database rights) in the FT Content and any selection or arrangement of the FT Content. “FT” and “Financial Times” are registered trade marks and you may not use them without written permission from FT. You can do the following:

On condition that you do not create a Substitute (as defined below), you may also do the following:

We define a Substitute as a product or service that reduces the need for users or other third parties to pay for FT Content directly, or which creates revenue from the FT Content to the detriment of FT’s own ability to generate revenues from that content.

As specified in the “Restrictions on Use” section below you may not republish or redistribute full text articles. You may however republish or redistribute “Summaries” of articles from the FT Websites if you comply with the conditions set out below. “Summaries” can be either an “extract” or an “abstract”. By “extract” we mean 30 words copied verbatim from an article which are inserted into a longer original work. By “abstract” we mean a 30 word non-verbatim summary of the news or facts reported in an article which does not form part of a longer work.

These are the conditions you must comply with in order to produce summaries:

- you source the relevant FT Website as the author of any article from which you have derived a summary by way of an attribution such as “[journalist name] at FT Adviser reported that”, with a hypertext link from the word “FT Adviser” to the original story published on ftadviser.com;

- in the case of abstracts, you make clear that the abstract has been produced by you by stating “this abstract from FdiIntelligence was produced by [name]“, with a hypertext link from the word “FdiIntelligence” to the original story published on fdiintelligence.com;

- you ensure that your summaries do not in whole or in part form a Substitute for an FT Website’s own products and services (see above for how we define Substitute). The more summaries you create the greater the risk of substitution. No individual or organisation may create, republish or redistribute more than ten summaries in aggregate each day, each one sourced from a different article that is published on the same day you create the summary;

- you do not use or create summaries that promote or endorse any product or service; and

- if FT notifies you that it believes you are creating, republishing or redistributing summaries outside of these parameters, you shall immediately cease doing so and your rights to create summaries shall be regarded as having been withdrawn, unless/until FT reaches an agreement with you regarding your use of FT Content.

Please note that these rights do not extend to content published by FT that we licence from third parties which you may not republish or redistribute in whole or in part.

PLEASE NOTE THAT IN ADDITION TO OUR RIGHTS AT LAW TO RESTRICT CERTAIN TYPES OF USE REFERRED TO IN THIS SECTION 2, THE RESTRICTIONS BELOW ARE ALSO CONTRACTUAL IN NATURE AND BIND ALL USERS OF THE FT WEBSITES.

Restrictions on Use: You cannot use the FT Websites or the FT Content for any unlawful purpose or other than as set out in the “Permitted Use” section above, unless you buy the appropriate licence from us. By way of example only, this means that you cannot:

Linking: If you would like to link to an FT Website, please read and comply with the following guidelines and all applicable laws. A site or service that links to an FT Website:

3. Privacy Policy and Registration

All information received by you from your use of an FT Website will be used by FT in accordance with our Privacy Policy . Please read this for details of how we may process your personal data.

On registration, you must provide FT with accurate, complete registration information and it is your responsibility to update and maintain changes to that information on the applicable FT Website registration or subscription pages. FT is entitled to rely on any information you provide to us.

Each registration is for a single user only. On registration, you will choose a user name and password (“ID”). You are not allowed to share your ID or give access to FT Content through your ID to anyone else. FT does not allow multiple users on a network or within an organisation to use the same ID. FT may cancel or suspend your access to an FT Website if you share your ID without further obligation to you. You may not create additional registration or subscription accounts for the benefit of others or with the aim of avoiding our use of IDs to control access to and use of an FT Website.

You are responsible for all use of an FT Website made by you or anyone else using your ID and for preventing unauthorised use of your ID. If you believe there has been any breach of security such as the disclosure, theft or unauthorised use of your ID or any payment information, you must notify FT immediately by e-mailing us at ft@wdis.co.uk (in relation to FT Adviser )or fdicustomerservice@ft.com (in relation to FdiIntelligence ) or thebanker@ft.com (in relation to The Banker) or ic.cs@ft.com (in relation to Investors Chronicle) or thisisafrica@ft.com (in relation to This is Africa) analyseafrica@ft.com (in relation to Analyse Africa) or pwm@ft.com (in relation to Professional Wealth Management) or thebankerdatabase@ft.com (in relation to The Banker Database) or grr@ft.com (in relation to Global Risk Regulator). We recommend that you do not select an obvious user password (such as your name) and that you change it regularly.

If you provide FT with an email address that will result in any messages FT may send you being sent to you via a network or device operated or owned by a third party (e.g. your employer or college) then you promise that you are entitled to receive those messages. You also agree that FT may stop sending messages to you without notifying you.

If you are a registered user of or subscriber to an FT Website then you may choose to use the “Keep me logged in at this machine” feature that enables you to be logged in automatically to an FT Website whenever you visit that FT Website without having to manually log in each time. We recommend that you do not enable this feature on any computer that is or may be used by anyone other than you in order to prevent unauthorized access by third parties to both your subscription details and features of the FT Website personal to you.

4. User Generated Content

The FT Websites (not including Global Risk Regulator or The Banker Database which have no Forums) includes discussion forums and blogs that allow interaction between users and between users and journalists (we call these “Forums”). We call the information posted to these forums or blogs by users “User Generated Content” or “UGC”.

If you wish to view or participate in a Forum then you must comply with any specific rules posted on the Forum. You will retain ownership of the copyright in any of your UGC that you or we publish on an FT Website so you are free to re-use it as you wish. You agree that if you post UGC to a Forum then you are granting FT a right (but not an obligation) unlimited in time to publish, re-use, archive, modify, delete or commercially exploit that UGC in whole or in part as we see fit, whether on an FT Website or otherwise, without any requirement to pay you for this and with or without attribution to you. This means that you grant us a worldwide, non-exclusive, perpetual, irrevocable, royalty-free licence to use any UGC you publish in whole or in part in any manner and for any purpose whatsoever and without further obligation to you. You also waive any moral rights that you may have in regard to the UGC.

You are responsible for all the content of any of your UGC that you or we publish. You are financially responsible to us for any claim against us by any third party that your UGC is not in accordance with the bullet points below or that otherwise relates to your UGC.

You agree that you will:

The Forums contain UGC submitted by users over whom FT has no control so we cannot therefore guarantee the accuracy, integrity or quality of any UGC. Some users may not behave properly and may post UGC that is misleading, untrue or offensive.

It is not possible for FT to fully monitor all UGC published on the FT Websites but where we have actually received notice of any UGC that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review that UGC, decide whether to remove it from the FT Websites and act accordingly. If you believe that any UGC published on an FT Website infringes any legal rights that you may have or is not allowed under these terms and conditions, please notify us immediately with specific details by contacting us at:

FT Adviser: 020 7775 6627 or ftadviser.enquiries@ft.com .

FdiIntelligence: fdicustomerservice@ft.com

The Banker: thebanker @ft.com

Investors Chronicle: 0844 848 0106 or ic.cs@ft.com

This is Africa: thisisafrica@ft.com

Professional Wealth Management: pwm@ft.com

5. Third Party Sites and Services

The FT Websites may contain links to other Internet websites or online and mobile services provided by independent third parties, including websites of our advertisers and sponsors (what we call “Third Party Sites”), either directly or through frames. Third Party Sites may be co-branded with FT and so include FT’s trade marks.

It is your decision whether you purchase or use any third party products or services made available on or via Third Party Sites and you should read Section 6 below carefully. Our Privacy Policy does not apply to Third Party Sites.

The FT Websites contain advertising and sponsorship. Advertisers and sponsors are responsible for ensuring that material submitted for inclusion on an FT Website  complies with international and national law. FT is not responsible for any error or inaccuracy in advertising or sponsorship material.

Copyright in any software that is made available for download from an FT Website belongs to FT or its suppliers. Your use of the software is governed by the terms of any licence agreement that may accompany or be included with the software. Do not install or use any of this software unless you agree to such licence agreement. FT is not responsible for any technical or other issues that may happen if you download third party software.

6. Our Responsibilities To You

A summary of what this section means: this section is important and you should read it carefully. It makes clear to what extent, if any, FT accepts responsibility (liability) to you for your use of an FT Website or the FT Content or in respect of any third party products or services that we refer to or link to on an FT Website. Unless you are a subscriber to an FT Website, we accept no financial responsibility to you arising from your use of an FT Website or the FT Content. If you are a subscriber to an FT Website, we limit our financial responsibility to you arising from your use of an FT Website or the FT Content to the price you paid for your subscription. In no circumstances do we accept responsibility for your use of Third Party Sites or in respect of any Third Party Products. By Third Party Sites we mean websites, online or mobile services provided by third parties, including websites of advertisers and sponsors that may appear on an FT Website. By Third Party Products we mean products or services provided by third parties. Although this means that we accept very little in the way of financial responsibility for your use of an FT Website and the FT Content, we think this is fair on the basis that you can view certain content and services free-of-charge, and the cost of a subscription for additional access rights is relatively inexpensive. It is not commercially possible for us to accept more responsibility for your use of an FT Website than set out in this Section 6 taking into account that we permit you to use the FT Websites for no or a relatively inexpensive cost.

Limitations of FT Content: the FT Content (including any information we publish regarding Third Party Products) is only for your general information and entertainment purposes and is not intended to address your particular requirements. In particular, the FT Content, including UGC and any other content provided by third parties and distributed by an FT Website, does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT. It is not intended to be and should not be relied upon by users in making (or refraining from making) any specific investment, purchase, sale or other decisions. Appropriate independent advice should be obtained before making any such decision, such as from a qualified financial adviser. Any agreements, transactions or other arrangements made between you and any third party named on (or linked to from) an FT Website are at your own responsibility and entered into at your own risk. Any information that you receive via an FT Website, whether or not it is classified as “real time”, may have stopped being current by the time it reaches you. Share price information may be rounded up/down and therefore may not be entirely accurate.

What we promise: FT WILL TRY TO DEVELOP AND OPERATE THE FT WEBSITES WITH REASONABLE SKILL AND CARE AND WILL USE REASONABLE EFFORTS TO PROMPTLY REMEDY ANY FAULTS OF WHICH IT IS AWARE. THIS IS THE ONLY PROMISE WE MAKE IN RELATION TO OUR PROVISION OF THE FT WEBSITES, THE MAGAZINES AND THE FT CONTENT.

What we do not promise: BY WAY OF EXAMPLE, THIS MEANS THAT THE FT WEBSITES AND THE FT CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. THIS MEANS THAT FT DOES NOT MAKE ANY PROMISES IN RESPECT OF THE FT WEBSITES OR THE SERVICES AND FUNCTIONS AVAILABLE ON OR THROUGH THE FT WEBSITES OR OF THE QUALITY, COMPLETENESS OR ACCURACY OF THE INFORMATION PUBLISHED ON OR LINKED TO FROM THE FT WEBSITES. TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, FT DISCLAIMS ALL WARRANTIES, REPRESENTATIONS, CONDITIONS AND DUTIES (EXCEPT ANY DUTIES OF GOOD FAITH) OF ANY KIND, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES OF SATISFACTORY QUALITY, MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE. FT ALSO DOES NOT MAKE ANY PROMISES AS TO THE TIMELINESS, SECURITY, PERFORMANCE OR AVAILABILITY OF THE FT WEBSITES AND DOES NOT PROVIDE ANY WARRANTY OR REPRESENTATION THAT THE FT WEBSITES ARE FREE FROM INFECTION BY VIRUSES OR ANYTHING ELSE THAT HAS CONTAMINATING OR DESTRUCTIVE PROPERTIES.

THE ABOVE DISCLAIMERS APPLY EQUALLY TO YOUR USE OF THE FT WEBSITES AND ALL FT CONTENT. WITHOUT LIMITING THE ABOVE, FT IS NOT LIABLE FOR MATTERS BEYOND ITS REASONABLE CONTROL. FT DOES NOT CONTROL THIRD PARTY COMMUNICATIONS NETWORKS (INCLUDING YOUR INTERNET SERVICE PROVIDER), THE INTERNET, ACTS OF GOD OR THE ACTS OF THIRD PARTIES.

Our financial responsibility to you: YOU AGREE THAT IF WE ARE IN BREACH OF THESE TERMS AND CONDITIONS, WE WILL ONLY BE RESPONSIBLE TO YOU FOR ANY DAMAGES THAT YOU INCUR ARISING OUT OF YOUR USE OF THE FT WEBSITES OR THE FT CONTENT (TO THE EXTENT THAT FT’S LIABILITY IS NOT OTHERWISE EXCLUDED BY THIS SECTION 6) AS FOLLOWS:

THE LIMITATIONS OF LIABILITY IN THIS SECTION 6 APPLY FOR THE BENEFIT OF FT, ITS AFFILIATES AND ALL OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SUCCESSORS AND ASSIGNS.

Notwithstanding anything else in this Section 6, FT’s liability will not be limited in the case of death or personal injury directly caused by FT’s negligence in those countries where it is unlawful for FT to seek to exclude such liability.

7. Subscription Services

We offer subscription services through the FT Websites and recommend that you read our Frequently Asked Questions for more details and before purchasing a subscription.

Types of subscription: unless you purchase a subscription to use an FT Website then your usage rights will be limited (see here for FT Adviser, here for fDi Intelligence, and here for The Banker, here for Investors Chronicle, here for This is Africa, here for Analyse Africa, and here for The Banker Database, and here for Global Risk Regulator). You may obtain broader usage rights by purchasing a subscription. We also offer a bundled subscription for FT Adviser which allows you to purchase an FT Adviser subscription together with a subscription to buy the Money Management magazine (what we call a “Bundled Subscription”). We are not able to offer bundled subscriptions for FdiIntelligence. FT reserves the right to vary the amount of content and types of service that it makes available to different categories of user which means that we may increase or reduce the content and services that are only available to paying subscribers from time to time.

Contract formation: FT will try to process your subscription promptly but does not guarantee that your subscription will be activated by any specified time. By submitting your payment and other subscription details, you are making an offer to us to buy a subscription. Your offer will only be accepted by us and a contract formed when we have successfully verified your payment details and email address, at which point we will provide you with access to your subscription. FT reserves the right to reject any offer in its discretion, for any or no reason.

Payment details: when you subscribe you must provide us with complete and accurate payment information. By submitting credit card payment details you promise that you are entitled to purchase a subscription using those payment details. If we do not receive payment authorisation or any authorisation is subsequently cancelled, we may immediately terminate or suspend your access to your subscription and may in suspicious circumstances contact the issuing bank and/or law enforcement authorities/other appropriate third parties. If you are entitled to a refund under these terms and conditions we will credit that refund to the card you used to submit payment, unless it has expired in which case we will contact you. If you buy a subscription using a corporate credit card than we will treat your subscription as being for the benefit of both you and the relevant company.

Pricing: the subscription price will be made clear to you on our subscription pages or otherwise during the subscription process and may vary from time to time or by country. You agree to pay the fees at the rates notified to you at the time you take out your subscription. You can only take out an annual subscription. You can also take out any other fixed term or payment frequency that we may offer from time to time. FT will charge you in British Pounds Sterling, United States Dollars, or Euros, depending on the service and your country of residence. You may also have to pay any applicable local taxes. Please click here for further tax information . Eligibility for any discounts is ascertained at the time you subscribe and cannot be changed during the term of your subscription. We will always tell you in advance of any increase in the price of your subscription and offer you an opportunity to cancel it if you do not wish to pay the new price.

Pricing errors: if we incorrectly state a price to you whether online or otherwise, we are not obliged to provide you with a subscription at that price, even if we have mistakenly accepted your offer to buy a subscription at that price, and reserve the right to subsequently notify you of any pricing error. If we do this, you may cancel the subscription without any obligation to us and we will refund you any money you have paid us in full or you may pay the correct price. If you refuse to exercise either of these choices then we may cancel your subscription and will refund you any money you have paid us in full. We will always act in good faith in determining whether a genuine pricing error has occurred.

Other costs: in addition to any subscription fees you pay, you are responsible for paying any internet connection or other telecommunications charges that you may incur by accessing an FT Website or using the services available on it.

Free trials: we may from time to time and at our discretion make a free trial available to users, in which case we will only charge you for your subscription with effect from the expiry of the free trial period. No more than one free trial per subscriber is allowed in any twelve month period.

Renewals: We will send you an email letting you know when your annual subscription is close to ending (unless you have already told us that you wish to cancel your subscription). You will then need to arrange payment or the subscription will end on the appropriate date. Direct Debit subscriptions will be renewed as agreed, without notice, unless there is a price change.

Cancellations by you and refunds: unless you cancel your subscription before we have started providing any part of it to you (in which case we will provide you with a full refund), then you agree that once we have started providing any part of your subscription to you, you do not have any right to cancel your subscription or any part of it until the end of your then current subscription period. This means that you are not entitled to a refund once we have started providing any part of your subscription to you, except in the very limited circumstances which are referred to in these terms and conditions. Although you may notify us of your intention to cancel at any time, such notice will only take effect at the end of your then current subscription period. You may notify us of your wish to cancel your subscription by contacting our Customer Services team at:

FT Adviser : ft@wdis.co.uk or 0845 456 1516.

FdiIntelligence : +44(0)1858 438 417 or fdicustomerservice@ft.com

The Banker: +44(0)1858 438 417 or thebanker @ft.com

Investors Chronicle:  0844 848 0106 or ic.cs@ft.com

This is Africa: +44(0)1858 438 417 or thisisafrica@ft.com

Analyse Africa: +44 (0)20 7775 6900 or analyseafrica@ft.com

The Banker Database : +44 (0) 207 775 6370 or thebankerdatabase@ft.com

Professional Wealth Management: +44(0)1858 438 417 or pwm@ft.com

Global Risk Regulator: +44(0)20 7873 4240 or grr@ft.com

Moving house: if you have a Bundled Subscription for FT Adviser and are moving house, then we will transfer your delivery of Money Management magazine to your new address. However, if we are unable to provide you with a home delivery service to your new address, we will provide you with a pro rata refund for the magazine element of your subscription, which means that we will refund part of your subscription fee for the unexpired period of the subscription.

Cancellations by us: FT reserves the right to suspend or terminate your subscription if you breach these terms and conditions, with or without notice and without further obligation to you. You will not be entitled to any refund in these circumstances. If however we terminate or suspend your subscription for any other reason and/or permanently cease publishing an FT Website, the FT Content or cease to provide subscription services then, unless there are exceptional circumstances, we will provide you with a pro rata refund to your credit card, which means that we will refund you with any amounts that you have paid us in advance that relate to any remaining and unexpired period of your subscription.

Who your subscription contract is with: if you buy an FT Adviser, FdiIntelligence, The Banker, Investors Chronicle, Global Risk Regulator, This is Africa, Analyse Africa, or The Banker Database subscription only, or if you buy a Bundled Subscription for FT Adviser (i.e. FT Adviser subscription and Money Management magazine subscription together) then you will be contracting with The Financial Times Limited, whose principal place of business is at One Southwark Bridge, London SE1 9HL, United Kingdom.

8. Choice of Law and Jurisdiction

These terms and conditions are subject to English law and the courts of England will (subject to the final paragraph in this Section 8) have non-exclusive jurisdiction to settle any dispute which may arise out of, under, or in connection with these terms and conditions.

For the exclusive benefit of FT and to the extent possible in the applicable jurisdiction, FT will retain the right to bring or enforce proceedings as to the substance of the matter in the courts of the country of your residence or, where these terms and conditions are entered into in the course of your trade or profession, the country of the place of business in which you agreed to these terms and conditions or (if different) the country of your principal place of business.

9. General

You may not license or transfer any of your rights under these terms and conditions. We may transfer any of our rights or obligations under these terms and conditions to any company within the Financial Times group of companies but if we do so we will ensure that any company to whom we transfer our rights or obligations will continue to honour your rights under them.

If any provision of these terms and conditions is found to be invalid by any court having competent jurisdiction, the invalidity of that provision will not affect the validity of the remaining provisions of these terms and conditions, which will remain in full force and effect.

Failure by either party to exercise any right or remedy under these terms and conditions does not constitute a waiver of that right or remedy. Headings in these terms and conditions are for convenience only and will have no legal meaning or effect.

The FT Websites are best viewed with one of our supported browsers. Our current list of supported browsers and the degree to which they are supported can be found here . Any payment information you send to us over the Internet is encrypted using 128 bit Secure Socket Layer technology. SSL is currently the preferred method to securely transfer credit card data over the Internet.

10. Corporate Information

The Financial Times Limited is the publisher of the Financial Times newspaper, the FT Adviser website, the FdiIntelligence website, The Banker website, the Investors Chronicle website, the This is Africa website, the Analyse Africa website, the Professional Wealth Management website, The Banker Database and Global Risk Regulator website and its corporate details are as follows: registered office address is Number One Southwark Bridge, London SE1 9HL; an entity incorporated in England and Wales with company number 227590; VAT number is 278 5371 21; and Data Protection Registration Number is Z7087146. In addition, the Managed Funds and Personal Finance areas of FT Adviser are operated separately by FT Personal Finance Limited whose corporate details are as follows: registered office address is Number One Southwark Bridge, London SE1 9HL; an entity incorporated in England and Wales with company number 3855520; VAT number is 278 5371 21; and Data Protection Registration Number is Z7670392.

11. Changes to Terms and Conditions

These terms and conditions were published on 23 June 2014.

FTB Websites