As a matter of policy, and in view of the recognition of the limited research resources of Finco, Finco shall not provide any Advisory or Discretionary Service in respect of individual equity securities, except for Maltese securities. Finco provides Advisory / Discretionary Services in respect of equities only consisting of Exchange Traded Funds, whereby Finco takes a view on a sector / country and not on individual names. In the event of a client trading in individual equity securities, these shall be accepted only on an Execution-Only basis.