Renesource Capital has certain product governance obligations under Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (“MiFID II Directive”) and the Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing the MiFID II Directive.

In this regard, we would like to inform you that Renesource Capital identifies the target market for those financial instruments for which the Client's order execution services are provided. Renesource Capital does not develop or distribute financial products, while the client purchases a financial instrument on its own initiative.

Renesource Capital has no option to  ascertain whether a particular client belongs to an identified target market for a financial instrument and can only provide a minimum set of data in accordance with MiFID II rules, as a result of which clients should independently evaluate their belonging to the target market group.

As Renesource Capital provides execution-only services in financial instruments at the initiative of the client, Renesource Capital does not assess the client's compliance with the target market of the respective financial instruments, only assesses the client's knowledge and experience, if applicable.

Target market descriptions for financial instruments

Risk Disclosure Statement. Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile that was assigned to you by AS IBS Renesource Capital and whether the content of margin transactions corresponds to your investment goals.

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