RIGHT OF WITHDRAWAL ex Italian d.lgs. 206/2005 (Consumer Code)

In accordance with article 52 and following d.lgs. 6 September 2005 n. 206 (Consumer Code), the consumer has a period of fourteen days to withdraw from a distant contract or an off-premise contract (right of withdrawal) without giving any reason, and without incurring any costs other than those provided for in Article 56, paragraph 2, and in Article 57. In accordance with Article 59, first paragraph, of the Consumer Code, the right of withdrawal is excluded in respect of the supply of digital content which is not supplied on a tangible medium if the Service has begun with the consumer’s prior express consent and his acknowledgment that he thereby loses his right of withdrawal. You, where you qualify as a consumer, expressly agree: that the Opinions (the products) have the nature of digital content which is not supplied on a tangible medium; that by agreeing with the execution of the Service you lose your right of withdrawal. Investment research and financial analysis or other forms of general recommendations regarding transactions on financial instruments do not fall within the definition "Investment services and activities", but rather represent “Non-core services” and therefore they do not constitute a financial service. Should the supply of Opinions otherwise be interpreted as a financial service, while the nature of investment service and activity remains automatically excluded, the right of withdrawal must be understood as excluded in accordance with article 47, first paragraph, letter (d) of the Consumer Code.