Contractually Tied Agent
21.finance AG (registered in the Trade Register of the Liechtenstein Office of Justice with No FL-0002.541.900-1), Industriering 40, 9491 Ruggell, Liechtenstein acts as tied agent within the meaning of the Liechtenstein Banking Act (BankG) for Bank Frick & Co. AG (registered in the Trade Register of the Office of Justice with No FL-0001.548.501-4), Landstrasse 14, 9496 Balzers, Liechtenstein.
21.finance AG offers the following services exclusively as a contractually tied agent pursuant to the BankG on behalf and under the legal liability of Bank Frick & Co. AG:
- Promotion and initiation of new business relationships,
- Acceptance of orders from investors or potential investors,
- Transmitting orders,
- As well as placement of financial instruments.
21.finance AG does not carry out any asset management or investment advice for Bank Frick & Co. AG, in particular does not provide asset management or investment advice. Investor acknowledges that investment decision is made solely by him/her and that 21.finance AG merely presents the financial instruments to the investor and informs him/her about the structure of the financial instruments.
Bank Frick & Co. AG assumes civil liability towards investors in the brokerage services for any breach of duty from of 21.finance AG which is directly connected with its activity as an intermediary in the above mentioned transactions. Investor can therefore hold Bank Frick & Co. AG for breaches of duty in connection with the brokerage by 21.finance AG. In addition to the service as contractually tied agent of Bank Frick & Co. AG, 21.finance AG provides further services in its own name which are not subject to licensing. Bank Frick & Co. AG assumes no liability for any breach of duty from of 21.finance AG with regard to these additional services.
Bank Frick & Co. AG has notified the Liechtenstein Financial Market Authority (FMA) of its assumption of liability. 21.finance AG has been included in the public register of contractually tied agents, which can be reached on the website of the FMA (http://register.fma-li.li/index.php?id=140), as a contractually tied agent of Bank Frick & Co. AG.