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Legal and Regulatory Information

For the purposes of this Legal and Regulatory Information, references to JB Capital are made in a commercial manner, and such references shall be understood to be made both to JB Capital Markets, S.V., S.A.U. and to its Agents and Affiliates. Agents and Affiliates” shall be understood to mean the affiliates, subsidiaries, investee companies and the personnel thereof, their related agents and commercial representatives.

The business, operations or similar information published on this website may be of JB Capital Markets, S.V. S.A.U., Agents and Subsidiaries or their Representatives, without expressly indicating in each case to which of them it refers.

This Legal information constitutes the framework of the relationship between the User of the Internet Service (hereinafter the User), JB Captial and its Agents and Affiliates, through the website: http://jbcapital.com.

Notwithstanding the foregoing, the web domain is owned by JB Capital Markets, S.V., S.A.U.

Calle Serrano Anguita 1,
28004 Madrid
Tel: +34917691100
Fax +34917691139
www.jbcapital.com
CIF: A-85214922
Registered in the Mercantile Registry of Madrid, Volume 24.914, Folio 57, Section 8, Page M-448563

The User must read this Legal Notice carefully. By accessing the JB Capital website, the User undertakes to respect the terms and conditions of this Legal Notice, including the Privacy Policy and the Cookies Policy, the content of which may vary over time, without prior notice, so we suggest that you periodically review these clauses. Continued access or use by the User of the Web will mean that he/she accepts any changes introduced. If you do not agree with these clauses, you may leave the Web page.

As the User has expressly accepted that any future modification of these current clauses will bind him/her from the moment he/she enters the Web page, we remind him/her of the importance of periodically reviewing their content.

 

Applicable law and jurisdiction

JB Capital, with registered office at Calle Serrano Anguita, 1 – 28004 Madrid, and Tax Identification Number A-85214922, is the owner of the website https://jbcapital.com/.

In general, the relationship between JB Capital and its Users derived from the use of the website are subject to Spanish legislation and jurisdiction.

The user of the JB Capital website must comply with the provisions of the applicable jurisdiction and national legislation regarding access to and use of the information contained on the website.

For any questions related to the services provided by JB Capital, you may contact Customer Service at the following address: Calle Serrrano Anguita, 1 – 28004 Madrid, or via e-mail: dac@jbcapital.com.

By virtue of compliance with Law 34/2002, of July 11, 2002, on Information Society Services and Electronic Commerce, we inform you:

 

Terms and Conditions

Accessing this website implies knowledge and acceptance of the following general terms and conditions, which regulate the access and use of the site www.jbcapital.com (hereinafter the “Website”), which JB Capital makes freely available to its clients. Access to the same implies unreserved acceptance. The use of certain services offered on this site will also be governed by the specific conditions provided in each case, which will be understood to be accepted by the mere use of such services.

  • The contents and services included in this Web are not designed for, nor directed to those persons residing in jurisdictions where its contents are not authorized or are contrary to the legal provisions or to the uses and customs.
  • Access to this Web is the sole responsibility of the Users.
  • Access to this website does not imply the establishment of any type of commercial relationship between JB Capital and the User. This Internet service through its website is for information purposes only and does not constitute an offer to sell or a solicitation to buy any investment product or investment service.
  • Viewing, printing and partial downloading of Web content is authorized only and exclusively if the following conditions are met:
    • Compatible with the purposes of the Web
    • That it is done with the sole purpose of obtaining the information contained therein for personal and private use. Its use for commercial purposes or for its distribution, public communication, transformation or decompilation is expressly prohibited.
    • That none of the contents related to the Web are modified in any way.
    • That no graphic, icon or image available on the Web is used, copied or distributed separately from the rest of the images that accompany it.

 

Contents

JB Capital will make reasonable efforts to verify and update the information and materials included in its website and to evaluate that its sources are reliable and honorable.

Notwithstanding the foregoing, the information, analyses, opinions and recommendations published on or through this website are provided for informational purposes only and are for guidance only, and JB Capital, its directors, officers and/or employees make no representations, warranties or assurances as to the reasonableness, accuracy, completeness, precision, timeliness, reliability or currency of the content thereof.

Therefore, JB Capital disclaims any responsibility for the content, accuracy, reliability and truthfulness of the information, in whatever form it is presented and the Users of the Website, in their investment decisions, must assume the risks arising from the use of this information or recommendations without any liability attributable to JB Capital, its directors, officers and/or employees. The User is aware that he is responsible for his own investment decisions and that he must seek his own professional advice as to the suitability of any investment or investment strategy mentioned on the Website.

Any information or analysis contained in the website is for information purposes only and JB Capital is under no obligation to update such information or analysis and therefore may not reflect events occurring after the date of publication.

 

Access, navigation and security

By accessing and browsing the JB Capital website, you accept and acknowledge the legal warnings, conditions and terms of use contained therein.

Access to part of this Website must be expressly requested by the Users, with JB Capital being the sole decision as to whether to accept or reject such a request. In the event that access is granted by JB Capital at the request of a User, access will be activated through the use of a system of passwords and codes provided by JB Capital to ensure the identification of Users and the integrity and confidentiality of the passwords and codes provided.

The code or password is confidential. If the User believes that someone has had access to his/her code or password, he/she must notify this situation to JB Capital, which will proceed to the immediate modification of the same.

JB Capital is not responsible for and does not guarantee that access to this website will be uninterrupted or error free or cause damage. In no event shall JB Capital be liable for damages of any kind arising from access to and use of the website, including, but not limited to, those caused to computer systems or those caused by the introduction of viruses.

JB Capital will carry out, provided that there are no causes that make it impossible or difficult to carry out, and as soon as it becomes aware of the errors or disconnections, all those tasks aimed at correcting the errors and re-establishing communication

Both access to the Website and any non-consensual use that may be made of the information contained therein is the sole responsibility of the person accessing or using it. JB Capital will not be liable for any consequence or damage that may arise from such access or use. JB Capital is not responsible for any security errors that may occur or for any damage that may be caused to the user’s computer system (hardware and software), or to the files or documents stored therein, as a result of:

the presence of a virus in the user’s computer used to connect to the services and contents of the Web; a malfunction of the browser; and the use of non-updated versions of the same. The downloading of any material including software, or any computer file, shall be carried out at the User’s sole discretion and risk. The User shall be solely responsible for any damage caused to its computer system or loss of data resulting from the downloading, installation or operation of any materials.

JB Capital may modify unilaterally and without prior notice, whenever it deems it appropriate, the structure and design of the Website, as well as modify or eliminate the services, contents and conditions of access and use of the Website.

The navigation process of a User on the JB Capital website leaves as a “trace” the IP address that has been assigned to him/her in that session by his/her Access Provider. The registration of this IP address is only used for internal purposes, such as access statistics to the Web site.

The IP address for the same User is different from one Internet connection to another, so it is not possible to deduce any “habit” of navigation through the JB Capital website by a given User.

JB Capital does not assume any responsibility derived from the contents linked in the Web, as long as they are not related to the same, nor does it guarantee the absence of virus or other elements in the same that can produce alterations in the computer system (hardware and software), in the documents or files of the user, excluding any responsibility for damages of any kind caused to the user for this reason.

In the event that any user, customer or third party considers that the content or services provided by the linked pages are unlawful or injure property or rights of the user, a customer or a third party liable for compensation, you must send a notification form to the address dac@jbcapital.com and, in particular, when they consist of:

  • Activities or contents susceptible of being considered criminal under Spanish criminal law.
  • Activities or contents that violate intellectual or industrial property rights.
  • Activities or contents that endanger public order, criminal investigation, public safety and national defense.
  • Activities or contents that endanger the protection of public health, respect for the dignity of the person and the principle of non-discrimination, and the protection of health and children.

 

Exchange or dissemination of information

JB Capital disclaims all liability arising from the exchange between Users of information obtained through its website.

 

Data Protection

For more information go to Privacy Policy

 

Cookie Policy

If the User accepts it, the Website will install cookies in the User’s browser. Please refer to our Cookie Policy for more information.

 

Intellectual and Industrial Property

The intellectual property rights of the content of the website www.jbcapital.com, its source code, graphic design, navigation structure, databases and the different elements contained therein are owned by JB Capital, which has the exclusive rights to exploit them in any form and, in particular, the rights of reproduction, distribution, public communication and transformation.

Therefore, their reproduction, distribution, public communication and transformation is prohibited, except for personal and private use. Likewise, all trade names, trademarks or distinctive signs of any kind contained in the JB Capital website are protected by law.

All third party links to the Web must be to its home page, being expressly prohibited the “deep links”, “framing” and any other use of the contents of the Web, in favor of unauthorized third parties.

The unauthorized use of the information contained in the Web, its resale, as well as the infringement of the intellectual property rights of JB Capital, will give rise to the legally established responsibilities.

Regarding the quotations or products and services of third parties, JB Capital recognizes in favor of their owners the corresponding intellectual and industrial property rights, and their mere mention or appearance on the Web page does not imply the existence of any rights or responsibility of JB Capital over them.

Without limiting the foregoing, JB Capital reserves all copyright, trademark, patent, intellectual property and other proprietary rights with respect to the content and design of the website.

JB Capital Markets S.V., S.A.U., provides independent advice, is regulated and supervised by the Comisión Nacional del Mercado de Valores (C.N.M.V.), in whose Official Registry of Securities Companies and Agencies it is registered under number 229.

This publication has been prepared by JB Capital Markets, Sociedad de Valores, S.A.U. (“JB Capital”) solely for the information of its clients. This document and its contents do not constitute an offer, invitation or solicitation to purchase, sell or subscribe for any securities or other financial instruments. The information contained herein has been obtained from, and the opinions expressed are based upon, sources believed to be reliable, but JB Capital does not warrant its accuracy, completeness or integrity. The information contained herein is subject to change without notice. JB Capital or any of its officers or employees may, to the extent permitted by law, have positions, or be interested, in any transaction or investment, directly or indirectly related to this publication. No officer or employee of JB Capital accepts any liability whatsoever in respect of any direct, indirect or consequential loss arising from the use of this publication or its contents. No reproduction, distribution or publication of this document or any part thereof by any person for any purpose is authorized without the prior express consent of JB Capital.

JB Capital does not own, directly or indirectly, permanent equity interests in companies that could be the subject of analysis in this publication.

JB Capital and the User, expressly waiving any other jurisdiction, agree to submit to the courts and tribunals of the city of Madrid (Spain), to resolve any dispute that may arise from access to or use of the website: http://jbcapital.com.

 

Information regarding commercial communications

Disclosure Equity Desk

Disclosure High Yield Desk

 

Customer information

Precontractual Information Variable Income

Precontractual Information Fixed Income

Order Execution Policy

General Policy Conflicts of Interest

Disclosure of Sustainability Information in the Financial Sector

Main execution centers report 2018

Performance Quality Report 2018

Main execution centers report 2019

Performance Quality Report 2019

2020 Major Execution Centers Report

2020 Execution Quality Report

Report of main execution centers 2021

Performance Quality Report 2021

2022 Major Execution Centers Report

Performance Quality Report 2022

Report of main execution centers 2023

Performance Quality Report 2023

Report of main execution centers 2024

Performance Quality Report 2024