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Important legal information

Please read the following important legal information carefully. By accessing the website of Bank J. Safra Sarasin Ltd, Representative Office in Israel and Banque J. Safra Sarasin (Luxembourg) SA, Representative Office in Israel (together the "Representative Offices"), you declare that you have understood and agree to comply and be bound by the terms within this important legal information. If you do not agree or do not want to agree with an individual conditions of this important legal information, we ask you to leave and to not further access website of the Representative Offices.
The Representative Offices in Israel are neither supervised by the Supervisor of Banks at the Bank of Israel nor the Israel Security Authority, but by the competent banking supervisory authority in Switzerland (the Swiss Financial Market Supervisory Authority – FINMA) and in Luxembourg (the "Commission de Surveillance du Secteur Financier" – CSSF), respectively.
The Representative Offices reserves the right, in their sole discretion, to change, modify, add, or remove portions of this important legal information at any time. We suggest that you check the website link to this important legal information periodically for changes. Any changes, modifications, or additions to, or deletions of this important legal information shall be effective upon posting on the website of the Representative Offices. If you use the website of the Representative Offices after we post changes to this important legal information, you accept the revised terms as changed.
Local legal restrictions
The website of the Representative Offices is not intended for persons (natural persons or legal entities) for whom the use of or access to the website of the Representative Offices (based upon the nationality or the domicile/registered office of the concerned person or for any other reason) would violate the laws of the respective jurisdiction. Such persons are not permitted to access the website of the Representative Offices. This applies in particular to persons having their domicile/registered office in the United States of America.
Persons having their domicile/registered office in a country for which an affiliate of the Representative Offices maintains a separate website are requested to switch over to the corresponding website of the affiliated company.
The contents of this website are intended as portrayal of Bank J. Safra Sarasin Ltd and Banque J. Safra Sarasin (Luxembourg) SA which the Representative Offices are authorized to promote in Israel. Not all the financial instruments, products or services (if any) that may be presented on the website of the Representative Offices and that may be offered by Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA are available or suitable for persons in all jurisdictions. Whether or not a financial instrument, product or service may be offered by Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA to a particular person is subject to the legal and regulatory provisions in effect in the respective jurisdiction.
Proprietary rights, copyright and trademark rights
The entire contents (and all elements included therein) of the website of the Representative Offices are protected by copyright. All rights reserved. All other trademarks, service marks, trade names, and logos displayed on the website of the Representative Offices are proprietary to their respective owners.
Safra (Logo), Sarasin (Logo), Responsibly yours, Sarasin Prime Blend, Sarasin Pure Oak, Sarasin Sustainable Investment, Sarasin Sustainability-Matrix®, Sarasin Sustainability-Matrix (Logo), SWIPO, SWIPOC, Sarasin Swiss IPO Index, Sarasin Non Traditional AG, Sarasin International Securities Limited and Sarasin Horizon are trademarks of the J. Safra Sarasin Group and are registered in various jurisdictions.
Use of the website of the Representative Offices does not grant the user any right to the contents, to the software, to a registered trademark or to any other component of the website of the Representative Offices. The Representative Offices, Bank J. Safra Sarasin Ltd, Banque J. Safra Sarasin (Luxembourg) SA, their affiliates or any third party, if applicable, retain ownership of any and all proprietary rights. Any reproduction (in whole or in part), transmission (electronically or by another means), linkage, modification or use of the website of the Representative Offices or of a registered trademark for public or commercial purposes requires the Representative Offices', Bank J. Safra Sarasin Ltd’s, Banque J. Safra Sarasin (Luxembourg) SA’s or the respective affiliate’s or third party’s prior written approval.
No offer
The contents published on the website of the Representative Offices does not constitute investment, tax, legal, or regulatory advice, and neither constitutes a solicitation nor an offer to buy, hold or sell financial instruments, services or other products mentioned on the website of the Representative Offices nor a solicitation or an offer to enter into any contractual relationship, legal or other transaction. The contents are exclusively intended for personal use and information purposes and are, like this important legal information, subject to change by the Representative Offices at any time and without prior notice.
The contents made available on the website of the Representative Offices do not constitute any recommendation or decision support for your investment and other decisions and are in no way advisory in nature. An investment in a product or service described herein may not be suitable for all investors and should only be made on the basis of the relevant offering documents and their terms and conditions. If you base a decision on information contained on the website of the Representative Offices, you will be solely responsible for that decision. You should consult a professional and obtain relevant and specific professional advice before making any investment decision.
Risk notice regarding investments / Performance information (if included) on the website of the Representative Offices
The following is additional disclosure regarding investment risks as well as performance content (if any) included on the website of the Representative Offices. As a general rule: The higher the risk (price fluctuations), the longer the investment period should be and the higher the profit opportunities will be. The value of the invested capital and the income resulting out of it (e.g. distributions in connection with investment funds) are subject to fluctuations or may cease altogether. Financial instruments in foreign currencies are directly and indirectly subject to foreign exchange fluctuations. Individual financial instruments are generally subject to higher risks (e.g. investment funds that primarily invest in emerging markets and/or in stocks of companies with a low capitalization and/or in high-yield bonds). A positive past performance does not guarantee a positive performance in the future. Therefore, neither the Representative Offices nor Bank J. Safra Sarasin Ltd nor Banque J. Safra Sarasin (Luxembourg) SA assume a guarantee for a value preservation (or even a value increase) of the invested capital and the investors must be willing and in a position to accept substantial losses or even total losses.
No guarantee
The Representative Offices use the utmost diligence in compiling the contents on its website. However, the Representative Offices and their contracting partners do not assume any guarantee (including any liability toward third parties) with regard to the accuracy, up-to-dateness and completeness of the contents published on the website of the Representative Offices. In particular, the Representative Offices are not obligated to update the contents on their website or to remove outdated contents from their website.
Furthermore, the Representative Offices do not assume any responsibility and do not provide any guarantee that the functions on their website will operate without interruptions or error-free, that errors will be corrected or that their website or the respective server is free of any viruses or other harmful components and programs.
The Representative Offices are not responsible for the means you use to access the website of the Representative Offices, including your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to their website, as such means may not perform as intended or desired. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data. The Representative Offices disclaim responsibility for any damages third parties may cause to you through the use of their website, whether intentional or unintentional.
Exclusion of liability
The Representative Offices and their contracting partners exclude, to the extent permitted by law, any liability (including negligence and liability toward third parties) for any losses arising from direct, indirect or consequential damages of any kind that are related to the use of the website of the Representative Offices and the contents made available thereon or with the risks associated with financial markets.
The Representative Offices may temporarily or permanently terminate or limit your access to the website of the Representative Offices for any reason, without notice or liability. The Representative Offices also reserve the right to modify, add or remove any portion of the website of the Representative Offices at any time, without notice and without liability.
Linked websites
The use of a link may cause you to leave the website of the Representative Offices. The Representative Offices have not verified the websites of third parties linked to the website of the Representative Offices and do not assume any responsibility for their legality or contents. The existence of any such links shall not constitute an endorsement of or representation or warranty by the Representative Offices regarding such websites, the contents of the websites, the products or services offered on the websites or the operators of the websites or a guarantee of their accuracy, timeliness, completeness or usefulness.
Your access to and use of such linked websites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk. The Representative Offices disclaim responsibility for the privacy policies and customer information practices of third-party websites hyperlinked from the website of the Representative Offices.
Third party content
Through the website of the Representative Offices, you may have access to information relating to securities and the securities markets. Even though the sources of any third party market data provided on the website of the Representative Offices are believed to be reliable, the Representative Offices are not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of this third party market data.
Use of e-mail
The use of e-mail is voluntary. The transmission of e-mails via public networks is unprotected and may be intercepted, read and modified by third parties. Even if the sender and recipient are located in the State of Israel, e-mails are regularly and uncontrolledly sent across borders. In addition to the contents, the sender and the recipient of the e-mail can be identified by third parties permitting to draw a conclusion to an existing relationship with the Representative Offices, Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA. This also applies to e-mails that are being used for communication with the Representative Offices.
The Representative Offices are hereby authorized to respond to e-mails of the user via e-mail. However, subject to separate agreements, the Representative Offices are for security reasons not bound by communications (including communication and orders relating to financial instrument transactions in the context of the services offered by Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA) sent via e-mail. The Representative Offices are in no event liable for any damages arising from the use of e-mail or from the non-execution or delayed execution of communications given via e-mail.
For technical reasons delivery of e-mails cannot be guaranteed by the Representative Offices. The Representative Offices exclude any liability for damages arising from the delayed or failed delivery of e-mails.
Data processing
The Representative Offices respect the user's privacy and personal sphere and processes the personal data of the user, insofar such personal data is collected when visiting the website of the Representative Offices, in compliance with the applicable statutory provisions.
If the user visits the website of the Representative Offices, no personal data, (for example name, address, date of birth, telephone number etc.) is being collected without the user's consent. Only personal data that is made available to the Representative Offices by the user, is stored by the Company. Generally, the user is only requested to enter personal data if he wants to use the interactive services of the website of the Representative Offices. However, personal data such as a person’s name and address, date of birth, ID (Teudat Zeut) number, contact details (e.g. telephone number or e-mail address), marital status, occupation and employer, investment knowledge and experience or financial background (the "Personal Data") may be collected and processed by means of applications, forms or questionnaires completed by the user or by means of agreements that a user enters into with Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg SA), or if users establish or maintain a client relationship with Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA. At the same time, the Representative Offices, Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA may also collect similar Personal Data of persons connected to a client relationship of Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA such as (for example) authorized signatories, beneficial owners, trustees, settlor or controlling persons. Pursuant to section 11 of the Israeli Privacy Protection Law, 5741-1981, it is hereby clarified that the Representative Offices may keep and maintain records of a client’s business relationship history with Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA, which may include (for example) a client’s account opening documentation with the respective custodian bank. In particular, the Representative Offices collect and process Personal Data for the following purposes: (i) complying with statutory obligations, (ii) promoting Bank J. Safra Sarasin Ltd’s and/or Banque J. Safra Sarasin (Luxembourg) SA’s services, and (iii) assisting Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA with the onboarding of new clients or other permitted tasks during the lifecycle of a client’s business relationship with the respective custodian bank. Personal Data may be passed on to Bank J. Safra Sarasin Ltd and/or Banque J. Safra Sarasin (Luxembourg) SA, their affiliates or third-party service providers (e.g. in respect of outsourcing of certain business operations and services) or to authorities and courts in the State of Israel and abroad subject to a user’s implicit or explicit consent, or without a user’s consent insofar as the Representative Offices are authorized or obliged to do so on account of statutory or regulatory provisions. It is further clarified that with respect to Personal Data required by the Company to comply with statutory obligations, the Company is absent such required Personal Data not able to provide the requested service(s).
The Personal Data collected will be stored in the Company’s database(s) managed in accordance with the provisions of the Israeli Privacy Protection Law, 5741-1981.
Furthermore, the Representative Offices collect and analyze anonymous data in regard to the use of their website, such as the number of website visits, visited web pages, duration of the website visits, IP addresses etc. in order to be able to evaluate the benefits offered by their website. However, in this case, the data collected in this manner will be used exclusively for statistical purposes and will not be shared with third parties outside the J. Safra Sarasin Group.
Possible conflicts of interest
The Representative Offices form part of the J. Safra Sarasin Group. The J. Safra Sarasin Group and/or its board of directors, officers or employees may have invested in the past, are currently investing or may invest in the future in financial instruments about which the website of the Representative Offices may contain information. In addition, it cannot be ruled out that these natural and legal persons may have rendered, are currently rendering or will render in the future services for the issuers of such financial instruments, for example in the area of investment banking, corporate finance or market making, or have served, are currently serving or will serve in the future as directors or officers in such issuers' management.
Applicable law/place of jurisdiction
The access to and the use of the website of the Representative Office and this important legal information are subject to the substantive law of the State of Israel, exclusive of its choice of law rules. The District Court of Tel Aviv, Israel, shall have sole and exclusive jurisdiction in any dispute or controversy arising out of or relating to the website of the Representative Offices.
Information on the use of cookies
What is a Cookie?
Cookies are small files which are stored on your electronic device to keep track of your visit to the website of the Representative Offices and your preferred settings when navigating and, as the case may be, to save the settings between your visits. Thus, the Representative Offices can gather statistical information about the frequency of visits of certain areas of the website, and tailor the websites to be more useful and user-friendly.
Use of Cookies
Some cookies used by the website of the Representative Offices mainly serve to operate parts of the websites and will be set automatically. The complete functionality of the websites cannot be granted without cookies. The website of the Representative Offices also use so-called performance- and tracking-cookies for statistical purposes, as a means to continuously improve the website of the Representative Offices and to provide you with the best possible user experience based on your needs. Only own cookies ("first-party cookies") and no cookies from third parties (“third-party cookies”) are used. This means that all cookies and data are exclusively managed internally by the J. Safra Sarasin Group and are not transferred to third parties outside the J. Safra Sarasin Group.
Please note that most internet browsers accept cookies automatically. However, you can decide against the use of cookies at any time by deleting the cookies, which were set by the website of the Representative Offices. Furthermore, you can configure your browser to not save any cookies or to only accept cookies from specific websites on your electronic device or to always display a warning before receiving a new cookie. Deactivating cookies can, however, prevent you from using certain functions on the website of the Representative Offices. On some electronic devices, cookies are only persistent during a specific user session and will be deleted after the session is terminated.
Note: by using the website of the Representative Offices, you agree to the use of cookies for the described purposes.
Analytic tools
The J. Safra Sarasin Group uses analytic tools for the purpose of reporting in connection with the website of the Representative Offices. This involves the creation of anonymized data and the use of cookies to help analyze how users avail themselves of the website of the Representative Offices. The information about your use of the websites generated by these cookies, such as the
The J. Safra Sarasin Group uses analytic tools for the purpose of reporting in connection with the website of the Representative Offices. This involves the creation of anonymized data and the use of cookies to help analyze how users avail themselves of the website of the Representative Offices. The information about your use of the websites generated by these cookies, such as the
  • host name of the accessing electronic device (so-called IP address);
  • type/version of browser used;
  • operating system used;
  • referrer URL (website from which you are redirected to the website of the Representative Offices by clicking on a link);
  • date and time of server request; and
  • device-specific information;
are used exclusively for internal analysis purposes by the J. Safra Sarasin Group and are not transferred to third parties outside the J. Safra Sarasin Group.
Your visits to this website are currently recorded by the Web Analytics tool.
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