Definition of private and professional subscriber

Vendors with license agreement can distribute information both to private subscribers and professional subscribers.

Private Subscriber: A natural person (and not limited liability companies or other entities with limited liability, general partnerships, trust companies, associations, corporations, joint properties or any other entities whatsoever) who does not perform and is not in any other way engaged in giving investment services. A Private Subscriber may only use the information for Private Use as defined under “Private Use” below.

A natural person or corporation, partnership or other entity authorised to give investment services or registered or qualified in any capacity with Oslo Børs or authorities with similar functions shall in this respect be deemed to be performing investment services and shall therefore not be considered as a Private Subscriber. A natural person whose vocation is giving investment services as defined above shall be deemed to be giving investment services and shall therefore not be considered as a Private Subscriber.

Private Use: Private use shall mean use of information by a Private Subscriber for the purpose of managing the Private Subscriber’s own personal investments and not for any business purpose, nor for the purpose of giving any form of advice to any other person.

A Private Subscriber may not:

  • contract for, receive or use Information for the purpose of Private Use on behalf of one or several other persons, limited liability companies or other entities with limited liability, general partnerships, trust companies, associations, corporations, joint properties or any other entities whatsoever
  • contract for, receive or use Information for the purpose of Private Use in any service that is paid for by one or several other persons, limited liability companies or other entities with limited liability, general partnerships, trust companies, associations, corporations, joint properties or any other entities whatsoever.

A Private Subscriber shall, notwithstanding the above:

  • be permitted to contract for, receive or use Information for Private Use on behalf of and/or paid for by a legal entity or other form of non-natural Person in which the Private Subscriber has full (100%) ownership and exercises full (100%) control

Vendor is required to obtain confirmation from Private Subscribers that the subscribers’ status and use of Information remain in compliance with this Agreement and take reasonable steps to ensure that Vendor is informed of any change in the status of Private Subscribers.

Professional Subscriber: Any subscriber not defined as a Private Subscriber.

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