FT Specialist Terms and Conditions

1. About our Terms

1.1. We are The Financial Times Limited, a limited company registered in England and Wales and our registered address is Bracken House, 1 Friday Street, London, England, EC4M 9BT. Our company number is 00227590, our UK VAT registration number is GB226162332 and our data protection registration number is Z7087146. If you need any of our other tax ID numbers please contact Customer Care. Except where we state otherwise, you will be contracting with The Financial Times Limited and references to “FT” (or “FT”, “we”, “us”, or “our”) refer to The Financial Times Limited.

1.2. These Terms and Conditions apply whenever you:

• use any FT Specialist Website (as defined in paragraph 1.6 below), any FT Specialist Website mobile and online digital apps and services (individually each a “Website”, and together the “Websites”) and access content and services made available or sold on them, including any print publications published by FT Specialist (individually each a “Magazine”, and together the “Magazines”) (together the “FT Content”); and
• purchase access to any Website, any Magazine and/or the FT Content (together, the “FT Services”) on a subscription basis.

1.3. You should read these Terms and Conditions carefully before using any Website and/or FT Content or subscribing to the FT Services. By accessing, using or subscribing to any of the above, you agree to be bound by these Terms and Conditions (as applicable) and the documents referred to in them.

1.4. If you access any Website and/or FT Content under an organisation’s subscription agreement, then your access is primarily governed by the subscription agreement between us and that organisation. In the event of any conflict between these Terms and Conditions and the organisation’s subscription agreement (as applicable), the terms of the organisation’s subscription agreement shall prevail to the extent of the inconsistency only.

1.5. If you access any Website and/or FT Content in the course of your business or work and you are not doing so under an organisation’s subscription agreement, then you are also agreeing to these Terms and Conditions on behalf of that business.

1.6. If you have any questions about the FT Services or if you have any difficulties using any Website, please contact us using the contact details available on the relevant Website.

1.7. In these Terms and Conditions, “FT Specialist Website” shall include:

• www.ftadviser.com;
• www.fdiintelligence.com;
• www.fdimarkets.com;
• www.fdibenchmark.com;
• www.fdiinsights.com;
• www.ftlocations.com;
• www.bankingriskandregulation.com;
• www.investorschronicle.co.uk;
• www.pwmnet.com;
• www.sustainableviews.com;
• www.thebanker.com;
• www.thebankerdatabase.com; and/or
• any other website operated by FT which provides a link to these Terms and Conditions.

2. Your Subscription to the FT Services

2.1. We offer a range of subscriptions:-

• to certain Websites and/or to content and services available on them (“Digital Subscriptions”);
• to certain Magazines (“Print Subscriptions”);
• to both certain Websites and certain Magazines (“Bundled Subscriptions”); and
• we also offer certain subscriptions on a trial basis, at our discretion (“Trial Subscriptions”).

The above are referred together as “the Subscriptions” and individually as a “Subscription”. Please note that separate and/or additional terms and conditions may apply to any Trial Subscriptions that we may offer. Any such additional terms shall be clearly indicated.

2.2. You may not take more than one Trial Subscription in any twelve-month period to any one Website and/or Magazine. We may cancel any Trial Subscription that you may have purchased, without refund, if you have had access to any other Trial Subscription in the previous twelve months.

2.3. You may purchase a Subscription by submitting an order and providing the sign-up details on the relevant Website, by using the contact details on the relevant Website, or via FT-authorised telemarketing companies. We will only accept your order when we have successfully verified your email address and processed your payment details.

2.4. We will try to process your Subscription order promptly but cannot guarantee activation by any specified time. We may reject any Subscription order in our discretion. You confirm that your sign-up and payment details are complete and accurate, and that you are entitled to purchase a Subscription using those sign-up and payment details. It is your responsibility to update and maintain changes to your sign-up details on the relevant Website.

Fees and Payment

2.5. You agree to pay the Subscription fees at the rates and in the currency displayed or referenced during the Subscription process. Prices may vary from time to time and by country, and Subscriptions may be available on a one-off, monthly, annual or other basis. Discount offers are as stated at the time you subscribe and cannot be changed during the term of your subscription. Unless otherwise indicated, prices stated are exclusive of any applicable value added tax (VAT) or other sales taxes. The breakdown of any VAT will be indicated on the relevant invoice.

2.6. If we do not receive payment authorisation or any authorisation is subsequently cancelled, we may immediately terminate or suspend your Subscription.

2.7. Trial Subscriptions.

• If you take a Trial Subscription, we will inform you of the full Subscription price payable at the start of the trial period. Your Subscription will renew automatically at the end of that trial period at the full Subscription price unless you cancel your Subscription before the end of the trial period. To cancel your Subscription during the trial period please follow the cancellation instructions on the relevant Website, or contact us using the contact details on the relevant Website.
• If you take a Trial Subscription to Investors’ Chronicle, we will inform you of the full Subscription price payable at the start of the trial period. Your Subscription will renew automatically at the end of that trial period at the full Subscription price unless you cancel your Subscription no later than 5 business days before the end of the trial period. To cancel your Subscription during the trial period please follow the cancellation instructions on the relevant Website, or contact us using the contact details on the relevant Website.

2.8. We will give you at least 14 days’ notice of any increase in the price of your Subscription, which will take effect at your next renewal date.

2.9. If we incorrectly state a price online or otherwise, we are not obliged to provide you with a Subscription at that price, even if we have mistakenly accepted your offer to buy a Subscription. If we notify you of a pricing error, you may cancel the Subscription and we will refund you any money paid, or you may pay the correct price. If you do neither, we may cancel your Subscription and refund any money you have paid. We will always act in good faith in determining whether a genuine pricing error has occurred.

2.10. If you are entitled to a refund we will credit that refund to the card or other payment method you used to submit payment, unless it has expired in which case we will contact you to arrange.

2.11. In addition to the Subscription fees you are responsible for paying for any:

• broadband, mobile, data, messaging or other internet connection and telecommunications charges that you may incur by accessing FT Content;
• charges that may be levied by your bank or credit card issuer (for example foreign transaction fees on transactions which take place abroad or in a foreign currency).

2.12. We will do all that we reasonably can to ensure that all of the information you give us when paying is secure by using an encrypted secure payment mechanism. However, in the absence of negligence on our part, any failure by us to comply with this contract or our Privacy Policy or breach by us of our duties under applicable laws, we will not be legally responsible to you for any loss that you may suffer if a third party gains unauthorised access to any information that you give us.

Postal Delivery

2.13. Your Magazine will be sent via post to the address you provided during the sign-up process if it is within our delivery areas.

2.14. Any delivery dates are approximate and estimates only. We cannot guarantee delivery by any specific date. If you do not receive your Magazine within 14 days of any expected delivery date you may have been provided with, please contact us using the contact details on the relevant Website.

2.15. If you wish to change your address for delivery then please contact us using the contact details on the relevant Website at least 10 days’ before the date on which you wish your change of address to take effect. If we are not able to provide you with a delivery service to your new address then:

• If you have a Print Subscription, we will cancel your Subscription and issue a pro rata refund for the unexpired period of your Subscription; and
• If you have a Bundled Subscription, we will cancel your Subscription, issue a pro rata refund for the unexpired period of your Subscription and, at your option, transfer you onto a new Digital Subscription.

Your Cancellation Rights

2.16. Digital Subscriptions:

• By placing your order for a Digital Subscription subject to these Terms and Conditions, you agree that we may start your Subscription immediately upon our acceptance of your order and that you waive your statutory right to cancel our contract within 14 days of either: your order confirmation, or the point at which we provide you with access to your Subscription, whichever happens first.
• This means that you lose your right to cancel this contract once we have successfully verified your email address and processed your payment details of your Digital Subscription (see section 2.3 above) and that any notice of cancellation that you provide (whether before or after the 14-day period) will only take effect at the end of your current Subscription period. You will not be entitled to a refund except in the event that there is a fault in our provision of our FT Services.

2.17. Print Subscriptions or Bundled Subscriptions:

• You have the right to cancel our contract for a Print Subscription or Bundled Subscription, without giving any reason, within 14 days of receiving the first Magazine forming part of your Subscription.
• If you exercise your right to cancel within that period, we will reimburse all payments received from you, less a pro rated amount for each Magazine you received before cancelling.
• After the above period has expired, you may cancel your Print Subscription or Bundled Subscription by notifying us at any time of your intention to do so. However, the cancellation will only take effect at the end of your then current Subscription period, and you will not be entitled to a refund except in the event that there is a fault in our provision of our FT Services.
• For Investors’ Chronicle and The Banker only: After the above period has expired, you may cancel your Print Subscription or Bundled Subscription by notifying us at any time of your intention to do so as long as your notice is received by us no later than 5 business days prior to the end of your then current Subscription period. Your cancellation will only take effect at the end of your then current Subscription period, and you will not be entitled to a refund except in the event that there is a fault in our provision of our FT Services.

2.18. To exercise the above rights to cancel, you must inform us of your decision to cancel the contract by contacting us using the contact details on the relevant Website. Please provide:

• the subscriber’s full name (person on the billing information if different from the user);
• the account email address or account number (Customer Reference Number);
• the billing address and delivery address (Including zip code/postcode); and
• your contact telephone number.

Our Cancellation Rights

2.19. We may suspend or terminate your Subscription if we are prevented from providing services to you, or accepting payment from you, by applicable law or circumstances beyond our control, or if we cease publishing the relevant Magazine, or the relevant Website, or providing the FT Services. If we terminate for any of these reasons, we will provide you with a pro rata refund to the extent permitted by applicable law.

2.20. We may also suspend or terminate your Subscription, without refund, if you breach these Terms and Conditions, or in the event of any verbal or written abuse of any kind (including abusive, offensive or aggressive language) directed towards any FT personnel, or any member of the public, with or without notice and without further obligation to you.

2.21. If you are not a Subscriber, then we may suspend or terminate your access to the FT Content at any time, with or without notice and without further obligation to you.

Effects of cancellation

2.22. If you are entitled to a refund, we will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to cancel your Subscription.

2.23. We will make the reimbursement using your registered payment details. Additional charges may apply if we are required to reimburse to any other credit card or bank.

2.24. If you have received copies of any Magazine as part of your Subscription, you will not be expected to return these copies, but we will retain payment for such in accordance with these Terms and Conditions.

2.25. If you have been paying for your Subscription by direct debit, we recommend you also cancel your direct debit with your bank.

Renewals

2.26. For Subscriptions to Investors’ Chronicle, unless you notify us at least 14 days before the end of your current subscription period that you wish to cancel, your subscription will continue to renew for further equivalent periods and will be subject to these Terms and Conditions. For Subscriptions to the Banker Database, unless you notify us at least 30 days before the end of your current subscription period that you wish to cancel, your subscription will continue to renew for further equivalent periods and will be subject to these Terms and Conditions. We will charge the relevant Subscription using the same card or other payment method that you previously used.

2.27. In the case of annual Subscriptions that auto-renew, we will send you a reminder notice before the renewal date stating the rate that will apply for the renewal period.

3. Using the Websites

Ownership of the Websites and FT Content

3.1. Each Website and all FT Content and all intellectual property rights in each are owned by us, our licensors or both (as applicable). Intellectual property rights means rights such as: copyright, trade marks, domain names, design rights, database rights, patents and all other intellectual property rights of any kind whether or not they are registered or unregistered (anywhere in the world). We reserve all of our rights in any intellectual property in connection with these Terms and Conditions. This means, for example, that we remain owners of them and free to use them as we see fit.

3.2. Nothing in these Terms and Conditions grants you any legal rights in any Website or the FT Content other than as necessary to enable you to use the relevant Website and use the FT Services. You agree not to adjust, to try to circumvent or delete any notices contained on any Website (including any intellectual property notices) and in particular in any digital rights or other security technology embedded or contained within any Website.

3.3. “FT” and “Financial Times” are registered trade marks and you may not use them or any other trademarks, trade names, logos or other branding of any FT Website (whether registered or not) without written permission from FT. You are permitted to use the FT Content only as set out in the copyright policy available at Copyright Policy.

Accessing and using FT Content

3.4. You agree to comply with our Copyright Policy when using FT Content. You are responsible for all use of FT Content whether accessed without a Subscription as a non-paying, registered or unregistered user, under your Subscription, or under your organisation’s Subscription.

3.5. To the fullest extent permitted by law, we expressly prohibit any use of our content or data (including any associated metadata) in any manner for any machine learning and/or artificial intelligence purposes, including without limitation for the purposes of training or development of artificial intelligence technologies or tools or machine learning language models, or otherwise for the purposes of using or in connection with the use of such technologies, tools or models to generate any data or content and/or to synthesise or combine with any other data or content. We reserve all rights to license any use of our content and data for any such purposes.

3.6. The amount and type of FT Content that you can view depends on whether you access the FT Content with a Subscription (and the type of Subscription you have) or whether you access the FT Content as a non-paying, registered or unregistered user. We may vary or cancel the access rights of non-paying users at any time.

3.7. We reserve the right to amend the scope of your Digital Subscription from time to time. We will give you at least 30 days’ notice of any significant reduction in the scope of your Digital Subscription, and these will only take effect from the date of your next payment following that 30-day period.

3.8. On Subscription and/or registration, you will choose a username and password (“ID”). It is your responsibility to keep your ID confidential. All information received by us from your use of FT Content will be used by FT in accordance with our Privacy Policy.

3.9. Except as otherwise stated, you agree that:

• each Subscription is for a single user only;
• where you register for a Subscription using an email address, you must use a named email account using an email domain (such as firstname.lastname@client.com) and not a third party email domain or generic or shared email account (such as knowledge.management@client.com);
• password access is on the basis of one password for use by one specific user only (sharing of passwords is not permitted either simultaneously or on a rotational basis); and
• you may not create additional registration accounts for the benefit of others or with the aim of avoiding our use of IDs to control access to and use of any Website.

3.10. We may cancel or suspend your Subscription and/or access to any Website if you share your access rights with any third parties or attempt to allow third parties to avoid our control of access to any Website.

3.11. If you believe there has been any breach of security such as the disclosure, theft or unauthorised use of your ID or any payment information, you must notify FT immediately by e-mailing us using the contact details on the relevant Website. We recommend that you do not use any “Remember me” (or equivalent) log in feature on any device that may be used by anyone other than you in order to prevent unauthorised access to any Website and your Subscription details.

User Generated Content

3.12. Each Website may include comments sections, blogs and other features that allow interaction between users and between users and journalists (“Forums”). If you post information to these Forums (“User Generated Content” or “UGC”) then you must comply with any specific rules posted on the Forum. You are responsible for all the content of any of your UGC that you or we publish. You are financially responsible to us for any claim against us by any third party that your UGC is not in accordance with these Terms and Conditions or that otherwise relates to your UGC.

3.13. You own the copyright in your UGC, and you agree to grant FT a right (but not an obligation) unlimited in time to publish, re-use, archive, modify, delete or commercially exploit that UGC in whole or in part as we see fit, whether on any Website or otherwise, without any requirement to pay you for this and with or without attribution to you. You also waive any moral rights that you may have in regard to the UGC.

3.14. You agree that you will:

• only post original content and not infringe the copyright or other rights of any third party;
• not post any UGC containing any form of advertising or promotion for goods and services or any form of unsolicited communication;
• not post any confidential information of a third party;
• not post any recommendations to buy or not buy a particular share or investment or which otherwise has the purpose of affecting the price or value of any share or other investment;
• not post anything that is threatening, offensive, libellous, indecent or unlawful;
• not post anything that is discriminatory in nature, for example, comments which make attacks on the grounds of race, religion, sex, gender, sexual orientation, disability or age;
• respectfully challenge different points of view but not personally attack other commentators;
• not disguise the origin of any UGC and not impersonate any person or entity (including FT employees or Forum guests or hosts) or misrepresent any connection with any person or entity;
• not post any UGC unrelated to the Forum or the Forum’s topic;
• not post any UGC that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of any Website or any computer software or equipment;
• not collect or store other users’ personal data; and
• not restrict or inhibit any other user from using the Forums.

3.15. It is not possible for FT to fully monitor all UGC published on any Website but where we have actually received notice of any UGC that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these Terms and Conditions, then we will review that UGC, decide whether to remove it from any Website and act accordingly. This may include banning a user from participation in UGC on any Website. If you are aware of any such UGC, please notify us immediately with specific details by contacting us using the contact details available on the relevant Website.

Accuracy of information and availability of the Websites

3.16. While we try to make sure that each Website and all FT Content are accurate, up-to-date and free from bugs, we cannot promise that it will be. Furthermore, we cannot promise that any Website will be fit or suitable for any purpose. Any reliance that you may place on the information on any Website is at your own risk.

3.17. FT Content is provided for your general information purposes only and to inform you about us and our products and news, features, services and other websites that may be of interest. It does not constitute technical, financial or legal advice or any other type of advice and should not be relied on for any purposes. It is not intended to be and should not be relied upon by users in making (or refraining from making) any specific investment, purchase, sale or other decisions. Appropriate independent advice should be obtained before making any such decision, such as from a qualified financial adviser. Any agreements, transactions or other arrangements made between you and any third party named on (or linked to from) any Website are at your own responsibility and entered into at your own risk. Any information that you receive via any Website, whether or not it is classified as “real time”, may have stopped being current by the time it reaches you. Share price information may be rounded up/down and therefore may not be entirely accurate.

3.18. We may suspend or terminate operation of any Website or any part thereof at any time as we see fit.

3.19. While we try to make sure that each Website is available for your use, we do not promise that any Website is available at all times nor do we promise the uninterrupted use by you of any Website.

Third party sites and products

3.20. Each Website may contain hyperlinks or references to third party websites and third party products. Any such hyperlinks or references are provided for your convenience only. We have no control over third party websites and accept no legal responsibility for any products, content, material or information contained in them. The display of any hyperlink and reference to any third party website or third party product (including any advert or sponsor) does not mean that we endorse that third party’s website, products or services. Your use of a third party site may be governed by the terms and conditions of that third party site.

3.21. Any agreements, transactions or other arrangements made between you and any third party named on (or linked to/from) any Website are at your own responsibility and entered into at your own risk.

4. Your Privacy and Personal Information

4.1. Your privacy and personal information are important to us. Any personal information that you provide to us will be dealt with in line with our Privacy Policy, which explains what personal information we collect from you, how and why we collect, store, use and share such information, your rights in relation to your personal information and how to contact us and supervisory authorities in the event you have a query or complaint about the use of your personal information.

5. Limitation on our Liability

5.1. FT makes no warranty, express or implied, regarding your Subscription, any Website, FT Content or FT Services, which are provided ‘as is’. We expressly disclaim all warranties to the extent permitted by law, including but not limited to warranties of fitness for a particular purpose.

5.2. Except for any legal responsibility that we cannot limit or exclude in law (such as for death or personal injury), in the event that you suffer any losses arising in connection with your Subscription, or your use of any Website, FT Content or FT Services:

• (a) our total liability to you shall not exceed the total sums paid by you for your current Subscription; and
• (b) we shall not be liable or legally responsible in any way (whether in contract, tort (including negligence) or otherwise) for:
  • any loss that was not foreseeable to you or the FT when the contract was formed;
  • any loss that was not caused by any breach on FT’s part;
  • any business loss (including business interruption, or loss of revenues, sales or business opportunity);
  • any loss of profits, anticipated savings, goodwill, reputation, or data;
  • any loss of use or corruption of software or technical equipment;
  • any loss to non-consumers; and
  • any indirect or consequential loss
  • in each case even if we have been advised that such damages may arise.

5.3. The limitations of liability in this section 5 apply for the benefit of FT, its affiliates, including those listed in section 6 and all of their respective officers, directors, employees, agents or any company who we transfer our rights and obligations to in accordance with these terms and conditions.

6. Corporate Information

6.1. You will be contracting with The Financial Times Limited for any Subscriptions. The Financial Times Limited is the publisher of each Magazine and each Website, and its corporate details are set out at section 1.1.

7. Changes to these Terms and Conditions

7.1. These Terms and Conditions were published on 31 Aug 2023 and replace with immediate effect the Terms and Conditions previously published on 26 May 2023.

7.2. We may update these Terms and Conditions for legal or regulatory reasons, or to reflect changes in our services or business practices. We will provide notice of any significant changes below. You should regularly check this section to see if any changes have been made. If you are a paying subscriber, any changes to our terms and conditions will become effective from the date of your next payment following the change unless we notify you otherwise. If you are not a paying subscriber, any changes will become effective as soon as we post them on the Websites.

8. Law and Jurisdiction

8.1. If you are a user whose principal address or principal use of the Websites occurs in any jurisdiction other than the United States then these Terms and Conditions will be subject to English law. In this case, to the extent possible in the applicable jurisdiction, both you and we agree that the courts of England will (subject to the final paragraph in this section 8) have non-exclusive jurisdiction to settle any dispute which may arise out of, under, or in connection with these Terms and Conditions.

8.2. If you are a user whose principal address or principal use of the Websites occurs in the United States then these terms and conditions will be subject to the laws of the State of New York, without regard to its conflict of laws provisions. In this case, to the extent possible in the applicable jurisdiction, both you and we agree that the courts of the State of New York will (subject to the final paragraph in this section 8) have non-exclusive jurisdiction to settle any dispute which may arise out of, under, or in connection with these Terms and Conditions.

9. General

9.1. We shall have no liability to you for any breach of these Terms and Conditions caused by any event or circumstance beyond our reasonable control including, but not limited to, strikes, lock-outs or other industrial disputes; epidemic or pandemic; breakdown of systems or network access; or flood, fire, explosion or accident.

9.2. You may not license or transfer any of your rights under these Terms and Conditions. We may transfer any of our rights or obligations under these Terms and Conditions to any company within the Financial Times group of companies, but if we do so we will ensure that any company to whom we transfer our rights or obligations will continue to honour your rights under them.

9.3. If any provision of these Terms and Conditions is found to be invalid by any court having competent jurisdiction, the invalidity of that provision will not affect the validity of the remaining provisions of these Terms and Conditions, which will remain in full force and effect.

9.4. Failure by either party to exercise any right or remedy under these Terms and Conditions does not constitute a waiver of that right or remedy. Headings in these Terms and Conditions are for convenience only and will have no legal meaning or effect.

9.5. These Terms and Conditions (together with the documents referred to within these Terms and Conditions including in sections 1.3 and 2.1) constitute the entire agreement between you and the FT relating to your use of the FT Services. They supersede all previous communications, representations and arrangements, either written or oral.

Privacy Policy

To view the privacy policy click here

FT Specialist Copyright Policy

Our terms and conditions set out the detail of what you can and cannot do with our content and all use of the Websites listed in those terms.

This copyright policy summarises how users are permitted to use our content and also explains the types of use that require the purchase of additional licences. Thank you for reading this policy, our ability to invest in high quality journalism depends on our users complying with it. We reserve the right to change our copyright policy from time to time by publishing an updated policy on the FT Websites, which shall become effective and replace any previous policy with effect from publication. This version of the copyright policy was published on 9 June 2023.

What is copyright?

Copyright law gives the copyright owner the exclusive right to control the use of copyright protected works. All of the material published on our Websites and other digital/wireless platforms is protected by copyright law and should only be used as set out in the “How may I use FT Specialist Website content?” section below. Use that is made without our permission may therefore infringe our copyright which can result in personal and corporate liability. Where we state below that something is not allowed or permitted, then to do so is a breach of our terms and conditions, i.e. is a breach of contract, and may also violate copyright law.

How may I use FT Specialist Website content?

You may do the following:

• View our content for your personal use on any device that is compatible with an FT Website (this might be your PC, laptop, phone or other mobile device) and store our content on that device for your personal use;
• Print single copies of articles on paper for your personal use;
• Share links to articles by using the article tools we make available at the foot of each article.

How may I republish or redistribute FT content on an FT Specialist Website?

You may not copy FT content from the Websites or any third party source of FT content such as news aggregators and you may not republish or redistribute full text articles, for example by pasting them into emails or republishing them in any media, including websites, newsletters or intranets. Full text means the whole article.

We recognise that users of the Internet want to share information with others. We therefore permit limited republishing and redistribution of FT content as set out below provided that this does not create a Substitute for FT’s own products or services. We define a Substitute as a product or service that reduces the need for users or other third parties to pay for FT content directly, or which creates revenue from the FT’s content to the detriment of FT’s own ability to generate revenues from that content.

As long as you do not create a Substitute, you may do the following:

• Publish online, the original headline and a link to the article and the first 140 characters of an article (what we call teaser text);
• Forward the original headlines, links and teaser text to other individuals;
• You may download our RSS feeds and view them for your personal use. We currently publish headlines and teaser text within our RSS feeds. You may also make an RSS feed available to third parties, users within an organisation you work for or users of a website that you publish, on condition that you comply with the restrictions set out below.

The restrictions that apply to use of our RSS feeds are that you:

• only publish the feed for access via a web-based browser.
• publish the feed as it is made available on the relevant Website, so that you only include the headline and teaser content, and ensure that the headline links back to the full text article on the Website.
• attribute the feed to FT as “© The Financial Times Limited [year]”.
• do not archive the feed or any of its content.
• comply with our guidelines on usage of logos.

Am I allowed to copy or summarise limited parts of FT full text content?

As specified above you may not republish or redistribute full text articles. You may however republish or redistribute ”Summaries” of FT articles if you comply with the conditions set out below. “Summaries” can be either an “extract” or an “abstract”. By “extract” we mean 30 words copied verbatim from an FT article which are inserted into a longer original work . By “abstract” we mean a 30 word non-verbatim summary of the news or facts reported in an FT article which does not form part of a longer work.

These are the conditions you must comply with in order to produce summaries:

• you source FT as the author of any article from which you have derived a summary by way of an attribution such as “[journalist name] at [name of Website] reported that”, with a hypertext link to the original story published on the relevant Website;
• in the case of abstracts, you make clear that the abstract has been produced by you by stating “this abstract from [name of Website] was produced by [name]”, with a hypertext link to the original story published on the Website;
• you ensure that your summaries do not in whole or in part form a Substitute for FT’s own products and services (see above for how we define Substitute). The more summaries you create the greater the risk of substitution. No individual or organisation may create, republish or redistribute more than ten summaries in aggregate each day, each one sourced from a different article on the same FT Website that is published on the same day you create the summary;
• you do not use or create summaries that promote or endorse any product or service; and
• if FT notifies you that it believes you are creating, republishing or redistributing summaries outside of these parameters, you shall immediately cease doing so and your rights to create summaries shall be regarded as having been withdrawn, unless/until FT reaches an agreement with you regarding your use of FT articles.

Please note that these rights do not extend to content published by FT that we licence from third parties which you may not republish or redistribute.

For fDi Intelligence and The Banker Database, you may download search results provided that you (and any other authorised users of these services) shall not collectively store more than 20% of the contents of any of these databases.

What am I not permitted to do with FT content?

You cannot do anything other than make use of the content as set out above, unless you buy the appropriate licence, see below for details. By way of example only, this means that you cannot:

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FT Specialist comments policy

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Guidelines

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For the full terms and conditions, please see this page

FT Locations: Event Attendee Terms and Conditions

Please read this carefully because it sets out the terms of a legally binding agreement between you and FT. By booking to attend any Event, you confirm that you have read and agree to these terms.

References in these terms to "FT" are to the Financial Times company as set out under "FT contracting entity" in section G, below.

Sections

• A. Booking for Events
• B. Attending Physical Events
• C. Attending Digital Events
• D. Use of Your Details
• E. Terms for Speakers
• F. Limitations on FT's Liability
• G. General Legal Provisions

A. Bookings for Events

Placing bookings

1. The following terms apply whether you are booking to attend an Event in person ("Physical Event") or online ("Digital Event"). Some Events can be attended as either a Physical Event or a Digital Event. Individuals who attend (or register to attend) any Event are referred to in these terms as "Attendees".

2. On booking (or, for group bookings, on registration), you must provide FT with accurate, complete registration information and it is your responsibility to update FT with any changes to that information. FT is entitled to rely on any information you provide to us.

3. Each registration is for a single user only. The email address that you provide on booking and/or registration must correspond to a named email account and not a generic or shared email account. Attendees must be over the age of 18.

Confirmation of bookings

4. All bookings are subject to availability and acceptance by FT, which will be confirmed in writing (including by email) after FT has received the completed registration form (or, for group bookings, the initial booking form), the related fees if required (the "Fees"), and anything else that FT may require.

5. Upon FT's written confirmation to you of its acceptance of your booking for a place at an Event there will be a legally binding contract between FT and you to which these terms apply.

6. FT reserves the right to refuse to accept any booking in its absolute discretion.

6A. Event tickets and/or passes are personal to the individual named in the accompanying registration and may not be resold, transferred or assigned without FT's prior written consent. Any attempt to resell or transfer a ticket or pass in breach of this clause may result in cancellation of the booking and refusal of entry to the Event, without a refund. FT reserves the right to require proof of identity as a condition of entry to the Event.

6B. Some Events have a separate pass eligibility policy that sets out who qualifies for different pass types. Where an Event has such a policy, it is displayed on the homepage of that Event's website. You may be refused access to certain pass types if you do not meet the eligibility criteria set out in that policy.

Digital Services

7. Your email address will comprise your ID ("ID") for logging in to any Digital Services, where "Digital Services" means (a) any digital networking app or other tools provided for use at any Physical Event; and/or (b) any website or app used to host a Digital Event.

8. You are responsible for all use of any Digital Services made by you or anyone else using your ID and for preventing unauthorised use of your ID. In particular, where we provide you with a unique link for logging in to any Digital Services, you should ensure that this is not shared with anyone else, as it will be tied to your ID.

9. If you believe there has been any breach of security such as the disclosure, theft or unauthorised use of your ID or any payment information, you must notify FT immediately by emailing us at ftlocations@ft.com.

Fees

10. Fees for each Event (if applicable) are correct at the time of publication. FT reserves the right to change the Fees at any time but changes will not affect registrations which have already been confirmed by FT. The Fees are payable at the same time as you submit your booking (and in any event must be paid before the earlier of the date: i) you receive your event passes and/or logins for the Event and ii) the Event), by payment card or bank transfer. Should you require an invoice, you must request this promptly in order to meet the above payment dates. You acknowledge that FT cannot guarantee places held on a provisional basis and that places may sell out. Fees shall be paid in full without any set-off, counterclaim, deduction or withholding (other than as may be required by law).

11. The Fees do not include travel to or from the Event or any accommodation costs incurred.

12. Under VAT regulations, Attendees from all countries are required to pay VAT at the applicable rate on all Events taking place in the United Kingdom. For Events in other countries, Attendees are required to pay any VAT, excise duty or other sales tax which is applicable.

Changes, Cancellations and Postponements

13. Whilst our programmes are correct at the time of going to press, in certain circumstances, it may be necessary for FT to alter the content, format, speakers, venue or timing of an Event. All Attendees will be notified of such changes prior to the Event.

14. If you cannot attend an Event for which you have registered, please contact FT as soon as possible (and in any event no later than 24 hours before the Event) at ftlocations@ft.com. FT may, at our absolute discretion, allow a substitute to attend the Event in your place (provided that FT has received the details of that substitute in advance) or allow you to redeem the amount of any paid Fees against the next available Event.

15. If You notify us that You wish to cancel your attendance at a Physical Event for which a Fee is payable, then unless the Fees are being redeemed against the next available event as set out in paragraph 14 above, cancellation charges will apply as follows (please note that refunds may take up to 14 working days):

Physical Events:

Written notice received by us	% of Fee to be charged
More than 30 days prior to the first day of the Event	25%
Within 30 days to the first day of the Event	100%

The refund will be distributed in the same form as the original payment was received (e.g. credit card payment will refund to the same credit card account number), or, if the request for a refund is made 8 weeks or more after your payment, via wire transfer.

16. All Fees for Digital Events are non-refundable, except the circumstances described in paragraph 17 below.

17. FT may in exceptional circumstances need to postpone or cancel an Event, and we will notify you as soon as reasonably practicable of any such postponement or cancellation. If an Event is cancelled, or if an Event is postponed and you cannot attend the rearranged date, we will either mutually agree with you to transfer the Fees to an alternative Event booking or refund any Fees you have paid in advance within 8 weeks (using the original payment method used to pay for the booking or via wire transfer to such other bank account for which details you will provide to us on our request). You agree that FT's liability to you will be limited to the amount of the Fees you have paid and FT will not be liable to you for any expenditure, damage or loss incurred by you as a result of the cancellation or postponement.

18. FT reserves the right to cancel your attendance at the Event and retain any Fees received in respect of your proposed Event attendance if you (or any of the shareholders or directors of the legal entity which you represent) become(s) subject to any Sanction, or continuation of these terms would (in the reasonable opinion of FT) expose FT or any of its affiliated companies to any Sanction, where "Sanction" means any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom, Hong Kong or United States of America.

19. FT may amend or cancel a booking at any time, including (without limitation) if maximum booking numbers (whether limited by person or by company) have been exceeded or if your payment method has been declined. If there is a material change to, or cancellation of, your booking, FT will notify you as soon as reasonably practicable of such amendment or cancellation and FT will refund any Fees you have paid. FT will not be responsible for any costs or expenses you have incurred on the booking in excess of the Fees you have paid. Section F ("Limitations on FT's Liability") applies to this paragraph.

B. Attending Physical Events

Your attendance at the Event

1. Please advise us of any special access or dietary requirements at the time of making your booking for any Physical Event.

2. FT reserves the right, without any liability, to refuse you admission or eject you from any Physical Event for failure to comply with these Terms; or if in FT's opinion you represent a security risk, nuisance or annoyance to the running of the Event. You agree that you will comply with any policies (including regarding health and safety) applicable at the venue.

3. You are responsible for arranging your own appropriate insurance cover in connection with your attendance at any Physical Event. To the maximum extent permitted by law, FT will not be liable for any kind of loss or damage to you or your personal property, unless caused by our negligence.

4. Materials distributed by or on behalf of FT at a Physical Event may not be reproduced without FT's permission and are for your personal use only.

C. Attending Digital Events

Your access to the Event

1. The Digital Event is a web-based event which can be accessed through desktop or mobile devices using the link provided in the confirmation email sent to You. The Digital Event can be accessed live or for a limited time after the Event has taken place.

2. You are solely responsible for ensuring that you have the necessary desktop or mobile equipment and internet connection for accessing the Digital Event.

3. FT reserves the right, without any liability, to refuse you access or eject you from the Digital Event for failure to comply with these Terms; or if in FT's opinion your attendance would be in breach of applicable laws or you represent a security risk, nuisance or annoyance to the running of the Digital Event.

4. Materials distributed by or on behalf of FT in connection with a Digital Event may not be reproduced without FT's permission and are for your personal use only.

Attendee Content

5. A Digital Event may include features allowing Attendees to post questions, comments, messages and other content (together, "Attendee Content").

6. Attendee Content may comprise either:

• (a) Attendee Content that is visible to any Attendee who accesses the Digital Event or any particular session within the Digital Event ("Public Content"); or
• (b) Attendee Content that is visible only to the individual Attendee or Attendees to which it is addressed, using any private messaging functionality within the Digital Event ("Private Content").

7. You must not post, link to or otherwise publish any Attendee Content that:

• is not your own original work or which breaches confidentiality or infringes the copyright or other rights of any third party;
• contains any form of advertising or promotion for goods and services or any spam or other form of unsolicited communication;
• contains any recommendation to buy or not buy a particular share or other investment or which contain confidential information of another party or which otherwise have the purpose of affecting the price or value of any share or other investment;
• is threatening, offensive, libellous, indecent or otherwise unlawful;
• is discriminatory in nature for example, comments which make attacks on the grounds of race, religion, sex, gender, sexual orientation, disability or age;
• personally attacks any Event speaker or any other individual participating in the Event;
• contains software viruses, files or code designed to interrupt, destroy or limit the functionality of the Site, the Digital Event or any computer software or equipment.

8. You acknowledge that FT cannot control the Attendee Content posted by others. So we cannot therefore guarantee the accuracy, integrity or quality of any Attendee Content. Some users may not behave properly and may post Attendee Content that is misleading, untrue or offensive.

9. FT reserves the right to monitor or review any Public Content, though it is not possible for us to fully monitor all Public Content. FT also reserves the right to access and review any Private Content in respect of which any complaint is made by its recipient. FT may remove any Attendee Content that is potentially in breach of these terms. We may also ban an Attendee from posting any further Attendee Content or eject them from the Digital Event.

10. If you post any Public Content, you are granting FT a right (but not an obligation) unlimited in time to publish, re-use, archive, modify, delete or commercially exploit that Public Content in whole or in part as we see fit, without any requirement to pay you for this and with or without attribution or notice to you. This means that you grant us a worldwide, non-exclusive, perpetual, irrevocable, royalty-free licence to use any Public Content you publish in whole or in part in any manner and for any purpose whatsoever and without further obligation to you. You also waive any moral rights that you may have in regard to the Public Content.

D. Use of Your Details, and Photography and Recordings

1. All information received by us from your use of our Digital Services or your attendance at any Event will be used by FT in accordance with our privacy policy. Please read this for details of how we may process your personal data. In particular, FT may contact you as required for the organisation and administration of the Digital Services or any Event.

2. If you provide FT with an email address that will result in any messages FT may send you being sent to you via a network or device operated or owned by a third party (e.g. your employer or colleague) then you promise that you are entitled to receive those messages. You also agree that FT may stop sending messages to you without notifying you.

3. Where an Event is stated (in the booking process of that Event) to have an "Attendee List", this means that the names, job titles and organisations of all registered Attendees at that Event will be included on a list that is provided to speakers, sponsoring companies and (for Physical Events) other Attendees at the Event. You can opt out of being included in the Attendee List by emailing ftlocations@ft.com.

4. For Digital Events, the Attendee List is not made available to Attendees (other than speakers and sponsoring companies, as set out in paragraph 3 above). However, your details may be available to other Attendees if you post Attendee Content, as those terms are defined under "Attendee Content" in section C above.

5. Attendees and any individuals who sign up for a list of organisations who will be at an event must not use the Attendee List and/or the list of the attending organisations, for their own promotional and marketing purposes, for example by using the Attendee List for sending any form of unsolicited communications to other Attendees.

6. FT will only contact you for marketing purposes, and will only pass on your contact details to sponsors for marketing purposes, to the extent that you agree to this (for example, during the booking process for your account or for any Event).

Filming, photographs, livestreams and recordings

7. You must not: (a) make any video or audio recording of an Event longer than 20 seconds; (b) livestream any Event or any session within an Event; (c) use any photographs, recordings or livestreams from an Event for commercial purposes, unless FT has expressly agreed otherwise in writing; or (d) make any photographs, recordings or livestreams of an Event where instructed not to do so (for example, at sessions held under the Chatham House Rule).

8. You acknowledge that any Event, whether a Physical Event or Digital Event, or part of it, may be recorded or photographed by, or on behalf of, FT. You agree that FT, or any third party authorised by FT, may make public, use and create derivative works from such recordings or photographs for any purposes and in any media (including, without limitation, social media), worldwide and forever, at FT's discretion. Such purposes may include (without limitation) advertising, publicity, reporting, education, research, technology development (including training artificial intelligence systems) or any other related activities. If you have any concerns about being included in any photographs or recordings, please inform FT before such photography or recording takes place.

You waive any moral rights you may have in your contribution to the Event, including any right to be identified as the author of your contribution and any right to object to any editing, adaptation or other treatment of your contribution. You agree that FT may edit, adapt, caption, translate, combine, or make excerpts from your contribution, and may use your contribution in whole or in part with other content, in any media and for any purpose connected with the Event or FT's business, without requiring further approval from you.

Badge scanning at Physical Events

9. Your Event badge may contain a barcode or other technology that can be scanned. You may choose whether or not to allow your badge to be scanned. If FT scans your badge, the information collected will be used for operational and analytical purposes (for example, monitoring session attendance, improving Event planning and reporting, and managing logistics) and will be handled in accordance with FT's privacy policy. If you allow a sponsor, exhibitor or another Attendee to scan your badge: (a) you are responsible for informing yourself how that third party will use the personal information (such as your name and contact details) that you provide; (b) your decision to allow scanning overrides any previous choice you made about sharing your information with that third party; and (c) FT is not responsible for how the third party uses your personal information.

E. Terms for Speakers

1. If you are a speaker or moderator at any Event, you acknowledge that any or all of the following may apply to your involvement in the Event:

• You may be recorded and/or photographed during the course of your contribution to, or attendance at, the Event and you agree the provisions of Section D8 will apply.
• FT may share your contact details with other Speakers and/or sponsors for the Event, for purposes relating to your participation in the Event;
• FT may mention you on our social media channels, with or without your photograph;
• You will provide FT with your materials (including any amendments to your materials reasonably requested by the FT) for the Event (including your headshot) before any deadline communicated by FT to you. We may use artificial intelligence, including generative artificial intelligence, to improve the quality of your headshot.

If you have any concerns about any of the above, please speak to your FT contact for the Event.

2. If you are a speaker or moderator at any Digital Event, it is your responsibility to ensure you have the necessary software, equipment and internet access to participate in the Digital Event. Details will be provided of who to contact if you encounter any technical difficulties before or during your participation in the Digital Event.

3. You confirm that your contribution to the Event will comprise your own original content and that you will either own, or have permission to use, any materials you use, distribute or display at the Event (for example, any slides, handouts or other presentation materials) or which you permit FT to use, distribute or display under these Terms.

4. You grant, and you confirm that you have the permission to grant, FT to use (at its option) your organisation's branding or logo in our marketing materials for an Event at which you are a Speaker.

F. Limitations on FT's Liability

Event content

1. In these terms, "Event Content" means any content communicated, supplied, displayed or otherwise made available by us, or by any speakers, at or in connection with any Event. This includes, but is not limited to, any presentations, handouts, slides or audiovisual materials.

2. Event Content is only for your general information and entertainment purposes and is not intended to address your particular requirements. In particular, Event Content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT or by any speaker. It is not intended to be and should not be relied upon by you in making (or refraining from making) any specific investment, purchase, sale or other decisions. Appropriate independent advice should be obtained before making any such decision, such as from a qualified financial adviser.

3. Views expressed by speakers are their own and FT and the speakers disclaim all liability for advice given or views expressed during an Event.

4. Any agreements, transactions or other arrangements made between you and any other Attendee at any Event (or any other user of any Digital Services) are at your own responsibility and entered into at your own risk.

What we promise

5. FT promises to develop and operate any Events and any Digital Services with reasonable skill and care and in accordance with good industry practice and all applicable laws.

What we do not promise

6. FT does not provide any other promises or warranties about any Events, Digital Services or Event Content. Digital Services and Event Content are provided on an "as is" and "as available" basis. This means that FT does not make any promises in respect of any Events or Digital Services or the services and functions available at, on or through any Events or Digital Services or of the quality, completeness or accuracy of any Event Content other than as expressly stated above.

7. The above disclaimers apply equally to your use of any Digital Services and your attendance at any Events. Without limiting the above, FT is not liable for matters beyond its reasonable control. FT does not control third party communications networks (including your internet service provider), the internet, acts of god or the acts of third parties.

Our financial responsibility to you

8. You agree that if we are in breach of these terms, we will only be responsible to you for any damages that you incur arising out of your attendance at any Events or your use of any Digital Services or Event Content (to the extent that FT's liability is not otherwise excluded by this section F) as follows:

• If you incur any loss as a result of attending any Events or using any Digital Services or Event Content outside the scope of these terms, FT accepts no responsibility (liability) to you for this.
• You will be responsible for all claims, liabilities, damages, cost and expenses suffered or incurred as a result of your breach of these terms.
• FT will only be responsible for loss or damage you suffer which is the reasonably foreseeable result of FT's breach of a legal duty of care owed to you, but in no event shall the liability of the FT or its affiliates exceed the amount, if any, paid by you to the FT for the particular Event or Digital Services.
• FT will not be responsible to you for any loss or damage suffered by your business, such as lost data, lost profits or any business interruption or any indirect or consequential loss.

9. The limitations of liability in this section F apply for the benefit of FT, its affiliates, including those listed in the section headed "FT contracting entity" below, and all of their respective officers, directors, employees, agents or any company who we transfer our rights and obligations to in accordance with these terms.

10. FT's liability will not be limited in the case of death or personal injury directly caused by FT's negligence or for any other matters in those countries where it is unlawful for FT to seek to limit such liability.

G. General Legal Provisions

FT contracting entity

1. By booking for any Digital Event, you are entering into a contract with The Financial Times Limited (company number 00227590 registered in England and Wales, with registered office Bracken House, 1 Friday Street, London, EC4M 9BT, United Kingdom).

2. If you book to attend a Physical Event, the FT contracting party depends on where the Physical Event takes place, as follows:

• Americas: F.T. Publications, Inc, whose principal place of business is at 330 Hudson Street, 8th Floor, New York, NY 10013, USA.
• Anywhere else in the world: The Financial Times Limited (company number 00227590 registered in England and Wales, with registered office Bracken House, 1 Friday Street, London, EC4M 9BT, United Kingdom).

Other

4. These terms contain the entire agreement between you and FT.

5. If any provision of these terms is held to be invalid, illegal or unenforceable for any reason by any court of competent jurisdiction, such provision will be severed and the remainder of the provisions will continue in full force and effect as if the terms had been executed with the invalid, illegal or unenforceable provision omitted.

6. Any express or implied waiver to perform any obligations under these terms will not prevent the subsequent enforcement of them.

7. A person who is not a party to these terms has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of these terms.

8. These terms will be governed by English law and you irrevocably submit to the exclusive jurisdiction of the English courts. Nothing in this clause will limit FT's right to take proceedings against you in any other court of competent jurisdiction.

9. If you have any questions about these Terms & Conditions, please contact ftlocations@ft.com.

Changes to these terms

10. These terms were published on 3 February 2026 and apply until these terms are superseded by a new version.

11. FT may update these terms for legal or regulatory reasons, or to reflect changes in our services or business practices. We will provide notice of any significant changes in this section of our terms. You should regularly check this section to see if any changes have been made.