普通外文研报
UK Housebuilders
研报英文原文证据摘录
UK Housebuilders
Required disclosures
Non-U.S. analyst disclosure
One or more research analysts involved in the preparation of this report (i) may not be registered/qualified as research analysts
with the NYSE and/or FINRA and (ii) may not be associated persons of the RBC Capital Markets, LLC and therefore may not be
subject to FINRA Rule 2241 restrictions on communications with a subject company, public appearances and trading securities
held by a research analyst account.
Conflicts disclosures
The analyst(s) responsible for preparing this research report received compensation that is based upon various factors, including
total revenues of the member companies of RBC Capital Markets and its affiliates, a portion of which are or have been generated
by investment banking activities of the member companies of RBC Capital Markets and its affiliates.
With regard to the MAR investment recommendation requirements in relation to relevant securities, a member company of Royal
Bank of Canada, together with its affiliates, may have a net long or short financial interest in excess of 0.5% of the total issued
share capital of the entities mentioned in the investment recommendation. Information relating to this is available upon request
from your RBC investment advisor or institutional salesperson.
Distribution of ratings
For the purpose of ratings distributions, regulatory rules require member firms to assign ratings to one of three rating categories -
Buy, Hold/Neutral, or Sell - regardless of a firm's own rating categories. Although RBC Capital Markets' ratings of Outperform (O),
Sector Perform (SP), and Underperform (U) most closely correspond to Buy, Hold/Neutral and Sell, respectively, the meanings are
not the same because our ratings are determined on a relative basis.
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