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Report & Content Disclaimer
Bretalon Ltd, a company registered in England and Wales (company number 16253606), registered office 71-75 Shelton Street, Covent Garden, London WC2H 9JQ.
Last updated: 18 October 2026
1. Scope
This disclaimer applies to every report, analysis, commentary, article and illustration published on bretalon.com by Bretalon Ltd (“we”, “us” or “our”). It forms part of our Terms of Use; where the two differ on a published report, this disclaimer prevails.
2. Regulatory Status: Not Advice, Not a Financial Promotion
Bretalon Ltd is not authorised or regulated by the Financial Conduct Authority (FCA) or any other financial regulator. Our reports are published free of charge to the public in a publication of general and regular circulation, whose principal purpose is news, commentary and analysis on geopolitics, economics, companies and markets, not advising on investments or leading or enabling anyone to buy or sell them. Nothing on this website is, or should be read as:
- Advice on investments, or any other regulated activity under the Financial Services and Markets Act 2000
- An invitation or inducement to engage in investment activity (a financial promotion under section 21 of the Financial Services and Markets Act 2000), or an offer to buy or sell any security or other financial instrument
- Investment research or an investment recommendation within the meaning of the UK Market Abuse Regulation; our reports are not prepared under the rules designed to promote the independence of investment research
- Legal, tax, accounting or other professional advice
Readers outside the United Kingdom: Bretalon Ltd is not registered as an investment adviser or broker with the US Securities and Exchange Commission or with any other securities regulator. Our reports are a bona fide publication of general and regular circulation, not tailored to any reader.
3. Do Not Rely on Our Reports for Decisions
Our reports are written for the public at large, without knowledge of any reader’s circumstances, objectives or risk tolerance. You must not rely on them, in whole or in part, to make investment, financial, business or other decisions. Before any such decision, take independent advice from a suitably qualified professional (for investments, one authorised by the FCA or your local regulator).
4. Point-in-Time Analysis
Each report reflects the information available on its publication date, which is shown on the report. Geopolitical, economic and market conditions change quickly. We do not undertake to update published reports, and they may become out of date.
5. Sources, Accuracy, Fact and Opinion
Our reports draw on publicly available sources, including regulatory filings, official statistics, market data and reputable news reporting, which are cited or linked where relevant. We use automated checks and human review to check factual references as at the date of publication, but AI-assisted drafting and human review can still introduce or miss errors, and we do not audit third-party data or warrant that any report or its sources are accurate, complete or current.
Assessments of geopolitical, economic, corporate, credit and market matters, including views on companies, securities and likely outcomes, are our analytical opinion based on the facts we cite, not statements of verifiable fact. Forward-looking statements are uncertain, and actual outcomes may differ materially.
Links to third-party websites are provided for reference only. We do not control those sites and are not responsible for their content, accuracy or availability.
6. How Our Reports Are Made: AI and Human Approval
Our reports are drafted using an artificial intelligence (AI) system, from researched briefs and the cited public sources, following our editorial standards. The illustration on each report is generated by an AI image model as a conceptual illustration. It is not a photograph and should not be taken as a factual depiction of real people, places or events. No report is published automatically: every report and its illustration is reviewed and approved for publication by a person acting for Bretalon Ltd, which takes editorial responsibility for what we publish. Human review reduces, but cannot remove, the risk of errors or omissions. For details, see our AI Transparency Notice.
7. Who Stands Behind Our Reports
Reports are published by Bretalon Ltd under the “Bretalon Research” name. The views expressed are those of Bretalon Ltd as publisher. They are not written for, on behalf of or with the approval of any client.
8. Interests and Independence
Reports are written for readers, not for the companies they discuss. Bretalon Ltd, its director, the people involved in preparing or approving reports, and our technology provider may hold positions or other financial interests in companies or securities discussed, and individual reports do not disclose such positions. This is one more reason not to rely on any report for an investment decision.
9. No Endorsement
Reference to any company, organisation, government, person, product or service is not an endorsement or recommendation, and does not imply any affiliation, unless the report says so expressly.
10. No Assumption of Responsibility and Limitation of Liability
Because our reports are published free of charge to the public at large, without any subscription, fee or client relationship, Bretalon Ltd, its directors, employees and contributors, the people who review and approve our reports, and our technology provider PureTensor do not assume any duty of care or legal responsibility to any reader for published content or for any use made of it. Subject to the last paragraph of this section, none of them accepts any liability, whether in contract, tort (including negligence or negligent misstatement), misrepresentation or otherwise, for any loss or damage, including investment or financial loss, loss of profit or loss of opportunity, arising from reliance on content published on this website.
If, despite the above, any of them is found liable to you in connection with our published content, the total liability of all of them together is limited to GBP 100. This cap applies separately from, and survives any finding against, the exclusion above.
Each of the persons named in this section may rely on and enforce this section under the Contracts (Rights of Third Parties) Act 1999.
Nothing in this disclaimer excludes or limits liability for death or personal injury caused by negligence, for fraud or fraudulent misrepresentation, or any other liability that cannot be excluded or limited under the laws of England and Wales. If you are a consumer, nothing in this disclaimer affects your statutory rights.
11. Copyright and Permitted Use
Bretalon Ltd or its licensors own the copyright in the text, editing, selection and arrangement of our reports, to the extent the law allows. AI-generated illustrations, and quotations from third parties, may not be protected by copyright or may belong to others. You may read our reports, share links to them, download or print individual reports for your own reference or internal use within your organisation, and quote brief extracts with clear attribution to Bretalon and a link to the report, as the fair dealing exceptions in the Copyright, Designs and Patents Act 1988 allow.
Without our written permission, you must not reproduce, republish, distribute or commercially exploit any report or any substantial part of it, or use any automated tool to scrape, mine or copy our content, including to train or improve AI models. We reserve all text and data mining rights, including under Article 4(3) of Directive (EU) 2019/790, by this notice and by machine-readable means on this website.
12. Corrections, Right of Reply and Complaints
If you believe a report contains a factual error about a company, security or person, or infringes your copyright, trademark or reputation, email [email protected] with the report’s address, what you object to and why. We will review it promptly and correct, clarify or remove material where appropriate.
13. Governing Law
This disclaimer, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or our published content, is governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction. If you are a consumer, this does not deprive you of the protection of the mandatory law of the country where you live, or stop you bringing proceedings in that country’s courts where that law allows. If any part of this disclaimer is found unenforceable, the rest remains in effect.
14. Contact
Questions about our published content: [email protected], or Bretalon Ltd, 71-75 Shelton Street, Covent Garden, London WC2H 9JQ.