Berenberg Capital Markets LLC

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Berenberg Capital Markets LLC (“BCM”) is a broker dealer registered with FINRA and the SEC (CRD # 156757 / SEC # 68821). BCM is an indirect, subsidiary of Joh. Berenberg Gossler & Co. KG (“Berenberg”) with its principle office in Hamburg, Germany. Berenberg is authorized and regulated by the German Federal Financial Supervisory Authority (BaFin). BCM relies on the “International Dealer” exemption from registration in Canada. Regarding Canadian recipients, the information contained herein is intended exclusively for “permitted clients”, as such term is defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, residing within the Canadian provinces of Alberta, Manitoba, Ontario, Quebec, and New Brunswick.

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Customer information may be disclosed to affiliated companies and third parties where disclosure is necessary to facilitate transactions, such as BCM’s clearing firm, Pershing LLC. BCM may be required to disclose nonpublic information concerning customers to a law enforcement agency, federal or state regulatory agency, or self-regulatory organization, or if required to do so by a court order, judicial subpoena, or regulatory inquiry. Otherwise, BCM does not disclose any other customer nonpublic information to nonaffiliated third parties.

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BCM protects customer nonpublic information from unauthorized access by maintaining physical, electronic, and procedural safeguards that comply with industry standards. Access is limited to those employees who are trained in the proper handling of nonpublic customer information and who need access to the information to perform their job functions. For any questions about BCM’s Privacy Policy, please contact compliance@berenberg-us.com or contact BCM directly at +1 646 949-9000.

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BCM makes a Public Disclosure of statistical measures of execution quality and Order Routing Information (SEC Rule 605 and 606 of Regulation NMS) information is available through TAG by going to following site and selecting “BERENBERG CAPITAL MARKETS, LLC -- bcmx”:

Berenberg Capital Markets LLC 605 and 606 Reporting

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