Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Friday 21 January, 2005

Office of Fair Trade

Statement re TV Eye

Office of Fair Trading
21 January 2005

7/05                                                          21 January 2005


TV Eye and its member broadcasters have provisionally agreed to amend certain
arrangements governing the sale of advertising airtime after the OFT put
competition concerns to them.

          TV Eye is owned by ITV, GMTV, Channel 4 and Channel 5. It provides
services to them and a number of smaller broadcasters. The OFT had concerns that
arrangements put in place by TV Eye enable those broadcasters to agree
collectively some of the terms and conditions under which they sell advertising
airtime to media agencies. The OFT was particularly concerned that TV Eye's
member broadcasters, acting through TV Eye:

•      made it more difficult for new media agencies to enter the market by
imposing an unduly strict registration policy

•      collectively agreed and enforced the terms and conditions on which credit
would be granted to media agencies (known as credit listing), without objective

•      collectively set the form of security to be provided by agencies to cover
the risk of them defaulting on their contracts with broadcasters.

The OFT was concerned that, taken together, these practices placed media
agencies in an unduly weak bargaining position with little room for individual
negotiation with the broadcasters, and that this dampened competition between
both media agencies and broadcasters.

The OFT launched its investigation into TV Eye under the Competition Act 1998,
following a complaint by the Institute of Practitioners in Advertising (IPA),
which represents media agencies.  TV Eye is proposing to address the OFT's
concerns by giving formal commitments (see note 3) that it will:

•      verify only that media agencies are bona fide, rather than impose
additional strict registration terms

•      no longer decide on behalf of its member broadcasters whether an
advertising agency does or does not meet collectively agreed creditworthiness
criteria but will simply gather and provide, on request, relevant financial
information and analysis to individual broadcasters to assist them in making
their own commercial decisions

•      reduce the scope of information it collects and shares with member

•      leave it to broadcasters to choose what type of security they wish to use
to cover the risk that an agency defaults

•      ensure that no sales directors of any of the member broadcasters sit on
the TV Eye board.

Welcoming the proposed commitments Sir John Vickers, OFT Chairman, said:

          'The OFT was concerned that, by allowing broadcasters collectively to
agree certain terms and conditions for the sale of advertising airtime, TV Eye
restricted competition between the UK's main terrestrial commercial TV stations.
Media agencies seemed to have little choice but to accept those terms in order
to secure TV advertising for their clients. These revisions will allow a freer,
more competitive environment.'

The OFT will shortly be consulting third parties through publication of a formal
commitments notice, which will set out in more detail how the proposed changes
meet the OFT's competition concerns. Assuming that the consultation process
confirms the OFT's preliminary position, it intends to make a decision to accept
binding commitments and close its file.


1. TV Eye was formed in 2003 to take over certain functions previously
undertaken by ITV Network Limited.

2. The Competition Act 1998 gives the OFT powers to investigate suspected
infringements of the Act's prohibitions (which mirror the EC competition rules:

i) the Chapter I prohibition prohibits agreements between undertakings,
decisions by associations of undertakings or concerted practices which have the
object or effect of preventing, restricting or distorting competition in the UK
(or any part of it) and which may affect trade within the UK (or any part of it)

ii) the Chapter II prohibition prohibits conduct by one or more undertakings
which amounts to the abuse of a dominant position in a market which may affect
trade within the UK (or any part of it).

3.       The Competition Act 1998 has been amended, with effect from 1 May 2004,
to allow the OFT to accept binding commitments from those under investigation.
The formal acceptance of such commitments, which must address the OFT's
competition concerns, requires the OFT to close its investigation into the
conduct addressed by the commitments. The proposed commitments will be open to
consultation before they are accepted by the OFT.

4.       Formal acceptance of commitments means that the OFT will terminate its
investigation into the parties' conduct and will not proceed to a decision. A
commitments decision will not include any statement as to the legality or
otherwise of the parties' actions either prior to acceptance of the commitments
or once the commitments are in place. Accordingly, the offer of commitments does
not necessarily imply acceptance of an infringement on behalf of the parties.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                            

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