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;
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  • 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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Tuesday 13 December, 2005


TV advertising and CRR remedy

Office of Communications
13 December 2005

             Television advertising sales market and the CRR remedy

13 December 2005

Ofcom today set out its approach to the UK television advertising sales market
and the Contract Rights Renewal (CRR) remedy put in place as a condition of the
Carlton-Granada merger to protect the interests of the advertising community
purchasing airtime from ITV plc.

Television advertising sales market

In its conclusions granting regulatory approval for the Carlton-Granada merger,
the Competition Commission suggested that a wider review of the UK television
advertising sales market should be considered. In its Annual Plan for 2005/6,
Ofcom proposed conducting this review.

Ofcom has subsequently undertaken a preliminary analysis of the market. In its
view, the case supporting the need for a full review of the entire market has
not been made. The reasons for this include:

  • Ofcom has received no complaints regarding the operation of the television
    advertising sales market;
  • there is no strong evidence of consumer detriment arising from the
    workings of the market as currently constituted;
  • there have been no calls from either the advertising or the broadcasting
    industries for such a review; and
  • the CRR remedy (of which more below) has a significant effect on the
    market; therefore, in Ofcom's opinion, there would be limited value in a
    wider review prior to any examination of the case for a review of the CRR

Ofcom's regulatory principles state that it will operate under a bias against
intervention and that it will always seek the least intrusive regulatory
mechanisms. Given these and the absence of demands for - or evidence to support
- a review of the television advertising sales market at this time, Ofcom has
removed this proposal from its work plan.

Contract Rights Renewal (CRR) remedy

The CRR remedy was established in October 2003 in acknowledgement of the
potential for the newly-merged Carlton and Granada to exercise significant
influence over the ability of advertisers and media buyers to negotiate
contracts fairly and effectively. ITV plc has given formal undertakings to
comply with the CRR remedy as a condition of regulatory approval for the merger.

The CRR remedy imposes conditions upon ITV plc which are intended to ensure that
advertisers and media buyers are no worse off after the merger than before. It
includes an automatic 'ratchet' - a linkage which reduces the amount advertisers
will have to commit if ITV's audience shrinks. The remedy is overseen by an
independent Adjudicator to ensure that fair competition prevails.

The Office of Fair Trading (OFT) is responsible for the CRR remedy, supported by
Ofcom. The decision as to whether the CRR remedy should be reviewed - and if so,
when - would rest with the OFT. As the sector regulator, Ofcom will continue in
its role of monitoring the CRR remedy and assessing its impact on the wider

ITV1 still has a significant (greater than 40%) share of the television
advertising sales market and may continue to do so in future. Therefore, the
assumption based on current understanding of the television advertising market
is that any request for review and subsequent modification of the CRR remedy
would have to demonstrate, with substantial evidence, that the wider market as a
whole would not be adversely affected by any such modification.

The Office of the Adjudicator (CRR)

The Office of the Adjudicator seeks to ensure that ITV plc responds fairly when
the demands of advertisers or buyers change from time to time. It also
determines the outcome of disputes between the broadcaster and its advertising
customers. In examining a dispute the Office of the Adjudicator has access to
all of ITV plc's contracts and trading information. Its decisions are final and
binding on ITV plc.

The Adjudicator is independent of Ofcom; however Ofcom is responsible for
ensuring the Office of the Adjudicator is able to function according to the
terms of the merger undertakings.

The current Adjudicator David Connolly has decided to step down next year, in
line with his original commitment to spend three deal seasons in the role. He
will continue in post until the end of March 2006. Under the terms of the
Adjudicator's contract, confidentiality and employment restrictions will remain
in place until 2007. The selection process for David Connolly's replacement will
begin in January.

Ofcom Chief Executive Stephen Carter said: 'The airtime sales market is complex,
with multiple players. Our priority is to continue to monitor the CRR remedy and
to work with the OFT in the event of any subsequent review.'

He added: 'I would like to thank David for his work over the last three years.
The role of the Adjudicator is - and will remain - an important part of the


Ofcom is the independent regulator and competition authority for the UK
communications industries, with responsibilities across television, radio,
telecommunications and wireless communications services.

For further details please visit


Ofcom Media Office
[email protected]
(+44) (0)20 7981 3033

                      This information is provided by RNS
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