CIPFA Business Limited is not an authorised person for the purposes of the Financial Services and Markets Act 2000 ("FSMA") and the content of the Treasury Management Network ("TMF") website has not been reviewed, verified or approved by an authorised person within the meaning of FSMA.

The information and opinions set out herein are not intended to form the basis of any investment decision and do not constitute or form part of any investment advice or offer or invitation to engage in any investment activity. The website does not constitute an invitation to effect any transaction with the CIPFA Business Limited or make use of any services provided by the CIPFA Business Limited, nor shall it form the basis of, or be relied upon, in connection with any contract therefor.

The information and opinions contained on the TMN website are provided for personal reference purposes only. No reliance may be placed for any reason whatsoever on the information and opinions contained on the website, or any assumptions made as to its completeness. The information on this website, which includes certain information drawn from public sources, does not purport to be comprehensive, has not been verified or approved and is liable to change at any time. Accordingly, all users of the TMN website, including members of CIPFA Business Limited online services, should obtain appropriate professional advice before making any investment decision.

No undertaking, representation, warranty or other assurance (express or implied) is made or given by or on behalf of the CIPFA Business Limited or any of its directors, officers, employees agents or advisers or any other person as to the accuracy or completeness or fairness of the information or opinions (which should not be relied upon) from time to time contained in this website or for any omission of any material information and no responsibility or liability is accepted by any of them for any such information, opinions or omissions or for any loss howsoever arising, directly or indirectly from any use of this website or its contents, including any link to other sites.

The information and opinions on this website are subject to change from time to time without notice.

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