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rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S and/or one or more of its non-US affiliates. MLPF&S is the distributor of this research
Page: HOUSE_OVERSIGHT_016194 →curities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch (Turkey |.B.): Merrill Lynch Yatirim Bank A.S., regulated by the Capital Markets Board of Turkey; Merrill Lynch (Turkey Broker): Merrill Lynch Menkul Degerler AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Ly
Page: HOUSE_OVERSIGHT_016194 →rules. Bank of America Merrill Lynch Intemational Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S and/or one or more of its non-US affiliates. MLPF&S is the distributor of this research
Page: HOUSE_OVERSIGHT_026002 →ecurities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch (Turkey I.B.}: Merrill Lynch Yatirim Bank AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (Turkey Broker}: Merrill Lynch Menkul Degerler AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Ly
Page: HOUSE_OVERSIGHT_026002 →Main and Morgan Stanley Private Wealth Management Limited. Niededassung Deutschland. regulated by Bundesanstall fuer Finanzebenstlerstungsaufsichl (BaFin): in Spain by Morgan Stanley. S.V.. S.A.. a Morgan Stanley group company. which is supervised by the Spanish Securities Markets Commission (CNMV) an
d is directed al business customers and market counterparties only and is not intended for Retail Customers as defined by the OFCRA. As required by the Capital Markets Board of Turkey, investment information. comments and recommendations stated here. are not within the scope of investment advisory activity. Investment advisory ser
Entities connected to both BaFin and the Capital Markets Board of Turkey

Frankfurt
LOCATION
United Kingdom
LOCATIONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATIONMerchant Bank
ORGANIZATION
Seoul
LOCATION
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION
the Financial Services Agency
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
Hong Kong
LOCATIONMerrill Lynch KSA Company
ORGANIZATIONthe Capital Market Authority
ORGANIZATION