Skip to content Skip to footer
Close

Terms of Service

Effective Date:  September 27, 2025
Last Updated:  November 05, 2025

Section 1: Introduction and Acceptance of Terms

1.1. Binding Agreement

These Terms of Service (“Terms”) constitute a legally binding and enforceable contract between any person or entity who accesses, browses, or otherwise uses the website (“User,” “you,” or “your”) and AIM Investment Fund S.A. (“Company,” “we,” “us,” or “our”). By accessing, browsing, or using the website located at www.aimifsa.com and all associated pages and subdomains (collectively, the “Website”), you acknowledge that you have read, understood, and unconditionally agree to be bound by these Terms and all documents incorporated by reference, including our Privacy Policy. If you do not agree to these Terms, you must immediately cease all use of the Website.

1.2. Parties to the Agreement

The parties to this agreement are:

  • AIM Investment Fund S.A., a public limited company (Spółka Akcyjna) duly incorporated and existing under the laws of the Republic of Poland, with its registered office at al. Jana Pawła II 27, 00-867 Warsaw, entered into the Register of Entrepreneurs of the National Court Register kept by the District Court for the Capital City of Warsaw in Warsaw, 13th Commercial Division, under number KRS: 0001179767, with tax identification number (NIP): 5833315173, and REGON: 380822590. Share capital: PLN 7,122,500.00, paid in full.
  • The User, being any natural person of legal age and capacity or any legally constituted entity that accesses or uses the Website.

1.3. Scope and Applicability

These Terms govern your access to and use of the Website, including any and all content, data, information, reports, graphics, features, functionality, and services offered on or through the Website (collectively, the “Services”). These Terms apply to all visitors, users, and others who wish to access or use the Service.

1.4. Revisions to Terms

The Company reserves the right, at its sole and absolute discretion, to amend, modify, supplement, or replace these Terms at any time. Any such changes will be effective immediately upon posting the revised version on the Website. The date of the most recent revision will be indicated at the top of this page as the “Last Updated” date. Your continued use of the Website following the posting of any changes constitutes your unconditional acceptance of the revised Terms. It is your sole responsibility to review these Terms periodically for changes. The Company is not obligated to provide you with direct notice of any changes.

Section 2: Definitions

For the purposes of these Terms of Service, the following capitalized terms shall have the meanings ascribed to them below. The precise definition of these terms is critical for legal clarity and the unambiguous interpretation and enforcement of this agreement.

  • “Content” means any and all information, data, text, articles, reports, software, musical or audible content, sound recordings, photographs, graphics, video, messages, tags, or other materials displayed on, contained in, or made available through the Website.
  • “Intellectual Property Rights” includes, without limitation, all patents, copyrights, moral rights, trademarks, trade names, service marks, trade secrets, and any other form of proprietary or industrial rights, and any applications or registrations for any of the foregoing, recognized in any jurisdiction, including the Republic of Poland and under international conventions.
  • “Professional Client” means a client meeting the criteria laid down in Annex II to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (MiFID II), as transposed into the applicable laws of the Republic of Poland.
  • “Retail Client” means a client who is not a Professional Client.
  • “Services” refers to the provision of information and Content related to the Company, its investment strategies, its funds, and its general market commentary via the Website.

Section 3: Access to and Use of the Website

3.1. Permitted Use

Subject to your full and ongoing compliance with these Terms, the Company grants you a limited, non-exclusive, non-transferable, non-sublicensable, and revocable license to access and use the Website and its Content solely for your personal, non-commercial, and informational purposes. This license is contingent upon your adherence to all restrictions and obligations set forth in this agreement and can be terminated by the Company at any time, for any reason, without notice.

3.2. User Eligibility

The Website is intended for use by individuals who are at least 18 years of age or the age of legal majority in their jurisdiction of residence. By accessing or using the Website, you represent and warrant that you are of legal age to form a binding contract with the Company and meet all of the foregoing eligibility requirements. If you do not meet these requirements, you must not access or use the Website. The Company makes no representation that the Content on the Website is appropriate or available for use in all jurisdictions.

3.3. Prohibited Activities

As a condition of your use of the Website, you agree not to engage in, and not to permit any third party to engage in, any of the following prohibited activities:

  • Legal and Regulatory Violations: Using the Website or its Content for any purpose that is fraudulent, unlawful, or prohibited by these Terms, or to solicit the performance of any illegal activity or other activity which infringes the rights of the Company or others. This includes, but is not limited to, violating any applicable local, national, or international laws and regulations, including those of the Republic of Poland and the European Union.
  • Intellectual Property Infringement: Reproducing, distributing, modifying, creating derivative works of, publicly displaying, publicly performing, republishing, downloading, storing, or transmitting any of the Content on our Website, except as expressly permitted herein. This includes deleting or altering any copyright, trademark, or other proprietary rights notices from copies of materials from this site.
  • Technical Abuse and Interference: Using any robot, spider, scraper, or other automated device, process, or means to access the Website for any purpose, including monitoring, data mining, or copying any of the material on the Website, without our prior express written consent. Knowingly introducing any viruses, trojan horses, worms, logic bombs, or other material that is malicious or technologically harmful. Attempting to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Website, the server on which the Website is stored, or any server, computer, or database connected to the Website.
  • Commercial Misuse: Using the Website or its Content for any commercial purpose, including selling, reselling, or leasing access to the Website or its Content, without the Company’s express prior written consent.
  • Misrepresentation and Unlawful Content: Providing any content that is illegal, false, misleading, defamatory, or obscene. Impersonating or attempting to impersonate the Company, a Company employee, another user, or any other person or entity.
  • Disruptive Conduct: Engaging in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Website, or which, as determined by us, may harm the Company or users of the Website or expose them to liability. 
Category of Prohibition Specific Examples of Prohibited Actions
Legal & Regulatory Violations Using the Website in connection with fraud, money laundering, market manipulation, or any other activity deemed illegal under Polish or EU law.
Intellectual Property Infringement Copying, framing, or scraping proprietary market analysis, reports, logos, or data without explicit written permission.
Technical Abuse & System Interference Launching denial-of-service attacks, hacking or attempting to hack the Website's servers, introducing malware, or using automated bots for data extraction.
Commercial Misuse & Exploitation Reselling data obtained from the Website, using the Website to advertise or solicit for any other service, or otherwise exploiting the Content for commercial gain.
Misrepresentation & Harmful Conduct Posting false information, impersonating Company personnel, or engaging in any activity that could damage the Company's reputation or expose it to liability.

Any use of the Website not expressly permitted by these Terms is a breach of this agreement and may violate copyright, trademark, and other laws. In the event of such a breach, your right to use the Website will terminate immediately and automatically.

Section 4: Intellectual Property Rights

4.1. Ownership

The Website and its entire Content, features, and functionality—including but not limited to all information, software, code, text, displays, images, video, and audio, as well as the design, selection, and arrangement thereof—are the exclusive property of the Company, its licensors, or other providers of such material. These assets are protected by the laws of the Republic of Poland and international laws governing copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights. You acknowledge that you do not acquire any ownership rights by using the Website or its Content.

4.2. Trademarks

The Company name, “AIM Investment Fund S.A.,” the Company logo, and all related names, logos, product and service names, designs, and slogans are trademarks of the Company or its affiliates or licensors. You must not use such marks without the prior express written permission of the Company. All other names, logos, product and service names, designs, and slogans on this Website are the trademarks of their respective owners.

4.3. Restrictions on Use of Content

These Terms permit you to use the Website for your personal, non-commercial, informational use only. You are expressly forbidden from engaging in any of the following without prior written authorization from the Company:

  • Reproducing, distributing, modifying, creating derivative works of, publicly displaying, publicly performing, republishing, downloading, storing, or transmitting any of the Content.
  • Using any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text.
  • Modifying copies of any materials from this Website.

An exception is made for the incidental caching of files by your web browser for display enhancement purposes and for printing or downloading a single copy of a reasonable number of pages of the Website for your own personal, non-commercial use and not for further reproduction, publication, or distribution. If you breach these terms, your right to use the Website will cease immediately and you must, at our option, return or destroy any copies of the materials you have made. No right, title, or interest in or to the Website or any Content on the Website is transferred to you, and all rights not expressly granted are reserved by the Company.

Section 5: Regulatory Disclosures and Disclaimers

THIS SECTION CONTAINS IMPORTANT INFORMATION REGARDING THE REGULATORY STATUS OF THE CONTENT ON THIS WEBSITE. IT IS CRUCIAL THAT YOU READ AND UNDERSTAND THESE DISCLOSURES.

5.1. No Offer to Buy or Sell Securities

THIS WEBSITE AND THE INFORMATION CONTAINED HEREIN DO NOT CONSTITUTE AN OFFER WITHIN THE MEANING OF ARTICLE 66 OF THE POLISH CIVIL CODE OF 23 APRIL 1964 (JOURNAL OF LAWS NO. 16, ITEM 93, AS AMENDED). THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR PURCHASE, NOR A SOLICITATION OF AN OFFER TO SELL OR PURCHASE, ANY SECURITIES IN ANY JURISDICTION. THE CONTENT HEREIN IS NOT, AND DOES NOT FORM PART OF, ANY OFFER, INVITATION, OR INDUCEMENT TO SUBSCRIBE FOR SECURITIES AND MAY NOT BE USED AS A BASIS FOR MAKING ANY DECISIONS REGARDING CONTRACTS OR COMMITMENTS. The information provided is for informational purposes only and should be considered an invitation to engage in discussions, not a binding offer.

5.2. No Investment, Legal, or Tax Advice

THE INFORMATION ON THIS WEBSITE DOES NOT CONSTITUTE INVESTMENT, LEGAL, OR TAX ADVICE. The Content is general in nature. Nothing on this Website constitutes professional and/or financial advice, nor does any information on the Website constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. IN MATTERS RELATED TO THE CONTENT OF THIS WEBSITE, INDIVIDUALS AND/OR ENTITIES SHOULD SEEK THE ADVICE OF THEIR OWN PROFESSIONAL INVESTMENT, LEGAL, AND TAX ADVISORS. You are solely responsible for your own investment research and decisions and should not rely on this Website as the primary basis for such decisions.

5.3. Jurisdictional and Distribution Restrictions

THE INFORMATION HEREIN IS NOT DIRECTED AT, AND IS NOT FOR USE BY, RESIDENTS OR ENTITIES DOMICILED IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES, AND THE DISTRICT OF COLUMBIA) OR IN ANY OTHER JURISDICTION WHERE MAKING SUCH INFORMATION AVAILABLE WOULD VIOLATE APPLICABLE LAWS OR REGULATIONS OR WOULD REQUIRE REGISTRATION. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

5.4. Regulatory Status and Marketing in Poland

IN ACCORDANCE WITH ARTICLE 70F OF THE POLISH ACT ON INVESTMENT FUNDS AND MANAGEMENT OF ALTERNATIVE INVESTMENT FUNDS OF 27 MAY 2004 (AS AMENDED), THE COMPANY’S PARTICIPATION RIGHTS MAY BE MARKETED IN THE TERRITORY OF THE REPUBLIC OF POLAND:

  1. A) AMONG PROFESSIONAL CLIENTS, AND
  2. B) AMONG RETAIL CLIENTS – ONLY IF SUCH PARTICIPATION RIGHTS ARE SECURITIES SUBJECT TO A PUBLIC OFFERING, WITH THE EXCEPTION OF A PUBLIC OFFERING THAT DOES NOT REQUIRE THE PREPARATION OF A PROSPECTUS PURSUANT TO ARTICLE 1(4)(B) OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL.

5.5. Accuracy of Information and Responsibility

THE MANAGEMENT OF THE COMPANY ACCEPTS RESPONSIBILITY FOR THE ACCURACY AND COMPLETENESS OF THE INFORMATION CONTAINED HEREIN AS OF THE DATE OF ITS PUBLICATION. TO THE BEST OF THE MANAGEMENT’S KNOWLEDGE, THIS INFORMATION IS IN ACCORDANCE WITH THE FACTS, AND NO FACTS HAVE BEEN OMITTED THAT COULD MATERIALLY AFFECT ITS CONTENT. HOWEVER, THE INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. THE COMPANY IS UNDER NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS OR OTHER INFORMATION CONTAINED ON THE WEBSITE. INTERESTED PARTIES ARE ENCOURAGED TO INDEPENDENTLY VERIFY THE CURRENCY AND ACCURACY OF ALL INFORMATION.

Section 6: General Investment Risk Warnings

Investing in financial markets involves substantial risk. Before making any investment decision, you should carefully consider your investment objectives, level of experience, and risk appetite. The following is a non-exhaustive list of general risks associated with the types of investments that may be discussed on this Website.

  • Past Performance: Past performance is not a reliable indicator or guarantee of future results. There can be no assurance that any investment will achieve its objectives or that investors will receive a return of their capital.
  • Risk of Loss: The value of investments and the income derived from them can fall as well as rise. Market and currency fluctuations may cause the value of investments to go down, and investors may not get back the amount originally invested. Loss of the entire principal amount is possible.
  • Market and Currency Fluctuations: Investments may be subject to significant market volatility. If an investment is denominated in a currency other than your own, changes in exchange rates may have an adverse effect on the value, price, or income of the investment.
  • Specific Risks of Alternative Investments: Investments in alternative investment funds, as may be discussed herein, are speculative and involve a high degree of risk. Such investments are often illiquid, may be subject to long holding periods, and are suitable only for sophisticated investors who can afford the loss of their entire investment. Strategies may involve the use of leverage, which can accentuate both gains and losses.
  • Other Risks: Investments are also subject to various other risks, including but not limited to liquidity risk, credit risk, counterparty risk, concentration risk, and operational risk.

Section 7: Disclaimer of Warranties and Limitation of Liability

7.1. Disclaimer of Warranties

THE WEBSITE AND ITS CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, THE COMPANY, ON BEHALF OF ITSELF AND ITS AFFILIATES, LICENSORS, AND SERVICE PROVIDERS, EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, WITH RESPECT TO THE WEBSITE, INCLUDING, BUT NOT LIMITED TO, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.

THE COMPANY DOES NOT WARRANT THAT: (A) THE WEBSITE WILL BE SECURE, ERROR-FREE, OR UNINTERRUPTED; (B) THE WEBSITE, ITS SERVERS, OR ANY E-MAILS SENT FROM OR ON BEHALF OF THE COMPANY ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; (C) THE CONTENT IS ACCURATE, COMPLETE, RELIABLE, OR CURRENT; OR (D) THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. YOU ACKNOWLEDGE THAT YOU ARE USING THE WEBSITE AT YOUR OWN RISK.

7.2. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY, ITS AFFILIATES, OR THEIR RESPECTIVE LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEBSITE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE WEBSITE, OR SUCH OTHER WEBSITES. THIS LIMITATION INCLUDES ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE.

THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

Section 8: Indemnification

You agree to defend, indemnify, and hold harmless the Company, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any and all claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or relating to your violation of these Terms of Service or your use of the Website, including, but not limited to, any use of the Website’s Content, services, and products other than as expressly authorized in these Terms of Service. This indemnification obligation will survive the termination of these Terms and your use of the Website.

Section 9: Third-Party Links

The Website may contain links to third-party websites, services, or resources that are not owned or controlled by the Company. The Company provides these links only as a convenience and does not endorse, approve, or assume any responsibility for the content, privacy policies, or practices of any third-party websites or services. You acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such websites or services. You access any third-party websites at your own risk and should apply a suitable level of caution and discretion in doing so.

Section 10: Governing Law and Dispute Resolution

10.1. Governing Law

THESE TERMS OF SERVICE AND ANY DISPUTE, CONTROVERSY, PROCEEDINGS OR CLAIM OF WHATEVER NATURE ARISING OUT OF OR IN ANY WAY RELATING TO THEM, THEIR FORMATION, OR THEIR SUBJECT MATTER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE REPUBLIC OF POLAND, WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THOSE OF THE REPUBLIC OF POLAND.

10.2. Jurisdiction

You irrevocably agree that the competent courts of the Republic of Poland shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with these Terms of Service or their subject matter or formation. By using this Website, you waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.

Section 11: Miscellaneous Provisions

11.1. Entire Agreement

These Terms of Service, together with our Privacy Policy, constitute the sole and entire agreement between you and AIM Investment Fund S.A. with respect to the Website and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to the Website.

11.2. Severability

If any provision of these Terms of Service is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent necessary such that the remaining provisions of the Terms will continue in full force and effect.

11.3. Waiver

No waiver by the Company of any term or condition set forth in these Terms of Service shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition. Any failure of the Company to assert a right or provision under these Terms of Service shall not constitute a waiver of such right or provision. A waiver is only effective if it is in writing and signed by a duly authorized representative of the Company.

11.4. Contact Information

All feedback, comments, requests for technical support, and other communications relating to the Website should be directed to the Company via the following channels:
AIM Investment Fund S.A.
al. Jana Pawła II 27, 00-867 Warsaw
contact@aimifsa.com