Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Effect of governmental policy and regulationRabobank Group’s businesses and earnings can be affected by the fiscal or other policies and other actions ofvarious governmental and regulatory authorities in the Netherlands, the European Union, the United Statesand elsewhere. Areas where changes could have an impact include, but are not limited to, the monetary,interest rate and other policies of central banks and regulatory authorities, changes in government orregulatory policy that may significantly influence investor decisions in particular markets in which RabobankGroup operates, changes and rules in competition and pricing environments, developments in the financialreporting environment, or unfavourable developments producing social instability or legal uncertainty whichin turn may affect demand for Rabobank Group’s products and services. Regulatory compliance risk arisesfrom a failure or inability to comply fully with the laws, regulations or codes applicable specifically to thefinancial services industry. Non-compliance could lead to fines, public reprimands, damage to reputation,enforced suspension of operations or, in extreme cases, withdrawal of authorisations to operate.In 2008, several large commercial banks and financial institutions in the Netherlands, including ABN AMRO,Fortis Nederland, ING Group and SNS Reaal, received financial support from the Dutch government. Thismay affect the competitive environment in which Rabobank Group operates in the Netherlands.Rabobank Group is subject to capital requirements that could limit its operationsRabobank Group is subject to capital adequacy guidelines pursuant to the Dutch Financial Supervision Act,which provide for a minimum ratio of total capital to risk-adjusted assets. At least half of the total capital mustbe maintained in the form of Tier 1 Capital. Rabobank Group’s failure to maintain its ratios may result inadministrative actions or sanctions against it which may impact Rabobank Group’s ability to fulfil itsobligations under the Notes.Factors which are material for the purpose of assessing the market risks associated with Notes issuedpursuant to the ProgrammeThe Notes may not be a suitable investment for all investorsEach potential investor in the Notes must determine the suitability of that investment in light of its owncircumstances. In particular, each potential investor should:(i)(ii)(iii)(iv)(v)have sufficient knowledge and experience to make a meaningful evaluation of the Notes, the meritsand risks of investing in the Notes and the information contained or incorporated by reference in thisOffering Circular or any applicable supplement;have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of itsparticular financial situation, an investment in the Notes and the impact the Notes will have on itsoverall investment portfolio;have sufficient financial resources and liquidity to bear all of the risks of an investment in the Notes,including Notes with principal or interest payable in one or more currencies, or where the currency forprincipal or interest payments is different from the potential investor’s currency;understand thoroughly the terms of the Notes and be familiar with the behaviour of any relevantindices and financial markets; andbe able to evaluate (either alone or with the help of a financial adviser) possible scenarios foreconomic, interest rate and other factors that may affect its investment and its ability to bear theapplicable risks.15