What MiFID II says about information vs. advice
Under MiFID II and the Italian TUF (D.Lgs. 58/1998), investment advice means a personalised recommendation to buy, sell, or hold a specific financial instrument. Providing generic market information, research, or educational content is not advice — provided it is genuinely not personalised to the investor's specific situation. Lucex is structured accordingly.
How Lucex enforces the boundary
Every AI analysis on Lucex ends with a mandatory disclaimer that the content is informational only and does not constitute a buy, sell, or hold recommendation. The AI model is instructed to avoid advisory language in every response. Onboarding requires explicit acceptance of four regulatory points, including acknowledgement that Lucex is not a licensed financial advisor.
What Lucex provides
Lucex provides: public market data (quotes, fundamentals, analyst consensus, 52-week range, news context). It does not provide: personalised portfolio allocation advice, suitability assessments, or any form of investment recommendation. The analysis is the same informational layer you would get from a financial data terminal — contextualised for your specific position, not directed at a decision.
Transparency about what Lucex is not
Lucex is not authorised by Consob, the FCA, or any financial regulatory authority. It is not a registered investment advisor, a licensed broker, or a portfolio manager. If you need personalised investment advice, a qualified financial advisor is the appropriate resource. Lucex gives you better-informed questions to bring to that conversation.