Legal Disclaimer

Last updated: March 2026

1. No Financial Advice

Biocat aggregates publicly available data and applies quantitative models to generate scores and signals. These outputs:

• Are not recommendations to buy, sell, or hold any security
• Are not personalised investment advice under Directive 2014/65/EU (MiFID II)
• Do not take into account your individual financial situation, risk tolerance, or investment objectives
• Should not be the sole basis for any investment decision

You are solely responsible for your own investment decisions and should consult a qualified, licensed financial advisor before making any trades.

2. No Investment Recommendations (MiFID II)

Under the Markets in Financial Instruments Directive II (Directive 2014/65/EU) and its delegated regulations, Biocat does not provide:

• Investment recommendations as defined in Article 3(1)(35) of MiFID II
• Investment advice as defined in Article 4(1)(4) of MiFID II
• Portfolio management or any regulated investment service

Biocat is not authorised or regulated by the Comissão do Mercado de Valores Mobiliários (CMVM), the Portuguese securities market regulator, nor by the European Securities and Markets Authority (ESMA), nor by any other national competent authority in the EU.

The composite scores generated by Biocat are algorithmic outputs based on publicly available data. They do not constitute "investment research" within the meaning of Article 36 of Commission Delegated Regulation (EU) 2017/565.

3. Market Abuse Regulation (MAR)

Under Regulation (EU) No 596/2014 (Market Abuse Regulation):

• Biocat does not produce or disseminate investment recommendations within the meaning of MAR Article 20
• Users must not use Biocat data or signals to engage in market manipulation (Article 12) or insider dealing (Article 8)
• Any pattern of trading based solely on automated signals that could constitute market manipulation is strictly prohibited

4. Risk Warnings

Past performance is not indicative of future results. Historical backtest data shown on the platform is based on past market conditions that may not recur.

5. Data Accuracy and Limitations

Biocat sources data from publicly available third-party providers including:

• SEC EDGAR (regulatory filings)
• ClinicalTrials.gov (clinical trial data)
• Yahoo Finance and Finnhub (market data)
• openFDA (drug and adverse event data)

While we make reasonable efforts to ensure accuracy, we cannot guarantee that:

• Data is complete, current, or free from errors
• PDUFA dates or trial completion dates are accurate (these are frequently delayed or changed)
• Scores and signals reflect real-time market conditions
• Third-party data sources are available or functioning correctly at all times

Always verify critical information from primary sources before making investment decisions.

6. AI and Algorithmic Outputs

In accordance with the principles of the EU Artificial Intelligence Act (Regulation (EU) 2024/1689):

• Biocat uses AI-powered natural language processing (FinBERT) for sentiment analysis of news headlines
• Composite scores are generated by algorithmic models combining multiple quantitative factors
• These AI-generated outputs are probabilistic estimates, not certainties
• The models may contain biases, produce errors, or fail to account for material information
• Users should exercise their own judgement and not rely solely on AI-generated scores

7. Jurisdiction and Governing Law

Biocat is operated from Portugal and is subject to:

• Portuguese law as the primary governing jurisdiction
• EU regulations with direct effect, including GDPR, MAR, and MiFID II where applicable
• The Portuguese Consumer Protection Act (Lei n.º 24/96) for consumer rights
• The Portuguese Securities Code (Código dos Valores Mobiliários) regarding securities-related disclaimers

Any disputes arising from the use of this platform shall be submitted to the courts of Lisbon, Portugal, without prejudice to any mandatory consumer protection provisions that may grant jurisdiction to the courts of the consumer's place of residence within the EU.

8. Consumer Rights (EU)

Under Directive 2011/83/EU (Consumer Rights Directive) as transposed into Portuguese law (Decreto-Lei n.º 24/2014):

• Free accounts: no financial commitment, you may stop using the service at any time
• Paid subscriptions: you have a 14-day right of withdrawal from the date of subscription, unless you have expressly consented to the immediate provision of digital content and acknowledged the loss of the right of withdrawal
• You may exercise your right of withdrawal by contacting us at the email address below

9. Digital Services Act (DSA)

In compliance with Regulation (EU) 2022/2065 (Digital Services Act):

• Biocat is an information society service provider established in Portugal
• Point of contact for users and authorities: g.cecinelli@gmail.com
• We do not host user-generated content; all data is sourced from public regulatory and financial databases
• Illegal content or misuse of the platform can be reported to the contact email above

10. Limitation of Liability

To the maximum extent permitted by applicable Portuguese and EU law:

• Biocat and its operators shall not be liable for any direct, indirect, incidental, consequential, or special damages arising from your use of the platform
• This includes, without limitation: trading losses, lost profits, loss of data, or damages resulting from reliance on scores, signals, or data provided by the platform
• Our total aggregate liability to you shall not exceed the amount you have paid for the service in the 12 months preceding the claim

Nothing in this disclaimer excludes or limits liability for fraud, gross negligence, or any liability that cannot be excluded under mandatory provisions of Portuguese or EU law.

11. Regulatory Status

12. Changes to This Disclaimer

We may update this legal disclaimer at any time. Material changes will be communicated via the platform. Continued use after changes constitutes acceptance of the updated terms.

13. Contact

Biocat
Operated from Lisbon, Portugal
Legal inquiries: g.cecinelli@gmail.com

See also: Terms of Service · Privacy Policy