Conflict of interest policy
This Conflicts of Interest Policy (“the Policy”) is provided to you (our Client or prospective Client), pursuant to which Seymour Marketing Limited (“the Firm”) is required to take all reasonable steps to detect and avoid conflicts of interest.
The Firm is committed to act honestly, fairly and professionally and in the best interests of its Clients and to comply, in particular, with the principles set out in the above legislation when providing investment services and other additional services related to such investment services.
The purpose of this document is to set out the Firm’s approach in identifying and managing conflicts of interest which may arise during the course of its normal business activities. In addition, this document identifies circumstances which may give rise to a conflict of interest.
The Policy applies to all its directors, employees, any persons directly or indirectly linked to the Firm (hereinafter called “Related Persons”) and refers to all interactions with all Clients.
3. Identification of Conflicts of Interest
When the Firm deals with the Client, the Firm, an associate or some other person connected with the Firm may have an interest, relationship or arrangement that is material in relation to the Transaction concerned or that it conflicts with the Client’s interest.
While it is not feasible to define precisely or create an exhaustive list of all relevant conflicts of interest that may arise, as per the current nature, scale and complexity of the Firm’s business, the following list includes circumstances which constitute or may give rise to a conflict of interest entailing a material risk of damage to the interests of one or more Clients, as a result of providing investment services:
(a) When the Firm accepts Client Directive in relation to Binary Options, the Firm will be dealing in the types of Binary Options concerned as principal for the Firm’s account.
(b) The Firm may be matching the Client’s Directive with that of another Client by acting on such other Client’s behalf as well as on the Client’s behalf.
(c) The Firm may receive or pay inducements to or from third parties due to the referral of new Clients or Clients’ trading.
To identify different types of conflicts that might arise in the course of providing its Services, and whose existence may harm or otherwise damage one or more Clients’ interests, takes into account, by way of minimum criteria, the question of whether the Firm itself or a Related Person or a person directly or indirectly linked by control to the Firm, is in any of the following situations, as a result of providing investment services or otherwise:
(a) The Firm or a Related Person is likely to make a financial gain or avoid a financial loss at the expense of a Client.
(b) The Firm or a Related Person receives or will receive from a person other than the Client an inducement in relation to a service provided to the Client, in the form of monies, goods or services, other than the standard commission or fee for that service.
(c) The Firm or a Related Person has a financial or other incentive to favor the interest of another Client or group of Clients over the interests of the Client.
(d) The Firm or a Related Person has an interest in the outcome of a service provided to the Client or of a transaction carried out for the Client, which is distinct from the Client’s interest in that outcome.
(e) The Firm or a Related Person carries on the same business as the Client.
4. Procedures and Controls for Managing Conflicts of Interests
In general, the procedures and controls that the Firm follows to manage the identified conflicts of interest include the following measures (list is not exhaustive):
(a) The Firm undertakes ongoing monitoring of business activities to ensure that internal controls are appropriate.
(b) The Firm undertakes effective procedures to prevent or control the exchange of information between Related Persons engaged in activities involving a risk of a conflict of interest where the exchange of that information may harm the interests of one or more Clients.
(c) Measures to prevent or limit any person from exercising inappropriate influence over the way in which the Related Person carries out investment services.
(d) The separate supervision of Related Persons whose principal functions involve providing services to Clients whose interests may conflict, or who otherwise represent different interests that may conflict, including those of the Firm.
(e) Chinese walls restricting the flow of confidential and inside information within the Firm, and physical separation of departments.
(f) Measures to prevent or control the simultaneous or sequential involvement of a Related Person in separate investment services where such involvement may impair the proper management of conflicts of interest.
(g) A policy designed to limit the conflict of interest arising from the giving and receiving of inducements.
(h) Segregation of duties that may give rise to conflicts of interest if carried on by the same person.
(i) Procedures governing access to electronic data.
(j) A “need-to-know” policy governing the dissemination of confidential or inside information within the Firm.
(k) Appointment of Internal Auditor to ensure that appropriate systems and controls are maintained and report to the Firm’s Board of Directors.
(l) Personal account dealing requirements applicable to Related Persons in relation to their own investments.
(m) Establishment of in-house Compliance Department to monitor and report on the above to the Firm’s Board of Directors.
(n) Prohibition on officers and employees of the Firm having external business interests conflicting with the interests of the Firm without the prior approval of the Firm’s board of directors.
(o) Establishment of the “four-eyes” principle in supervising the Firm’s activities.
5. Client’s Approval
By entering into a Client Agreement with the Firm for the provision of Investment Services, the Client is consenting to an application of this Policy on him. Further, the Client approves and authorizes the Firm to deal with the Client in any manner which the Firm considers appropriate, notwithstanding any conflict of interest or the existence of any material interest in a Transaction, without prior reference to the Client.
In the event that the Firm is unable to deal with a conflict of interest situation it shall revert to the Client.
6. Disclosure of Information
If during the course of a business relationship with a Client or group of Clients, the organizational or administrative arrangements/measures in place are not sufficient to avoid or manage a conflict of interest relating to that Client or group of Clients, the Firm will disclose the conflict of interest before undertaking further business with the Client or group of Clients.
7. Amendment of the Policy and Additional Information
The Firm reserves the right to review and/or amend its Policy and arrangements whenever it deems this appropriate without notice to the Client.
If you require any further information and/or have any questions about conflicts of interest, please direct your request and/or questions to support (@) exbino.com