Conflicts of Interest
Daiwa Securities SMBC Europe Limited (Daiwa) is part of the joint venture between the Daiwa Securities Group Inc and the Sumitomo Mitsui Financial Group and these entities, and their associated companies, provide a broad range of financial services on a global basis. We continue to recognise that in the normal course of our business, circumstances may arise that could result in our interests conflicting with the interest of, or with the duties we owe to, our clients. These could include conflicts between the interests of Daiwa, or other group companies and our clients, or between the interests of different clients.
Daiwa has always sought to ensure that conflicts are identified and managed at an appropriate level. Procedures have therefore been established to protect the interests of our clients and ensure that all parties are treated fairly and reasonably. In particular, arrangements exist to control the flow and use of non-public, price sensitive information and where necessary, we segregate the activities of staff working in areas where conflicts of interest may arise. Where we feel that our procedures in themselves may be insufficient to manage the risk we will look to disclose the potential conflict to our client and obtain their agreement to precede. Ultimately we will decline to act where we feel the risks cannot be managed or mitigated.
The risks and associated controls relating to conflicts of interest have been documented internally and are subject to regular review.
For our Conflicts of Interest Policy relating to research, please see here.
For our Summary of Order Execution Policy, please see here.
