Conflict Management Policy
Statement of Policy
The following rule and subsequent policy is to ensure that all investment research
material is defined as objective and impartial in its content unless stated otherwise.
This publication is produced and distributed in accordance with 'COBS 12.2 - Investment
Research' of the FCA Handbook. Should you require further details on this rule please
see www.fca.gov.uk (this will take you out of
the tullett prebon domain).
All published research that is externally distributed will be objective and impartial
in its content.
Any information or facts which would materially affect the research known to the
author at the time that would render the content to be of a non-objective or biased
nature will be disregarded when producing any research.
All authors are directly employed by and represent at all times either Tullett Prebon
(Europe) Limited and Tullett Prebon (Securities) Limited, both of which are authorised
and regulated by The Financial Conduct Authority for the conduct of investment business
in the UK, including the provision of advice on investments.
All authors are obliged to abide by this policy at all times. Any Tullett Prebon
Group Ltd employee giving research and advice, either written or orally, will do
so in the best interests of all Tullett Prebon Group Ltd clients with complete impartiality.
In conjunction with this Conflict Management Policy there currently exists an Independence
Policy to which all authors and brokers adhere so as to maintain clients’ interests
at all times and which they are obliged to be bound by prior to any research being
Any publication produced which does not adhere to the conflict management policy
will be clearly stated as such to the recipient at the time of presentation.
Should you require further information on this policy and what it means for you
then please contact the Tullett Prebon Group Ltd Compliance Department on +44 (0)20
Please note that this is intended for wholesale professional customers only and
Tullett Prebon Group Ltd does not deal for, or advise upon investments for private
clients or individuals.