Conflicts Policy – Introduction
Conflicts policy – As a financial institution, Hantec Global Ltd. (hereafter “HG”) faces actual and potential conflicts of interest from time to time. By identifying the existing and potential conflicts of interest, HG endorses all reasonable steps to establish, implement and maintain an effective conflicts of interest policy to prevent any risk that may damage the interests of our customers.
This statement discloses the conflicts of interest you, as an existing or potential customer, might face when engaging in business dealings with HG; the laws and regulations subject to conflicts of interest that HG is required to comply with; and the policy HG adopts for the aim of preventing and managing the conflicts of interest.
Identification and Examples of Conflicts that might arise
In general, conflicts of interest may be caused by the superior knowledge of employees and the variety of products on offer and may arise between a firm and a customer, or between a customer and another customer.
When a firm provides service to a customer, conflicts of interest may arise in one or more of the following situations when a firm or a relevant person:
In respect to HG, the following is the main conflict of interest that may occur when providing services to our customers.
Laws and Regulations
Conflicts of interests exist in the financial services industry and the Code of Business Conduct issued by the Mauritius Financial Services Commission recognises that whilst situations of conflict of interests must be avoided, in case a conflict arises, customers should be treated fairly. Furthermore, as a licensee of the Mauritius Financial Services Commission under the Securities Act 2005, HG is required to manage the conflicts so that they do not damage the customers’ interest.
Hantec Global Policy
As required by law, HG implements and maintains an effective conflicts of interest policy for the aim of preventing conflicts of interest or potential conflicts of interest from causing a material risk of damage to the interests of customers.
HG keeps records of our business activities so that we can identify any conflict that might arise that would have a material risk of damage to the interests of our customers. HGs’ conflicts of interest policy adopts procedures and measures to manage and control the conflicts of interest identified, including segregation of duties and responsibilities; separate supervision of relevant persons; Personal Account Trading policy, Gifts and Inducement policy, prevention and control of the exchange of information; acting on the best interest of the customers; and in some cases declining to act for a customer or potential customer.
Whilst HG is devoted to implement and maintain our conflicts of interest policy, in some cases, such policy might not be sufficient to prevent risks of damage to the interest of a customer. In such a case, HG shall disclose the general nature and sources of conflicts of interest to the customer so that enables the customer to make an informed decision whether to proceed with the transaction in question.
HG is devoted to provide more services and products to meet our customers’ demand. At the same time, HG frequently reviews and assesses our conflicts of interest policy so that can ensure the adequacy of such policy in compliance with applicable law.
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Hantec Global is a trading name of Hantec Global Ltd. who is authorised and regulated by the Mauritius Financial Services Commission (FSC) in the Republic of Mauritius. License Number: C114013940.