Principle 8 requires Anglo-Suisse Capital Limited to manage conflicts of interest fairly. When the firm has or may have a conflict of interest between itself and a client, or between one client and another client, the firm pays due regard to the interests of each client and manages conflicts of interest fairly.
Anglo-Suisse Capital Limited takes reasonable steps to ensure fair treatment of its clients and discloses the interest to its clients either orally or in writing before it provides advice and is able to demonstrate that the client does not object. When it is not practical for the firm to act as above, it may take steps to ensure fair treatment for its clients by relying on a policy of independence as below.
Anglo-Suisse Capital Limited cannot claim that it gives independent advice if it is likely to have any relationship which may influence it or any of its employees. However, it may be able to do so under the UK Financial Services Authority rules if either the relationship is disclosed to the client or if there is a written independence policy governing employees' behaviour. The firm’s policy on independence is set out below.
Anglo-Suisse Capital Limited holds itself out to clients as providing an independent and impartial service. All employees maintain this independence and disregard any other interest they, Anglo-Suisse Capital Limited or other clients may have when providing advice or in any way communicating with or acting for a client.
Employees disregard any arrangement or interest which is likely to influence in a manner material to the client the advice which the employee gives or the decisions taken. This is observed at all times and all advice and decisions are given without regard to other interests. If any employee believes his independence is compromised, he does not continue in his duties until the situation has been discussed with the Compliance Officer.
In a particular case, Anglo-Suisse Capital Limited may be required to consider taking other steps, such as specific disclosure. An employee should consult with the Compliance Officer if he considers a conflict of interest or a material interest is involved.