Disclosure

Although Nippon Investment Bespoke Research UK Ltd only produces research on demand from fund managers or those sponsored by corporates listed on the Japanese stock markets, and does not make buy/sell recommendations on stocks covered by our research, we have implemented controls & procedures to ensure that our research is of high quality and in compliance with the Financial Conduct Authority’s (“FCA”) rules and guidance on conflicts of interest which may arise in the production of research. This falls principally into the FCA’s policy on Conduct of Business (“COBS”) part 12 on investment research and non-independent research.

We have identified the main conflicts of interest in relation to investment research, and controls and procedures have been implemented to manage these conflicts in the best interests of our clients.

For more information, please contact: enquiries@nippon-ibr.com