Conflicts of Interest Policy

Summary

Sporting Index Limited is authorised and regulated by the Financial Conduct Authority to carry out investment business. We provide an ‘execution only’ service to clients who wish to place a sports spread bet. One of the requirements within the scope of our authorisation is to take all reasonable steps to identify conflicts of interest between the firm and a client of the firm; or one client of the firm and another, which arise or may arise within our normal course of business.

Sporting Index Limited pays due regard to the interests of all of its clients and at all times aims to treat them fairly. We will never intentionally put ourselves in a position whereby our interests or our duty to external parties prevents us from discharging our duties to our clients. Conflicts of interest can arise in a variety of circumstances hence; in keeping with the Sporting Index business ethos, we seek to ensure that any potential conflicts of interest which may arise are properly managed. The firm maintains a conflicts of interest policy which is applicable to all directors, employees and any other persons directly or indirectly affiliated to our business.

General

For a conflict of Interest to arise Sporting Index Limited or a linked person or company must benefit and there must be a possible disadvantage to a client. Sporting Index Limited aim to keep a record of the kinds of activity we carry on in which a conflict could arise or has arisen, and, in doing so we take account of the activities of our group companies and employees. Sporting Index Limited maintains procedures to prevent or manage actual or potential conflicts which include, though are not limited to, the following:

  • Employees of Sporting index and their Immediate families are not permitted to maintain personal accounts with the firm.

  • Performance bonuses for Sporting index employees are discretionary and do not precisely correlate with profits generated from profits generated by their activities.

  • Sporting Index employees are prohibited from accepting any gift and/or favour of whatever kind from any client or supplier of the company without the prior written consent of their manager.

  • Sporting Index's Code of Conduct requires employees to disclose the existence of any external activities, relationships or financial interests which may present potential conflicts of interest between the firm and its clients.

where a conflict arises which Sporting Index become aware of, we will make a disclosure to the client concerned prior to providing an investment service. If making a disclosure to the client is deemed inappropriate to manage the conflict, we may decide not to proceed with the investment service or the situation giving rise to the conflict.