Regulatory Disclosures
Introduction
Regulatory Context
In accordance with MIFIDPRU 8, the regulatory aim of this disclosure is to enable stakeholders and market participants to have an insight into how Signal Capital Partners Limited (“Signal Capital” or the “Firm”) is run. They should also aim to help stakeholders make more informed decisions about their relationship with the Firm.
Frequency
This Disclosure covers the period 1st January 2022 to 31st December 2022, and subsequent updates will be made on at least an annual basis as of the Accounting Reference Date (“ARD”), which is 31st December each year, and will be publicly disclosed when the Firm files its financial statements with Companies House.
The Firm may choose, at its own discretion, to make more frequent public disclosures where a particular circumstance requires this in the opinion of the Firm’s management.
Proportionality
The level of detail provided in the qualitative disclosures is proportionate to the size and internal organisation of the Firm and also proportionate to the nature, scope and complexity of the Firm’s business activities. This disclosure has been made in line with the requirements which apply to Signal Capital as a MIFIDPRU Investment Firm, which is categorised as a Small and Non-Interconnected (“SNI”) firm with no Additional Tier 1 Capital in issue.
Changes to Information disclosed
This is the Firm’s first Disclosure under MIFIFPRU 8.
Therefore, there are no significant changes or amendments for Signal Capital to disclose.
Verification
The information contained in this document has not been audited by the Firm’s external auditors, as this is not a requirement, and does not constitute any form of financial statement and must not be relied upon in making any judgement on the Firm.
Background
Signal Capital is incorporated in the UK and is authorised and regulated by the FCA. The Firm is a CPMI firm (a full-scope Alternative Investment Fund Manager (“AIFM”), with MiFID top-up permissions). As a SNI MIFIDPRU Investment Firm that has no Additional Tier 1 instruments in issue, the Firm is only required to disclose its remuneration policies and practices, as per MIFIPRU 8.1.
These disclosures are made by the Firm on a solo basis as required by MIFIDPRU 8.1.7R.