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Legal and Compliance

Information about us

Cardano Risk Management Limited is registered in England and Wales number 09050863. Registered office: 9th Floor, 6 Bevis Marks, London EC3A 7BA. Authorised and regulated by the Financial Conduct Authority.  The Financial Conduct Authority can be contacted at Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.  Further contact information can be found at: https://www.fca.org.uk/contact

Any statements made on the suitability of Cardano advisory or delegated solutions or proposed changes to a service being provided by Cardano, are not statements on the suitability of any financial instruments or based on comparison with other solutions available in the market.

When providing advice on financial instruments under an advisory mandate, Cardano provides advice on an independent basis. Cardano considers a broad range of financial instruments that reflects the scope of the advisory services provided and is not restricted to any provider(s). The collective investment schemes that we recommend are subject to our in-house research approach. Advice is, in all instances, based on the Client’s own situation and where it is deemed appropriate a collective investment scheme managed or advised by Cardano may be considered, however, these will not usually be considered as part of our advisory service.

Privacy Notices

Please find below the Cardano and Lincoln Pensions privacy notices in respect of the processing of personal data undertaken as a business and as an employer.

Please click here to download the Cardano privacy notice in respect of clients, business contacts and shareholders.

Please click here to download the Cardano privacy notice in respect of employees and applicants.

Cardano Group Pillar 3 Disclosure October 2020

Please click here to download the full document.

Telephone Call Recording

Cardano records some incoming and outgoing telephone conversations for the purposes of compliance with regulatory requirements. Recordings will take place without warning tones or any other notice. Recordings will be retained for 5 years and will be made available to Clients upon request.

Cardano UK and Lincoln Pensions Modern Slavery Act Transparency Statement

Please click here to access the transparency statement.

Compensation Scheme

The Financial Services Compensation Scheme (“FSCS”) provides compensation to eligible claimants in the event of a default of a regulated firm. This includes upon the default of Cardano. As Cardano only provides services to Professional Clients, clients of Cardano are unlikely to benefit from the FSCS due to not qualifying as an eligible claimant in most circumstances. Clients that may qualify as eligible claimants includes those who receive regulated services from Cardano Risk Management Limited and are a trustee of either a defined contribution pension schemes or a trustee of a defined benefit pension scheme of an employer which is not a large company, large partnership or large mutual association as defined. Further information on eligibility and compensation limits can be found at https://www.fscs.org.uk/what-we-cover/.

Cardano Investment Services Complaints Handling Process

Please click here to download the complaints handling process document.

Order Execution

A summary of Cardano’s Execution Policy as applies to clients of Cardano Risk Management Limited can be downloaded here.

Cardano Risk Management Limited routes all trades undertaken on execution venues (trading venues, systematic internalisers, market makers and other liquidity providers) to Cardano Risk Management BV. A summary of the Execution Policy for Cardano Risk Management BV and details of the execution venues used during the previous calendar year can be accessed here.

Conflicts of Interest Policy Summary

Please click here to download the full document.

Sustainability Policies and Disclosures

Responsible Investment Policy

Cardano incorporates environmental, social and governance (ESG) risks and opportunities into all our investment analysis, decisions and advice. Empirical and academic evidence demonstrates that incorporating ESG risks leads to superior risk adjusted returns. ESG risks and opportunities impact investment strategies in different ways. Cardano incorporates the assessment of ESG risks and opportunities into all our investment activities, with a focus on the strategies for which ESG risks and opportunities have the highest potential impact. For more information on how Cardano assesses, monitors and manages ESG risks and opportunities please see the Cardano sustainability policies below.

Cardano supports the aims of UK and EU policymakers in financing sustainable growth. The Cardano sustainability policies reflect that sustainability is a dynamic concept; with fast-evolving policy change, technology change, and corporate and investment practice. We set out our approach to sustainability through our policies, which will be periodically updated to ensure Cardano is at the forefront of sustainability innovation. In addition, Cardano is developing its approach to positive real-world sustainability impact. This is an emerging area of work in the financial industry, and we encourage feedback from our clients, managers, counterparties and NGOs and we will support industry initiatives to develop meaningful principal adverse impact disclosures.

The Responsible Investment Policy can be found here.

Engagement and stewardship

Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. Once capital has been allocated by asset managers, oversight is achieved through engagement with investee companies which improves corporate governance and drives ongoing stewardship. Cardano Risk Management Limited is a signatory to the Financial Reporting Council Stewardship Code which sets out principles for effective Stewardship. The below report sets out how Cardano Risk Management Limited applies the Code.

The Engagement Policy sets out how Cardano Risk Management Limited promotes and monitors the shareholder engagement activity of managers that are included in the portfolios that Cardano advises on and manages on behalf of clients. This has been produced in line with the requirement of chapter 2.2B of the Conduct of Business Sourcebook of the Financial Conduct Authority Handbook (Shareholder Rights Directive Requirements).

The Stewardship Code Report can be found here.

The Engagement Policy can be found  here.