ICAP Terms of Business & Financial Regulation

ICAP Group
ICAP Compliance Contacts
ICAP Group Companies Regulated in the EU
ICAP Anti-Money Laundering/Financial Crime Policy Statement
ICAP Multilateral Trading Facility(MTF)- Market Identifier Code(MIC)
ICAP Execution Policy ("the Policy") effective 1 October 2009
ICAP Order Handling Policy effective 1 October 2009
ICAP Execution Venues
ICAP Group Terms of Business EMEA & Asia effective 21 November 2008
ICAP Equities Terms of Business effective March 2009
ICAP WCLK Service Description effective Dec 2009
ICAP Broking Practices – EMEA & Asia
ICAP Disclaimers
ICAP Conflicts of Interest Policy
ICAP Conflicts of Interest Management Policy - Equities Division
ICAP Regulatory Factsheet for Fund and Portfolio Managers
Electronic Broking Data
Important Legal Notice Concerning the Receipt from ICAP of Pricing Data
ICAP Business Continuity Management (BCM) Programme


ICAP Group

ICAP plc is the holding company of ICAP Group.

The majority of ICAP Group operating companies are licensed by financial services regulators in the jurisdictions they operate in around the world.

ICAP companies are licensed and regulated by the following authorities:

Europe

UK Financial Services Authority
Danish Finanstilsynet
German Bundesanstalt für Finanzdienstleistungsaufsicht
Polish Financial Services Commission
Financial Supervisory Authority of Norway (Finanstilsynet)
Comision Nacional del Mercado de Valores (CNMV)
The Netherlands Authority for Financial Markets (AFM)


Africa

Reserve Bank of South Africa
Bond Exchange of South Africa

Americas

Chicago Mercantile Exchange/Chicago Board of Trade
Financial Industry Regulatory Authority
US National Futures Association
US Securities and Exchange Commission
Brazilian Securities and Exchange Commission (CVM)
Central Bank of Brazil (BACEN)
Brazilian Commodities, Futures and Stock Exchange (BM & FBOVESPA)

Asia Pacific

Australian Securities and Investments Commission (ASIC)
Australian Stock Exchange (ASX)
China Banking Regulatory Commission (CBRC)
Financial Market Department of PBC (FMD) (China)
Shanghai Administration of Foreign Exchange (SAFC)
Hong Kong Monetary Authority
Securities and Futures Commission (SFC) (Hong Kong)
Securities and Exchange Board of Indiea (SEBI)
The National Stock Exchange of India Ltd (NSE)
Bank of Indonesia
Financial Service Agency (Japan)
Ministry of Strategy and Finance (MOSF) (South Korea)
Bank of Korea (BOK)
Financial Supervisory Commission (FSC) (South Korea)
Financial Supervisory Service (FSS) (South Korea)
Bank Negara Malaysia
Securities Commission (Malaysia)
The Securities Commission (New Zealand)
Securities and Exchange Commission (Philippines)
Monetary Authority of Singapore (MAS)
Central Bank of China
Ministry of Commerce (Thailand)
Securities and Exchange Commission (Thailand)

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ICAP Compliance Contacts

Europe, Middle East and Africa

General Counsel, Europe
ICAP
2 Broadgate
London
EC2M 7UR
United Kingdom

+44 (0)20 7000 5000

Americas

General Counsel, Americas
ICAP
Harborside Financial Center
1100 Plaza Five
12th Floor Jersey City
New Jersey 07311 4996
United States of America

+1 212 341 9900

Asia Pacific

General Counsel, Asia Pacific
ICAP (Hong Kong) Limited
29th floor, The Center
99 Queen's Road, Central
Hong Kong
China

+ 852 2532 0888

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ICAP Group Companies Regulated in the EU

The following firms are regulated by various EU regulators. These details might be useful to those wishing to carry out ‘Know Your Customer’ checks upon ICAP firms based in the EU only. For more information or assistance please contact newaccounts@icap.com

This information also satisfies certain requirements under FSA Rules regarding the European Directive.

ICAP GROUP COMPANYADDRESSUK FINANCIAL SERVICES AUTHORITY
REGISTRATION
NUMBER ONLY 		UK VAT No. ONLY
ICAP Electronic Broking Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 191757 GB 672 5119 35
ICAP Futures LLC (London Branch of US entity) 2 Broadgate
London
EC2M 7UR
United Kingdom		 221240 GB 672 5119 35
ICAP Shipping Derivatives Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 175742 GB 672 5119 35
ICAP WCLK Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 124341 GB 672 5119 35
ICAP Securities USA LLC (London Branch of US entity) 2 Broadgate
London
EC2M 7UR
United Kingdom		 178855 GB 672 5119 35
ICAP Securities Limited (including Divisions ICAP Equities and ICAP Futures) 2 Broadgate
London
EC2M 7UR
United Kingdom		 124520 GB 672 5119 35
ICAP Energy Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 161196 GB 672 5119 35
ICAP Europe Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 188984 GB 672 5119 35
ICAP Shipping Tanker
Derivatives Limited		 2 Broadgate
London
EC2M 7UR
United Kingdom		 161197 GB 672 5119 35
ICAP Poland Sp z.o.o Sienna Center
7th Floor
Ul Sienna 73, 00-833
Warsaw
Poland		 N/A
ICAP Scandinavia A/S Rentemestervej 14, DK-2400 Copenhagen NV
Denmark		 N/A
ICAP Deutschland GmbH Stephanstrasse 3 60313 Frankfurt am Main Germany N/A

My Treasury Limited 2 Broadgate
London
EC2M 7UR
United Kingdom		 472944 GB 672 511935

ICAP Energy
AS		 Storeveitvegen 96
Bergen 5072
Norway
 971072032
ICAP Energy
AS
 Teleport Towers
7th Floor
Kingsfordweg 151
1043 GR Amsterdam
The Netherlands
 N/A
ICAP Energy
AS		 Avenida de la Vega 1
Edificio , Planta 3, Office 15
28108 Alconedas
Madrid
Spain
 N/A
 The Link Asset & Securities Co Ltd  2 Broadgate
London
EC2M 7UR
United Kingdom		  186764
 GB675511935



The Financial Services Authority registration numbers given above are in the public domain and can easily be verified by using FSA’s register at: http://www.fsa.gov.uk/Pages/register/

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ICAP Anti-Money Laundering/Financial Crime Policy Statement

ICAP is committed to the prevention of financial crime such as money laundering and the funding of terrorist activity. Through risk-based internal procedures, policies, systems and controls, ICAP strives to ensure that high standards of crime prevention and awareness are maintained by its management and staff around the globe.

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ICAP Multilateral Trading Facility (MTF) – Market Identifier Code (MIC)

Company Name MIC Code Name of Trading Facility Products
ICAP Electronic Broking Limited BTEE BrokerTec platform OTC US Treasury, European Government Bond, UK Gilts
ICAP Energy Limited ICEN Trayport platform OTC Commodity Derivatives (both physical and swaps)
ICAP Europe Limited ICAP ISWAP platform OTC Interest Rate Swaps
ICAP Shipping Tanker Derivatives Limited ICAT Trayport platform Wet Forward Freight Agreements
ICAP Securities Limited ICSE ETC/BrokerTec platform OTC Eurobonds
OTC Credit Default Swaps
ICAP WCLK Limited WCLK WCLK platform OTC UK Gilts
My Treasury Limited MYTR MyTreasury platform MMF for Treasury Cash Management

ICAP Execution Policy ("the Policy") effective 1 October 2009



Download ICAP Execution Policy ("the Policy") effective 1 October 2009 (PDF, 128KB)


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ICAP Order Handling Policy effective 1 October 2009



Download ICAP Order Handling Policy effective 1 October 2009 (PDF, 128KB)


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ICAP Execution Venues

The ICAP Execution and Order Handling Policy sets out the arrangements that ICAP has put in place to meet its obligations under the Markets in Financial Instruments Directive (MiFID) to provide professional clients with best execution within the liquidity pools available to it.

ICAP has access to the following Exchanges and external MTF’s:

Equities

  • American Stock Exchange
  • Athens Stock Exchange
  • Australian Stock Exchange
  • Bolsas y Mercados Españoles (BME) Madrid
  • Borsa Italiana (Milan Stock Exchange)
  • Budapest Stock Exchange
  • Bulgarian Stock Exchange
  • Chi-X
  • Deutsche Börse
  • Euronext
    • London
    • Paris
    • Amsterdam
    • Brussels
    • Lisbon
  • Hong Kong Stock Exchange
  • Jakarta Stock Exchange
  • Johannesburg Stock Exchange
  • London Stock Exchange
  • OMX
    • Copenhagen Stock Exchange
    • Helsinki Stock Exchange
    • Stockholm Stock Exchange
  • Oslo Stock Exchange
  • National Association of Securities Dealers Automated Quotations
  • New York Stock Exchange
  • New Zealand Stock Exchange
  • Prague Stock Exchange
  • Singapore Stock Exchange
  • The Swiss Stock Exchange
  • SWX Exchange
  • Tel Aviv Stock Exchange
  • Tokyo Stock Exchange
  • Toronto Stock Exchange
  • Turquoise
  • Vit-X Exchange
  • Warsaw Stock Exchange
  • Weiner Börse (Vienna Stock Exchange)


Futures

· Chicago Mercantile Exchange Group (CME/CBOT)

· EDX London

· EUREX AG (EUREX)

· European Energy Exchange (EEX)

· Hong Kong Futures Exchange (HKFE)

· ICE Futures Europe (ICE)

· International Maritime Exchange (IMAREX)

· Italian Derivatives Exchange Market

· New York Board of Trade (NYBOT)

· New York Mercantile Exchange (NYMEX)

· NYSE Euronext
-LIFFE
-Amsterdam
-Paris

· Singapore International Mercantile Exchange (SIMEX)

· Spanish Financial Futures Market (MEFF)

· South African Futures Exchange (SAFEX)

· Sydney Futures Exchange (SFE)

· Tokyo International Financial Futures Exchange (TIFFE)

· Tokyo Stock Exchange (TSE)

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ICAP Terms of Business EMEA & Asia effective 21 November 2008



Download ICAP Terms of Business EMEA & Asia effective 21 November 2008 (PDF, 128KB)

If you are unable to open this file please contact ICAP Compliance Department on compliancequeries@icap.com


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ICAP EMEA & ASIA Broking Practices



Download ICAP EMEA & ASIA Broking Practices (PDF, 150KB)

If you are unable to open this file please contact ICAP Compliance Department on compliancequeries@icap.com


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ICAP Disclaimers


For details of the ICAP conditions relevant to our business relationships, please click here.

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ICAP Business Conflicts of Interest Policy


Download ICAP Business Conflicts of Interest Policy (PDF, 128KB)

If you are unable to open this file please contact ICAP Compliance Department on compliancequeries@icap.com

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ICAP Regulatory Factsheet for UK Fund and Portfolio Managers


Download ICAP Regulatory Factsheet for UK Fund and Portfolio Managers (PDF, 115KB)

If you are unable to open this file please contact ICAP Compliance Department on compliancequeries@icap.com


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Electronic Broking Data

ICAP operates a number of ‘Multilateral trading facilities’ (alternative trading systems). Under relevant rules, and for some of our client-facing facilities, regulations require us to provide details of transactions for certain instruments conducted by UK/FSA regulated firms. Click here for details.

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Important Legal Notice Concerning the Receipt from ICAP of Pricing Data

If you, through whatever medium, receive non-live pricing data from ICAP which you use for revaluation, mark-to-market or any other similar purpose, you will be receiving the Data (the “Data”) subject to the following conditions, regardless of your regulatory classification.

Supply of Revaluation Data by Companies within the ICAP Group

  1. ICAP shall send or make available the Data to you and/or your group companies by such method(s) from time to time and at such times as ICAP in its sole discretion decided or as ICAP from time to time otherwise aggress with you and/or your group companies.
  2. The Data is for use by Eligible Counterparties and Professional Customers only and it is not intended for Retail Clients as defined by the rules of the Financial Services Authority.
  3. Save as provided in Paragraph 9 below, you undertake to keep the Data confidential and not to disclose the Data or any part of it to any person (and for the purposes of this Agreement “person” shall include without limitation any individual, partnership, company or corporation), except that you may disclose the Data to your officers and employees and those of your group companies provided in each case that (i) you inform them of confidential nature of the Data; and (ii) you procure that they comply with the terms of this Clause 10 of the Agreement as if they were a party to this Agreement.
  4. You and your group companies undertake not to use the Data or permit or suffer the same to be used for any purpose other than your or your group companies’ internal use. You undertake not to, and shall procure that your group companies shall not, sell, transfer or sub-licence the Data to any third party or permit or suffer the same to be sold, transferred or sub-licensed.
  5. You undertake not to, and shall procure that your group companies shall not, disclose to any person the fact that ICAP is supplying the Data to you and/or your group companies without ICAP’s prior written consent.
  6. You agree that the Data belongs to, and is the intellectual property of, ICAP, its group companies and/or its and their respective licensors.
  7. You acknowledge that the Data is not intended to be relied upon as authoritative or taken in substitution for the exercise of judgement and that it is not, and should not be construed as, an offer, bid or solicitation in relation to any financial instrument. You further acknowledge that the Data is obtained from sources believed to be reliable and may also be based on opinions, estimates, projections and extrapolations constituting ICAP’s judgement (including that of its relevant group companies and/or their respective licensors). ICAP and its group companies do not guarantee, and expressly disclaim and liability for, and make no representations or warranties, whether express or implied, as to the Data’s currency, accuracy, timeliness, completeness or fitness for any particular purpose. ICAP and its group companies accept no liability whatsoever for any loss (including, but not limited to, any direct, indirect or consequential loss, whether or not such loss is foreseeable and whether or not ICAP has been appraised of the use to which the Data will be put) howsoever arising from the Data’s use, the timeliness or its delivery or its failure to be delivered at all.
  8. You agree that damages would not be adequate remedy for any breach of this Agreement and that ICAP may be entitled to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of this Agreement. ICAP and each of its relevant group companies shall be entitled to enforce the terms of this Agreement against you and/or your group companies.
  9. Your obligations under paragraph 3 (and those of your group companies) shall not apply to the extent that disclosure of the Data is required to be made as a result of a subpoena, requirement or official request from any competent judicial, administrative, legislative or regulatory or self-regulatory authority or body; provided, however, that unless prohibited by court order you shall provide advance notice to ICAP of the intended disclosure of the Data in order to allow ICAP an opportunity to object to the disclosure of the Data.
  10. For the purposes of this Clause 10, “you” shall include a reference to yourself as well as all or any of your group companies who directly or indirectly receive data from time to time (on whose behalf you shall be deemed to contract). “ICAP” means this Company and/or and other operating subsidiary of ICAP plc supplying Data.


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ICAP Business Continuity Management (BCM) programme

ICAP Business Continuation Management (BCM) programme ensures the safety of all staff, including the global BCM programme, BIA’s, pandemic planning, testing and embedding.

For further information please contact

Herve Geny – Global Head of Risk
Herve.Geny@icap.com

Gayle Hedgecock – Global Head of Business Continuity Management
Gayle.Hedgecock@icap.com




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