Common use of Separate supervision Clause in Contracts

Separate supervision. Where appropriate, persons whose principal functions involve carrying out activities on behalf of, or providing services to, clients whose interests may conflict, or who otherwise represent different interests that may conflict, including those of the firm, may be subject to separate supervision. DCCL’ remuneration policies seek to ensure the removal of any direct link between the remuneration of relevant persons principally engaged in one activity and the remuneration of, or revenues generated by, different relevant persons principally engaged in another activity, where a conflict of interest may arise in relation to those activities. DCCL has adopted a general policy that no employee may exert or threaten to exert inappropriate influence over another employee whether or not that other person works within the same business area and regardless of which DCCL the other person is employed by. Where appropriate, DCCL takes steps to prevent and control the simultaneous or sequential involvement of a relevant person in separate investment or ancillary services or activities where such involvement may impair the proper management of conflicts of interest. Employees are prohibited from offering, giving, soliciting or accepting an inducement, gift or benefit if it is likely to materially conflict with any duty that the employee of DCCL owes to their clients. Relevant inducements include inducements received by DCCL or its employees from clients and third parties as well as inducements given by DCCL or its employees to employees to other DCCL’s employees, clients and third parties.