RPA Code of Conduct

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The RPA Code of Conduct is based upon the three RPA Best Practice Principles. These provide a grounding for the more detailed RPA Code of Conduct.

  1.     Transparency

As asset managers we are committed to providing a comprehensive account of our research procurement processes and policies and to document, highlight and communicate any changes. We will also provide information, data and written context for all aspects of research procurement and payment that involves charges to clients. These will be supplied regularly in digestible formats, and we will provide further clarity on all aspects of our reporting upon request.

  1.     Governance

We are committed to maintaining organisational structures that ensure best practice in the accountability, oversight and implementation of our research procurement. Senior management will have overall responsibility for the success of this system, supported by an internal RPA Committee.

  1. Alignment of Interest.

We are committed to implementing the operational systems and fostering an organisational culture to ensure an alignment between our research consumption, procurement and payment behaviour and our clients’ best interests. The RPA Code can be implemented in a variety of ways reflecting, for example, the client base, specialisation and business model of each firm. However, the goal of each process is to ensure as close to full alignment as practicably possible.

  1. Scope of the RPA and placement within the organization
  2. Research Budgets 
  3. Valuation
  4. Sourcing/Negotation/Onboarding
  5. Access & Distribution Controls
  6. Payment / Funding
  7. Client allocation & reporting
  8. Feedback