CONFLICTS OF INTEREST POLICY

To adhere to KAMRC is required to take all reasonable steps to identify, eliminate or manage conflicts of interest. KAMRC is committed to acting honestly, fairly and professionally and in the best interests of its associates.

 
This Policy is not intended to, or does not create third party rights or duties nor does it form part of any contract between KAMRC and any associates.
The purpose of this Policy is to set out KAMRC’s approach to identify and manage conflicts of interest which may arise during the course of its conduct and activities.This Policy aims at:
a. identifying circumstances which may give rise to conflicts of interest entailing a material risk of damage to associates’ interests,
b. establishing appropriate procedures and systems to manage those conflicts, and 
c. ensuring the maintenance of such procedures and systems in an effort to prevent actual damage to associates’ interests through conflicts identified.
 
The Policy applies to all.
 
Potential conflicts of interest areas
1. KAMRC or employees or relevant associated person (s) is / are likely to make a financial gain, or avoid a financial loss, at the expense of the client.
2. KAMRC or employees or relevant associated persons has / have an interest in the outcome of a service provided to the associate or of a transaction carried out on behalf of the associate, which is distinct from the associate’s interest in the outcome.
3. KAMRC or employees or relevant associated person(s) has/have a financial or other incentive to favor the interest of another associate or group of associate over the interest of one associate.
4. KAMRC or employees or relevant associated persons receives or will receive from a person other than the associate an inducement in  relation to a service provided to the associate, in the form of monies, goods or services, other than the standard commission or fee for that service.
 
The procedures and controls that KAMRC follows to manage the identified conflicts of interests include the following:
1. Effective  procedures to prevent or control the  exchange of information in the activities involving a risk of conflict of interest where the exchange of that information is likely to harm the interest of one or more associates;
2. Appointment of Independent Internal auditors to ensure that appropriate systems and controls are maintained and their effectiveness or  otherwise is being reported to the Board Members.