iDealTrade is owned and operated by Arlingclose LTD, authorised and regulated by the Financial Conduct Authority. Arlingclose operate a robust conflict of interest policy. Local Authority terms deposits do not fall under the scope of the European Union’s Markets in Financial Instruments Directive (MiFID). The Bank of England’s UK Money Markets Code sets out the standards and best practice expected from participants in the deposit, repo and securities lending markets in the United Kingdom.
Arlingclose hereby acknowledges that the UK Money Markets Code (‘the Code’) represents a set of principles generally recognised as good market practice in the UK Money Markets. Arlingclose confirms that it is a UK Market Participant as defined by the Code, and has committed to conducting its UK Money Market activities in adherence with the principles of the Code. Specifically, in a manner that is commensurate with the size and nature of its UK Money Market activities, Arlingclose has established and implemented policies and procedures that accord with the Code (in so far as the content does not conflict with applicable law). Appropriately senior management will review these regularly to ensure their continued relevance and effectiveness.