1. Introduction

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IGA Capital Finance Brokers LLC ("IGA Capital") is committed to maintaining the highest standards of social responsibility and governance in all our operations. This policy outlines our commitment to ethical practices, compliance with regulatory standards, and the promotion of social and environmental sustainability. Our governance framework is designed to ensure adherence to the UAE Securities and Commodities Authority (SCA) regulations, the Foreign Account Tax Compliance Act (FATCA), the Organisation for Economic Co-operation and Development (OECD) guidelines, and European Union (EU) standards for reporting and compliance of financial institutions.

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2. Regulatory Compliance

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2.1 UAE Securities and Commodities Authority (SCA) *

- Registration and Licensing: IGA Capital ensures that all activities are conducted in compliance with SCA regulations, maintaining up-to-date licenses and registrations. (IGA Capital Finance Brokers is not licensed or regulated by the SCA, it does however maintain KYC/AML and compliance practices standard to the SCA and DIFC.)
- Transparency and Reporting: Regularly submit financial reports, disclosures, and other required documents to regulating authorities when requested to ensure full transparency and regulatory compliance.

2.2 Foreign Account Tax Compliance Act (FATCA)

- Customer Identification: Implement rigorous customer identification processes to ensure compliance with FATCA requirements.
- Reporting: Report financial accounts held by U.S. taxpayers to the relevant authorities, ensuring that all FATCA-related data is accurate and timely.

2.3 Organisation for Economic Co-operation and Development (OECD)

- Common Reporting Standard (CRS): Adhere to the CRS for the automatic exchange of financial account information, ensuring that data is shared with the appropriate tax authorities.
- Anti-Bribery and Corruption: Implement and enforce robust anti-bribery and corruption policies in line with OECD guidelines.

2.4 European Union (EU)

- General Data Protection Regulation (GDPR): Ensure that all data processing activities comply with GDPR requirements, protecting the privacy and personal data of our clients.
- Sustainable Finance Disclosure Regulation (SFDR): Disclose information on how ESG factors are integrated into our financial products and services.

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3. Social Responsibility

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3.1 Community Engagement

- Local Communities: Engage with local communities to understand their needs and contribute to their development through education, healthcare, and infrastructure projects.
- Indigenous Rights: Respect and promote the rights of indigenous peoples, ensuring that our operations do not negatively impact their communities.

3.2 Employee Welfare

- Fair Employment Practices: Ensure fair hiring, promotion, and compensation practices, promoting diversity and inclusion within our workforce.
- Health and Safety: Maintain a safe and healthy work environment for all employees, complying with local and international health and safety regulations.

3.3 Environmental Sustainability

- Sustainable Practices: Implement environmentally sustainable practices in our operations, aiming to minimize our carbon footprint and resource consumption.
- Green Initiatives: Support green projects and initiatives that promote renewable energy and environmental conservation.

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4. Governance

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4.1 Board of Directors

- Independence and Diversity: Ensure that our Board of Directors includes independent members with diverse backgrounds and expertise to provide balanced and effective oversight.
- Responsibilities: Define clear roles and responsibilities for the Board, ensuring accountability and transparency in decision-making processes.

4.2 Risk Management

- Risk Assessment: Conduct regular risk assessments to identify, evaluate, and mitigate potential risks to the organization.
- Internal Controls: Establish and maintain robust internal controls to ensure the integrity of our financial reporting and compliance with regulatory requirements.

4.3 Ethics and Integrity

- Code of Conduct: Implement a comprehensive Code of Conduct that outlines the ethical standards expected of all employees, including honesty, integrity, and respect for others.
- Whistleblower Policy: Provide mechanisms for employees to report unethical behavior or violations of company policies without fear of retaliation.

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5. Reporting and Accountability

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5.1 Transparency

- Regular Reporting: Provide regular updates to stakeholders on our social and governance performance, including annual reports and sustainability disclosures.
- Stakeholder Engagement: Engage with stakeholders to gather feedback and ensure that their concerns are addressed in our policies and practices.

5.2 Continuous Improvement

- Policy Review: Regularly review and update our social and governance policies to reflect changing regulations, stakeholder expectations, and best practices.
- Training and Development: Provide ongoing training and development opportunities for employees to ensure they understand and can implement our social and governance policies effectively.

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For more information, please contact:

Joshua Hawley
CEO, IGA Capital Finance Brokers LLC

or email info@iga.capital 

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Note: This policy document is subject to periodic review and updates to ensure continued relevance and compliance with evolving regulatory and industry standards.

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*IGA Capital Finance Brokers LLC is not required to report or register with SCA however it does voluntarily maintain compliance standard of the SCA as well as the DIFC. Joshua Hawley the Founder and CEO of IGA Capital Finance Brokers was previously regulated by DIFC and is fully aware of the compliance requirements of global regulators. 

** IGA Capital's contracts are written in the context of DIFC courts. With DIFC Arbitration being the elected first options of IGA Capital. 

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