MIFIDPRU 8 Disclosure
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Doxa Partners LLP ("Doxa" or "DPLLP") is authorised and regulated by the Financial Conduct Authority (the "FCA")
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Doxa is categorised by the FCA as a "SNI MIFIDPRU Investment Firm" and is required to make an annual public disclosure on Remuneration under MIFIDPRU 8.6
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As an SNI MIFIDPRU Investment Firm, Doxa is subject to the 'basic' requirements of the FCA's Remuneration Code (the "Code"; SYSC19G)
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The purpose of Doxa's Remuneration Policy (and the Code) is to promote effective risk management and encourage appropriate and calculated risk taking by creating the right incentives, in line with our published Ethos
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This applies to
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All remuneration that impacts risk management (e.g. bonuses, salary and other forms of compensation)
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All staff at Doxa, i.e. both partners and employees
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Doxa's Senior Management periodically review and agree the framework for variable remuneration and approve remuneration packages for staff
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Doxa's Remuneration Policy meets the objectives set out in SYSC19G and complies with rules on performance assessment and risk adjustment in relation to each performance period
Qualitative Disclosure
Staff at Doxa receive fixed remuneration which reflects their experience and responsibilities and is aligned with market rates. This fixed remuneration typically forms the majority of their total annual remuneration. Variable remuneration is awarded based on assessment of individual and business unit performance throughout the year, and considers both financial and non-financial factors as defined in individual goals as defined from time to time.
Quantitative Disclosure
Due to Doxa's size and limited number of staff, quantitative disclosures in relation to remuneration are not included in public disclosures. Doxa is permitted to omit such disclosures where it believes that the information could be regarded as prejudicial to its adherence to the UK General Data Protection Regulations (which was adopted from the EU equivalent regulation on 1 January 2021) and the Data Protection Act 2018 on the protection on natural persons with regard to the processing of personal data and on the free movement of such data.