FCA disclosure requirements
Previously referred to as Pillar 3 Disclosure Requirements
- Introduction
- Purpose and Scope
As at 31st March 2023, this document presents the FCA Disclosure Requirements (previously referred to as the Pillar 3 disclosures) for Titan Investment Solutions Ltd (‘TitanIS’ or ‘the Firm’) which is authorised and regulated by the Financial Conduct Authority (‘FCA’).
From 1st January 2022, TitanIS has been regulated under the FCA’s new Investment Firm Prudential Regime (‘IFPR’) as an SNI MiFID investment firm.
- FCA Disclosure Policy
The disclosures have not been audited and do not form part of the annual audited financial statements of the Firm. However, they are subject to internal review and verification and are approved by TitanIS’s Board of Directors.
TitanIS’s disclosures are considered to be appropriate to its size and internal organisation, and to the nature, scope and complexity of its activities.
TitanIS has had no trading post-acquisition by the parent, Titan Wealth Services Limited on 17 June 2022. The Firm previously provided investment management solutions to clients under mandates. Post acquisition by its parent, Titan Wealth Services Limited, the Firm is currently recalibrating its strategy regarding asset management.
TitanIS does not have any operations currently, however the Directors have identified future asset management activities which are likely to occur. In its current state, the Firm has very limited cost exposures and does not have any future commitments.
The Firm may consider it appropriate to publish updated disclosures more frequently should a significant change in business or operating environment require this.
In order to ensure that TitanIS continues to hold sufficient capital for regulatory purposes and liquidity to meet its obligation as they fall due, and capital liquidity adequacy is monitored on an ongoing basis.
- Remuneration
2.1 Policy and Governance
TitanIS has established a remuneration policy, aligning to Titan Wealth Services Limited and in accordance with the FCA’s Remuneration Code. The aim of the remuneration policy and governance framework is to establish, implement and maintain remuneration policies, procedures, governance and practices that:
- are in line with the business strategy, and the sustained, long-term performance of the Firm;
- neither encourage, nor reward risk taking outside the Board’s appetite; and
- promote sound and effective risk management.
2.2 Link between Pay and Performance
For the purposes of remuneration disclosures, there was a sole employee engaged in operational activities post-acquisition by the parent. There was no Directors’ remuneration for the financial year to 31 March 2023.