CONFLICTS OF INTEREST POLICY

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

CONFLICTS OF INTEREST POLICY

1. Introduction

1.1. Streams Financial Services Ltd is a Cypriot Investment Firm (“CIF”) registered with the Registrar of

Companies in Cyprus under registration number: HE387124 and regulated by the Cyprus Securities &

Exchange Commission (“CySEC”) under license number 376/19 (hereinafter called the “Company”).

1.2. This Conflicts of Interest Policy (“the Policy”) is provided to you (our Client or prospective Client) in

accordance with the Markets in Financial Instruments Directive (MiFID II) in the European Union and

its transposition into national law with the Provision of Investment Services, the Exercise of

Investment Activities, the Operation of Regulated Markets Law of 2017 (Law 87(I)/2007), as

subsequently amended from time to time (“the Law”), pursuant to which Streams Financial Services

Ltd is required to take all appropriate steps to detect and avoid Conflicts of Interest.

1.3. Under the above legislation, the Company is required to take all appropriate steps to identify, prevent

or manage Conflicts of Interest. The Company is committed to acting honestly, fairly and professionally

and in the best interest of its Clients and to complying, in particular, with the principles set out in the

above legislation when providing investment services and ancillary services related to such services.

1.4. The Company maintains and operates effective organisational and administrative arrangements with a

view to taking all appropriate steps designed to prevent Conflicts of Interest from adversely affecting

the interests of its Clients. Senior management is responsible for ensuring that the Company’s systems,

controls and procedures are adequate to identify and manage conflict of interest. It is also responsible

to ensure that all the arrangements made under this Policy operate effectively.

1.5. This Policy is not intended to, and does not, constitute an agreement between the Company and the

Client and it does not create any third-party rights or duties that would not otherwise exist if the Policy

had not been made available to the public.

2. Definition

Conflicting interests arise when in the course of the Company’s business an opportunity is created or

there is space for it to be potentially created, for an employee of the Company or the Company itself

to get advantage of its position in a manner that it can cause damage or otherwise affect the interests

of a Client and at the same time to make a gain for itself or for another Client that the Company may

have interest from.

3. Purpose

3.1. This document sets out the Company’s Policy to effectively identify and prevent or manage any

Conflicts of Interest that may arise while carrying the course of its business.

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

3.2. The Company has taken all appropriate steps to identify, prevent or manage Conflicts of Interest that

may arise between itself, including its managers and employees or other relevant persons, as well as

any person directly or indirectly linked to them by control, and their Clients or between one Client and

another, that arise in the course of providing any investment and ancillary services, or combinations

thereof.

3.3. The Company maintains and operates effective organizational and administrative arrangements with a

view to taking all reasonable steps designed to prevent Conflicts of Interest from adversely affecting

the interests of its Clients.

3.4. Senior management is responsible for ensuring that the Company’s systems, controls and procedures

are adequate to identify and manage conflict of interest. It is also responsible to ensure that all the

arrangements made under this Policy operate effectively.

4. Scope

The Policy applies to all Clients and “Related Persons” in relation to the Company as defined in the Law

including but not limited to all Company’s directors, employees, any persons directly or indirectly linked to

the Company by control who might be exposed to Conflicts of Interest arising between:

a) The Company and the Company’s Client;

b) A Related Person and the Company’s Client;

c) A Company of the Group and a Client;

d) One Client of the Company and another, in the course of providing services to these Clients;

5. Application

The Policy refers to all Clients and also to “relevant persons” and refers to all transactions/services with all

Clients. Relevant person in relation to the Company means:

a) a member of the board of directors, partner or equivalent, manager of the Company;

b) an employee of the Company, as well as any other natural person whose services are placed at the

disposal and under the control of the Company who is involved in the provision by the Company of

investment services or/and the performance of investment activities;

c) a natural person who is directly involved in the provision of services to the Company under an

outsourcing arrangement for the purpose of the provision by the Company of investment services

or/and the performance of investment activities.

6. Conflicts of Interest Policy

Company’s Conflicts of Interest Policy sets out how:

a) The Company will identify circumstances which may give rise to Conflicts of Interest entailing a

material risk of damage to its Clients’ interests,

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

b) The Company has established appropriate mechanisms and systems to manage those conflicts, and

c) The Company maintains systems designed to prevent damage to its Clients’ interests through

identified conflicts.

7. Identification of Conflicts of Interest

For the purposes of identifying the types of conflict of interest that arise in the course of providing investment

and ancillary services or a combination thereof and whose existence may damage the interests of a Client, the

Company takes into consideration, by way of minimum criteria, the following criteria:

a) When the Company accepts Client order in Contracts for Difference (“CFD”), THE Company will be dealing

in the CFD concerned as principal for the Company’s account;

b) The Company may be matching the Client’s Order with that of another Client by acting on such other

Client’s behalf as well as on the Client’s behalf

c) The Company and/or a Related Person of the Company is likely to make a financial gain, or avoid a financial

loss, at the expense of the Client;

d) The Company and/or a Related Person of the Company has an interest in the outcome of a service provided

to the Client or of a transaction carried out on behalf of the Client, which is distinct from the Clients interest

in that outcome;

e) The Company and/or a Related Person of the Company has a financial or other incentive to favor the

interest of another Client or group of Clients over the interests of the Client;

f) The Company or a Related Person carries on the same business as the Client;

g) The Company or a Related Person receives or will receive from a person other than a Client, an inducement

in relation to a service provided to the Client, in the form of monies, goods or services, other than the

standard commission or fee for that service.

8. Potential Sources of Conflicts of Interest

Taking into consideration the services the Company offers, potential Conflict of Interest circumstances

may include, but are not limited to:

• Reception and transmission of orders;

• Execution of orders;

• Safekeeping and administration of financial instruments for the account of Clients, including

custodianship and related services such as cash/collateral management;

• Dealing on Own Account

Taking into consideration the services the Company offers, potential Conflict of Interest circumstances

may include, but are not limited to the following:

a) The Company or a Company of the Company’s group may engage in business and trading activities

for its own account and/or Client accounts whilst other Clients are active in relevant markets at the

same time;

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

b) A transaction is effected in financial instruments in respect of which the Company or a Company of

the Company’s group, or its director or employee is contemporaneously trading or has traded on

its own account or has either a long or short position;

c) The Company or Relevant Person receives substantial gifts or entertainment (including non-

monetary inducements) that may influence behavior in a way that conflicts with the interest of the

Client of the Company;

d) A transaction is affected in financial instruments in respect of which the Company may benefit from

a commission, fee, mark-up or mark-down payable otherwise than by a Client, and/or Company may

also be remunerated by the counterparty to any such transaction;

e) A director or employee of the Company is a director of a fund and or any Company which is a Client

of the Company;

f) A transaction is affected in financial instruments issued by an affiliated Company or the Client or

customer of an affiliated Company;

g) The Company may act as agent for a Client in relation to transactions in which it is also acting as

agent for the account of other customers and/or Group companies;

h) The Company acting as agent for the Client, matches an order of the Client with an order of another

customer for whom it is acting as agent;

i) A transaction is affected in securities issued by an affiliated Company or the Client or customer of

an affiliated Company;

j) The Company deals on behalf of the Client with, or in the securities of, an affiliated Company;

k) Introducing agents may have other interests than the Company and/or their Clients;

l) White Label Partners may have other interests than the Company and/or their Clients;

Representatives/ Introducing agents of the Company may be aware of large Client orders to acquire or

dispose of a large quantity of a particular financial instrument and either the Company or its

representatives/Introducing agents purchase (or sell) the financial instrument beforehand.

9. Identifying and Managing Conflicts of Interests

9.1. The Company has established adequate and appropriate internal procedures for minimizing any

potential Conflicts of Interest which include the following:

a) there is a clear distinction between the different departments’ operations

b) Two departments or businesses will be managed by different senior staff members, if running them

under supervision of one person, may create Conflicts of Interest. In this way it is secured that no single

person will gather conflicting information, thus counterfeiting, or hiding information from investors is

minimized. Furthermore, the four-eye principle in supervising the Company’s activities will be

established.

c) effective procedures in place to prevent or control the exchange of information between related

persons engaged in activities involving a risk of a conflict of interest where the exchange of that

information may harm the interests of one or more Clients;

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

d) the separate supervision of relevant persons whose principal functions involve carrying out activities

on behalf of, or providing services to, Clients whose interests may conflict, or who otherwise represent

different interests that may conflict, including those of the Company;

e) Removal of any direct link between the remuneration of relevant persons principally engaged in one

activity and the remuneration of, or revenues generated by, different relevant persons principally

engaged in another activity, where a conflict of interest may arise in relation to those activities;

f) Measures to prevent or limit any person from exercising inappropriate influence over the way in which

a relevant person carries out investment or ancillary services or activities;

g) Measures to prevent or control the simultaneous or sequential involvement of a relevant person in

separate investment or ancillary services or activities where such involvement may impair the proper

management of Conflicts of Interest

h) Operation of a “Need to know” Policy governing the dissemination of confidential or inside information

within the Company.

i) Access to confidential information is restricted to those who have a proper requirement for the

information consistent with the legitimate interest of a Client of the Company.

j) Chinese walls restricting the flow of confidential and inside information within the Company, and

physical separation of departments.

k) Procedures governing access to electronic and/or in hard copy data and information

l) Segregation of duties that may give rise to Conflicts of Interest if carried on by the same individual

m) Personal account dealing requirements applicable to relevant persons in relation to their own

investments

n) Prohibition of external business interests conflicting with the Company’s interests as far as the

Company’s officers and employees are concerned, unless prior Board approval is obtained

o) Appointment of Internal Auditor to ensure that appropriate systems and controls are maintained and

report to the Company’s Board of Directors

p) Establishment of the four-eyes principle in supervising the Company’s activities

q) The Company also undertakes on-going monitoring of business activities to ensure that internal

controls to prevent or manage Conflicts of Interest are appropriate

r) Establishment of in-house Compliance Function responsible for identifying and managing potential

Conflicts of Interests and reporting directly to the Board of Directors and Senior Management in

relation to the latter. The Compliance Function shall also update the relevant internal procedures and

ensure compliance with such procedures.

9.2. Inducements

The Company does not offer, solicit, or accept any inducements, other than the following:

a) A fee, commission or non-monetary benefit provided to or by a Client or a person on behalf of a Client;

b) A fee, commission or non-monetary benefit provided to or by a third party or a person acting on behalf

of a third party, under the following conditions:

i. the fee, commission or benefit is disclosed to a Client, prior to the provision of the relevant service;

and

ii. it is designed to enhance the quality of the relevant service to a Client and in line with Company’s

duty to act in the best interests of a Client;

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

c) Proper fees for the provision of investment services, such as custody costs, settlement and

exchange fees, regulatory levies or legal fees, and which cannot give rise to conflicts with

Company’s duties to act honestly, fairly and professionally in accordance with the best interests of

its Clients.

9.3. Gifts

Company’s employees will not accept any gifts other than those considered normal in their line of

business. Excessive gifts from Clients may result in a conflict of interest, something the Company is

committed to prevent.

10. Responsibilities

10.1. Senior Management

According to Article 16(2) of Directive 2014/65/EU and Article 25 of Regulation (EU) 2017/565:

- Senior management and, where applicable, the supervisory function shall be required to

assess and periodically review the effectiveness of the policies, arrangements and procedures

put in place to comply with the obligations under Directive 2014/65/EU and to take

appropriate measures to address any deficiencies.

- The allocation of significant functions among senior managers shall clearly establish who is

responsible for overseeing and maintaining the firm's organisational requirements. Records of

the allocation of significant functions shall be kept up-to-date.

- Senior management shall receive on a frequent basis, and at least annually, written reports on

the matters covered in this Policy indicating in particular whether the appropriate remedial

measures have been taken in the event of any deficiencies.

10.2. Head of Compliance

- Is responsible to report to the Board of Directors regarding any issues raised in this Policy.

- Is responsible for the drafting and updating the present Policy

- Supervises compliance with the present Policy

- Supervises the management of any Conflicts of Interests that may arise

- Maintains records of Conflicts of Interests cases

- Applies the four-eye principle when monitoring the Companies business

- Provides training, supervision and assistance regarding the effective implementation of the

present Policy

10.3. Employees of the Company

- All employees of the Company are responsible to be reasonably aware of the basic rules

governing the present Policy and the content of the present Policy and to report to their

Managers regarding any present or potential situations that can create conflicting interests.

11. Pay

Pay and bonuses are linked to the profits of the Company or the business or department where an

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

employee works. Pay and bonuses linked to the performance of another department, with possible

conflicting interests, is avoided at all times.

12. Personal account dealing

For the purpose of this Conflicts of Interest Policy, “Personal Transaction” means a trade in financial

instrument effected by or on behalf of a relevant person, where at least one of the following criteria are

met:

a) The relevant person is acting outside the scope of the activities he carries out in that capacity,

b) The trade is carried out for the account of any of the following persons:

i. the relevant person,

ii. any person with whom he has a family relationship, or with whom he has close links,

iii. a person whose relationship with the relevant person is such that the relevant person has a direct

or indirect material interest in the outcome of the trade, other than a fee or commission for the

execution of the trade.

To prevent conflicts arising from the use of information obtained from Clients, and market abuse in general,

all employees are subject to personal account dealing rules. Employees are prohibited to keep investor

accounts in other Investing Firms without Company’s prior authorization and are obliged to bring this to

Company’s attention. They are also obliged to authorize the Company to request transaction reports from

other Investment Firms. Furthermore, the Company requires all employees to have Personal Account

trades approved before dealing to ensure that dealing does not occur in securities in circumstances where

such dealings should be restricted.

Relevant persons are informed on the restrictions on personal transactions and the measures established

by the Company in connection with personal transactions and Notification procedures.

Furthermore the Company has established, implemented and maintains adequate arrangements aimed at

preventing the following activities in the case of any relevant person who is involved in activities that may

give rise to a conflict of interest, or who has access to inside information within the meaning of section 5

of the Market Manipulation (Market Abuse) Law or to other confidential information relating to Clients or

transactions with or for Clients by virtue of an activity carried out by him on behalf of the Company:

a) Entering into a personal transaction which meets at least one of the following criteria:

i. That person is prohibited from entering into it under the Market Abuse Law;

ii. It involves the misuse or improper disclosure of that confidential information;

iii. It conflicts or is likely to conflict with an obligation of the Company under the Law.

b) Advising or procuring, other than in the proper course of his employment or contract for services, any

other person to enter into a transaction in financial instruments which, if a personal transaction of the

relevant person, would be covered by point (a) above or investment research reports or the misuse of

information relating to pending Client orders.

c) Disclosing, other than in the normal course of his employment or contract for services, any information

or opinion to any other person if the relevant person knows, or reasonably ought to know, that as a

result of that disclosure that other person will or would be likely to take either of the following steps:

eFINNO is owned and operated by Streams Financial Services LTD, a Cyprus Investment Firm (CIF) supervised and regulated by the

Cyprus Securities and Exchange Commission (CySEC), with CIF license number 376/19 and company registration number HE

387124, located at 16th June 1943, Gladstonos Court No16, Office 101, 3022, Limassol, Cyprus

16th June 1943, Gladstonos Court No16,

Office 101, 3022, Limassol, Cyprus

i. To enter into a transaction in financial instruments which, if a personal transaction of the relevant

person, would be covered by point (a) above or investment research reports or the misuse of

information relating to pending Client orders;

ii. To advise or procure another person to enter into such a transaction.

The above arrangements have been designed to ensure that:

a) Each relevant person is aware of the restrictions on personal transactions, and of the measures

established by the Company in connection with personal transactions and disclosure.

b) The Company is informed promptly of any personal transaction entered into by a relevant person,

either by notification of that transaction or by other internal procedures enabling the Company to

identify such transactions. In the case of outsourcing arrangements, the Company always ensures

that the firm to which the activity is outsourced maintains a record of personal transactions

entered into by any relevant person and provides that information to the Company promptly on

request.

c) A record is kept of the personal transaction notified to the Company or identified by it, including

any authorization or prohibition in connection with such a transaction.

13. Disclosure

13.1. If during the course of a business relationship with a Client, the organizational or administrative

arrangements/measures are not sufficient to avoid or manage a conflict of interest relating to that

Client, the Company shall disclose the conflict of interest to the Client prior to undertaking

investment business for that Client, or, if it does not believe that disclosure is appropriate to manage

the conflict, it may choose not to proceed with the transaction or matter giving rise to the conflict.

13.2. According to Article 23(2) of Directive 2014/65/EU and Article 34 of (EU) 2017/565, Disclosure “is a

measure of last resort that shall be used only where the effective organisational and administrative

arrangements established by the investment firm to prevent or manage its Conflicts of Interest, in

accordance with Article 23 of Directive 2014/65/EU, are not sufficient to ensure, with reasonable

confidence, that risks of damage to the interests of the Client will be prevented”. In this case,

Disclosure must be performed as follows:

- It shall clearly state that the organisational and administrative arrangements established by the

investment firm to prevent or manage that conflict are not sufficient to ensure, with reasonable

confidence, that the risks of damage to the interests of the Client will be prevented.

- It shall include specific description of the Conflicts of Interest that arise in the provision of

investment and/or ancillary services, taking into account the nature of the Client to whom the

disclosure is being made.

- The description shall explain the general nature and sources of Conflicts of Interest, as well as the

risks to the Client that arise as a result of the Conflicts of Interest and the steps undertaken to

mitigate