Disclosures

Compliance is at the heart of everything we do here at Candor Analytica to ensure that our clients can put their trust in our staff members and their work. We have adopted a comprehensive compliance program by following a strict compliance regime.

Institutional Research

FOR INSTITUTIONAL USE ONLY; FOR PROFESSIONAL CLIENTS AND ELIGIBLE COUNTERPARTIES ONLY. This material is not intended as and does not constitute personalized investment advice. Contents of this material will be strictly limited to non-specific, generic information (i.e. macro events/topics) and are not subject to the Markets in Financial Instruments Directive (MiFID II) or FINRA research rules. This material does not constitute an offer, solicitation, invitation, or inducement to purchase, acquire, subscribe to, provide, or sell any financial instrument or otherwise engage in investment activity.

Please see additional important disclosures, including disclosures that may be relevant to your country of residence or business

  • Neither this document nor any information contained in it shall constitute an offer, solicitation, invitation or inducement to purchase, acquire, subscribe to, provide or sell any financial instrument except as permitted under the laws of the People's Republic of China. This Material has not been submitted to or approved by the China Securities Regulatory Commission or any other relevant regulatory authority in the People's Republic of China and is provided solely for informational reference purposes.

  • For recipients in Hong Kong, this Material does not constitute an advertisement, invitation or document relating to any financial instrument directed at the public in Hong Kong, except as permitted under the securities laws of Hong Kong. This Material is directed only at "Professional Investors" as defined in the Securities and Futures Ordinance (Cap. 571) and any rules made thereunder. Candor Analytica does not carry on a business in a regulated activity in Hong Kong and this Material does not represent the output of a licensed corporation for the purposes of the Securities and Futures Ordinance. This Material has not been reviewed or approved by the Securities and Futures Commission of Hong Kong.

  • This Material is provided to recipients outside Taiwan for informational reference only and is not permitted to be marketed, offered, or distributed within Taiwan. Candor Analytica has not been authorised by any Taiwanese authority to distribute financial research or provide investment advisory services in Taiwan. Recipients in Taiwan should consult with local legal and financial advisors to ensure compliance with applicable laws, including the Financial Consumer Protection Act and regulations administered by the Financial Supervisory Commission, before acting on any information contained herein.

  • This Material is intended exclusively for persons who qualify as Institutional Investors and/or Accredited Investors as defined in Section 4A of the Securities and Futures Act 2001 (SFA), as amended. It must not be relied upon by any person in Singapore who does not meet these criteria, including retail investors. Candor Analytica is not licensed or regulated by the Monetary Authority of Singapore. This Material has not been registered as a prospectus with the Monetary Authority of Singapore and is provided solely as independent financial research for informational reference. Investors should carefully consider whether any financial instruments or strategies referenced in this Material are suitable for their circumstances before acting.

  • For recipients in Indonesia, this Material has not been registered with the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or OJK) and is not intended to constitute a public offering or private placement of any financial product or service under the laws of the Republic of Indonesia. This Material is provided solely as independent financial research for informational reference and does not constitute investment advice or a solicitation to transact in any financial instrument. Recipients should ensure compliance with all applicable Indonesian laws and regulations, including OJK rules governing the receipt of foreign financial research, before acting on any information contained herein.

Advisory Services

We constantly review and improve our practices, both in our editorial operation and our commercial businesses.

Our institutional reputation as a trusted and respected advisor to our business partners, members of our community, as well as to institutions in the public sector, depends on our adherence to the highest standards of professionalism, expertise, and secrecy.

  • At Candor Analytica, we are committed to protect our industry by only doing business with firms that meet our high standard for transparency and accountability.

    We uphold a strict ethical business conduct and reserve the right to reject clients or projects that does not adhere to these principles. An internal Project Review Board (PRB) examines every project before a “go” order is signed to ensure compliance to our ethical standards.

  • We conduct compliance training during onboarding and annually, covering applicable laws and regulations, proper handling of material non-public information (MNPI), regulatory risk, personal account investments and trading, business communications, cybersecurity among other topics.

  • We maintain a strict policy of “need-to-know communications” between our enterprise and consumer divisions. This is to ensure proper handling of material non-public information (MNPI).

    Communications done with our institutional partners will be conducted under a Non-Disclosure Agreements signed before the start of any work contract.

  • Client communications are subject to compliance policies, and we have implemented appropriate monitoring and record-keeping systems.

    Communications done with our institutional partners will be conducted under a Non-Disclosure Agreements signed before the start of any work contract.

  • We strictly regulate the use of Generative AI technologies, especially when concerning client data and factually critical work. Foundational Generative AI technologies might be used to correct grammar and minor editing, but is restricted for use in direct data gathering, advanced analysis, and complete end-to-end writing.