MIFIDPRU 8 Disclosure

The following disclosure is made by Auctus Advisors LLP (“Auctus”) pursuant to the FCA’s Prudential Sourcebook for MiFID Investment Firms (“MIFIDPRU”) in respect of its financial year ended 31 March 2025.

Auctus is authorised and regulated by the FCA in the UK and is subject to the FCA’s MIFIDPRU Sourcebook. In respect of its year ended 31 March 2025, Auctus met all the criteria for small and non-interconnected (“SNI”) investment firms, as detailed in MIFIDPRU 1.2, and so was categorised as an SNI investment firm in respect of that financial year.

As an SNI investment firm authorised and regulated by the FCA, Auctus is required under Chapter 8 of MIFIDPRU to publish key information to assist users of its financial statements. In accordance with MIFIDPRU 8.1, the information which Auctus as an SNI investment firm is required to publish relates to its remuneration policies and practices (per MIFIDPRU 8.6).

This disclosure has been prepared by Auctus in accordance with the requirements of MIFIDPRU 8 and has been approved by the partners of Auctus. Unless otherwise stated all disclosures relate to the financial year ended 31 March 2025.

Remuneration Policy and Practices

As an SNI Investment firm, Auctus is subject to the requirements of the MIFIDPRU Remuneration Code set out in SYSC 19.G of the FCA’s Handbook. MIFIDPRU 8.6 of the FCA’s Handbook requires Auctus to disclose certain information on an annual basis regarding its Remuneration Policy and practices for all staff.

Auctus’ approach to remuneration

The partners of Auctus have approved the Auctus Remuneration Policy and have overall responsibility for overseeing its implementation.

The objective of Auctus’ Remuneration Policy is to ensure that the way it remunerates Auctus staff:

• is consistent with and promotes sound and effective risk management;
• avoids conflicts of interests, encourages responsible business conduct, promotes risk awareness and does not encourage excessive risk taking;
• is in line with Auctus’ business strategy, objectives, values and long-term interests; and
• is gender neutral and respects the principle of equal pay for male and female workers for equal work or work of equal value.

Remuneration Framework

Each partner of Auctus is remunerated by profit allocations.  The partners of Auctus do not receive any fixed drawings which are considered to be fixed remuneration.  All remuneration is variable remuneration and is not guaranteed.  All remuneration is set by reference to the overall performance and profitability of Auctus and is made on the basis of periodic individual performance reviews, which take account of both financial and non-financial criteria. 

Such criteria may include both quantitative measurements but also qualitative issues such as training and competence, personal skills and development, risk management, client focus, service quality, ethical behaviour and regulatory compliance.

Remuneration and Capital

Variable remuneration awards are made within a context of ensuring they do not affect Auctus’ ability to ensure a sound capital base.  Auctus will not pay remuneration for potential future revenues whose timing and likelihood remain uncertain and will also retain sufficient sums to cover its regulatory and working capital requirements taking full account of risk management considerations.  Remuneration relates only to profits actually made by Auctus.

Quantitative Remuneration Disclosure

For the financial year 1 April 2024 to 31 March 2025, the total amount of remuneration awarded was £1.7 million, all of which was variable remuneration.