New Europe Advisers - Regulatory Disclosures

Regulatory Disclosures

MIFIDPRU 8 REMUNERATION DISCLOSURES AND MANAGEMENT INFORMATION

Background

The Financial Conduct Authority, through MIFIDPRU 8.6 requires Small Non-Interconnected firms to disclose information on their remuneration policies and pay outs on an annual basis.New Europe Advisers Limited ("the Company") follows remuneration policies and procedures that are consistent with the requirement of MIFIDPRU 8 and which do not promote orencourage undue risk taking.

The requirement covers an individual’s total remuneration, fixed and variable. The Company can potentially incentivise staff through a combination of the two. The Company’s policy is designed to ensure that it complies with the requirements and its compensation arrangements:

are consistent with and promote sound and effective risk management;

do not encourage excessive risk taking;

include measures to avoid conflicts of interest; and

are in line with the Company's business strategy, objectives, values and long-term interests.

The Company does not have a formal remuneration committee as it is not required to establish one under proportionality principles.

Remuneration Code

Remuneration policy for all code staff is set by the director who reviews remuneration for staff, where applicable, based upon the individual, using both financial and non-financial criteria, and overall Company performance. Individual performance is also reviewed over an extended period to ensure that the long term objectives of the staff and the Company are not in conflict.

The overall level of remuneration is set in the form of a base salary and, potentially, a bonus. The resource available for bonuses is directly linked to the performance of the Company and its capital and liquidity requirements which minimises any potential conflict of interest.

Quantitative Remuneration Disclosure

During the year, the only employee was the Company's director. The remuneration paid to this employee can be accessed in the audited financial statements for the relevant year.