[GRI 102-9] Various types of business partners are present in the activity pursued by Millennium TFI and the funds it manages. These are: a transfer agent who keeps the registers of participants, a depositary of the funds’ assets, distributors of participation units, an entity which keeps the funds’ ledgers and calculates the value of the funds’ assets, suppliers of office, transport, legal and IT services, an entity which stores documents and an entity which manages correspondence workflow, an entity which keeps the Company’s ledgers (Bank), banks and brokerage houses as the funds’ business partners. The main categories of entities supplying services to the Company and the funds are distributors of participation units, the transfer agent, the depositary of the funds’ assets, the funds’ business partners (banks and brokerage houses), legal advisors and financial auditors as well as suppliers of IT services.
Agreements with Millennium TFI suppliers are concluded and terms and conditions of services are specified based on the laws regulating the activities pursued by the funds and mutual fund management companies. In matters not covered by the abovementioned laws, the Company applies the Bank Millennium Group’s Code of Ethics, which regulates the principles of establishing and maintaining relationships with suppliers of goods and services.
The main supplier selection criteria are specified in the laws regulating the activities pursued by funds and mutual fund management companies. Since mutual fund management companies and banks are governed by different regulations, the criteria applied by the Company can substantially differ from the criteria applied by Bank Millennium. To the extent to which the Company employs group solutions when buying goods and services, the supplier selection policy in force is compliant with the principles included in the Bank Millennium Group’s Code of Ethics.
[GRI FS5] The Company has not obliged its suppliers to observe ethical and environmental standards. Such obligations are used when the Company concludes group agreements with suppliers in accordance with the principles included in the Bank Millennium Group’s Code of Ethics.