In accordance with the Companies (Miscellaneous Reporting) Regulations 2018, the section 172(1) statements of Man Group’s subsidiaries are available in the companies’ annual reports, copies of which are available below.
Man Group plc’s section 171 (1) Statement can be found on p.66 of its Annual Report 2025
Man Group is committed to ensuring that modern slavery does not exist within our supply chain or any part of our business. Man Group has a zero tolerance approach to slavery and human trafficking and we expect all those in our supply chain to comply with those values. Man Group will not support or deal with any business knowingly involved in slavery or human trafficking.
Man Group is committed to ensuring that tax evasion and facilitation of tax evasion are not being committed in the conduct of Man’s business by our investors, within our supply chain or in any part of our business. In line with our policies, no one conducting business with, for or on behalf of Man Group should be involved in the deliberate and dishonest act of tax evasion or facilitate tax evasion.
Governments around the world have introduced new information-gathering and reporting requirements for financial institutions with which Man Group and the Funds we manage are obligated to comply. These requirements are collectively referred to as Automatic Exchange of Information (AEOI) requirements.
AEOI requirements have been introduced to provide tax authorities globally with greater transparency over financial assets (and associated income) held offshore. This page provides further information on AEOI requirements and what it means for you.
AEOI regulations
AEOI requirements arise from two principle sets of regulations, which have been adopted in over 100 jurisdictions globally, namely US FATCA (Foreign Account Tax Compliance Act - introduced by the US Government) and the CRS (Common Reporting Standard – introduced by the Organisation for Economic Co-operation and Development, “OECD”).
What are Man funds required to do?
Under these regulations Man, and other similar Financial Institutions, are obliged to determine where you are “tax resident” and, for FATCA, whether you are a US person. Financial Institutions then have to complete reporting to relevant tax authorities where investors are identified to be tax resident outside of the jurisdiction where an investment is held (or to be a US person). This will require Man to:
- Collect and review tax information during on-boarding of all new clients through collection of valid self-certifications and/or US Inland Revenue Service (IRS) W-series forms from investors;
- Review information held in respect of our existing investor base and request additional information from investors where necessary;
- Complete annual reporting to relevant tax authorities in respect of those investors identified as being a US person (under FATCA) or CRS reportable persons (under CRS) based on the their tax residency and as per the requirements of the relevant regulations.
Potential impact on investors
AEOI regimes may impact you whether you are an individual investor or an entity/business investor. The impact will typically depend on the type of investment you hold, where your investment is held and where you live or operate as a business.
We may request you to complete self-certifications and/or IRS W-series forms in order to help us correctly classify you for the purposes of the regimes, and where appropriate will report necessary information securely to relevant tax authorities.
It is therefore important that the information you provide is accurate and valid in order to help us establish your tax status. We may not be able to accept your investment if you choose not to provide the requested information and any existing investments you hold may also be restricted on redemptions.
US FATCA Rules is enforced by imposing a 30% US tax on US-source payments such as dividends, interests and sales proceeds paid to non-participating FFIs (Foreign Financial Institutions i.e. financial institutions that have not signed an agreement with the IRS). FATCA withholding, in general does not apply in these participating jurisdictions, however US tax regulations of Chapter 3 withholding may still apply.
Additional information
If you require further information or have any questions concerning the FATCA or CRS regulations, please refer to the website links below or speak to a tax advisor. Please be aware that we are not in a position to provide investor tax advice.
Useful information websites:
Self-Certification forms: Where required we will provide you with the relevant self-certification forms to complete. Please contact your relationship service provider if you have not received these forms.
Taxpayer Identification Numbers (TIN): Self-certification forms include requests for TIN information. Your TIN is a unique combination of letters and/or numbers assigned to you/your entity. Some countries do not issue a TIN, but may rely on other issued numbers such as social security/national insurance numbers or company registration numbers for entities. You may need to provide these if requested. The OECD has published a list of the acceptable Taxpayer Identification Number (TIN) formats: http://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-identification-numbers/
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Our tax strategy sets out the fundamental principles for the management of taxes within the Group based on an understanding of the needs of our stakeholders and in line with our corporate governance procedures so that the Group manages its tax affairs to provide responsible and sustainable support to our business.
Man is subject to regulations that require us to record certain telephone and electronic communications undertaken by our employees. As such, communications with external parties may also be recorded and monitored and in certain jurisdictions you may have a right to request a copy of the recording of relevant communications.
Recording and AI Transcripts and Summaries
Man Group may record certain meetings and use AI-powered tools to generate a written transcript and summary of the discussion.
You will be told when recording, transcription or summarisation is active (our video conferencing system, Webex, displays a recording indicator and an announcement is made when the recording or transcription commences).
Please avoid sharing sensitive personal information during a recorded meeting unless necessary, as it will be captured in the recording, transcript and summary.
What is being collected
The recording will capture audio, video (where cameras are enabled) and any content shared on screen. The AI tool will generate a transcript and summary of the discussion, which may include personal information about attendees, if such information is shared in the meeting.
Why we are doing this
Man Group uses meeting recordings, transcripts and summaries for legitimate business purposes, including:
- Preparing accurate minutes and records of meetings;
- Producing summaries of action items and key decisions;
- Enabling colleagues who could not attend to catch up on the discussion;
- Ingestion into Man Group's approved AI systems to support business activities such as populating project management dashboards and action tracking;
- Complying with legal and regulatory requirements including disclosure obligations; and
- Staff training and reference purposes.
Who will have access
Access to the recording, transcript and summary will be restricted to meeting attendees and authorised Man Group personnel with a legitimate business need. Recordings, transcripts and summaries will not be shared with third parties (other than our service providers acting on our behalf) without consent or unless required by law or regulation. Transcripts or summaries may be provided on request.
Where it will be stored, and for how long
Recordings, transcripts and summaries are hosted securely, in encrypted form, on the Cisco Webex platform, in a Cisco Webex data-centre region selected by Man Group. The copy held on the Cisco Webex platform is automatically deleted after 30 days, except where it must be preserved to meet a legal or regulatory hold.
In limited circumstances where there is a legitimate business need, authorised Man Group personnel may download a recording, transcript or summary in accordance with Man Group's internal policies. Any copy that is downloaded, shared, or ingested into Man Group's own systems (as described in "Why we are doing this" above) is held outside the Cisco Webex platform and is subject to Man Group's own retention arrangements, which may be longer than 30 days.
Cisco Webex and AI processing
The recording, transcription and summarisation are provided through Cisco Webex. For this content, Cisco acts as Man Group's data processor, meaning it may only handle the content to provide the service to Man Group and on Man Group's instructions, and may not sell it or use it for its own purposes. Transcription is carried out within Cisco's own systems, and the AI summaries are generated using Microsoft's Azure OpenAI service, which acts as Cisco's sub-processor. Cisco states that it does not retain the data sent to the AI tools once a transcript or summary has been produced, and Microsoft states that it does not use the content to train or improve its own AI models. To provide these features, Cisco and Microsoft may process and store the content in countries other than the one in which a meeting attendee is located. Where that happens, the transfers are subject to the safeguards required under the data protection laws applicable to you, which may include standard contractual clauses or equivalent transfer mechanisms, or reliance on jurisdictions recognised as providing an adequate level of protection. These arrangements with Cisco and Microsoft cover only their provision of the Webex service; any further use of the content within Man Group's own systems is described in the "Why we are doing this" section above and in Man Group's Privacy Notice.
Your choices
You will be given notice that a meeting may be recorded, transcribed or summarised: in the meeting invitation (where you receive an invitation from Man Group scheduling the meeting), and by an announcement when recording or transcription begins. If you do not wish to be recorded, transcribed or summarised, you can:
- decline to join the meeting;
- join the meeting but keep your microphone muted and your camera turned off, in which case only your name and the fact that you attended will be captured in the recording, transcript or summary; or
- ask the meeting host whether the meeting is being recorded and ask them to stop the recording.
The legal basis on which we record depends on your location. In some places we rely on our legitimate interests, and in others on your consent. In every case you can limit what is captured using the options above. If you wish to formally object to, or withdraw your agreement to, being recorded or transcribed, please contact Man Group's Data Privacy team, who will handle your request in accordance with the law that applies to you.
For more information about how Man Group processes personal data, please see Man Group's Privacy Notice.
The Financial Crime Statement of Principles provides key details on how Man manages the risks related to Anti-Money Laundering, Counter Terrorist-Financing, Anti-Bribery and Corruption, Financial Sanctions and Facilitation of Tax Evasion. Key components to the policies are outlined.
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