As part of a leading international exchange group, we at MTS SpA and its subsidiaries (MTS Group), appreciate our responsibility for setting an example in ethical business practice.
In response to the UK Bribery Act (which entered into force on 1 July 2011) and to the legislation on the same matter in force in the other jurisdictions in which we operate , we have made every effort to review our practices, identify potential risks, and raise awareness of the Act amongst our employees and stakeholders in Italy, the whole European Union, the UK and the United States. Our Group Anti-Corruption Policy makes clear the specific responsibilities of all of our employees and business partners and we require all our employees, partners, agents, suppliers and customers to comply with the new regulation.
Involvement in the activities covered by the Bribery Act by any of our suppliers, customers, partners and agents can lead to termination of all the relevant agreements and relationships with our Group. In light of the increased and broadly defined offenses described in the UK Bribery Act, MTS Group has made a concerted effort to raise employees’, suppliers’, customers’, partners’ awareness of the continued responsibilities to comply with the new broader regulation.
MTS Group has a zero-tolerance policy regarding bribery that is fully backed throughout the business and by the Board of Directors and management. We remain committed to ensuring that all of our operations continue to comply with the UK Bribery Act and the other relevant laws on the same matter applicable in the countries in which we operate and that our policy implementation procedures are constantly monitored and updated.
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