Login Press Contact Us Careers Home About Investors Strategies People Insights Home> Disclosures Disclosures Business Continuity Plan European Disclosures Japan Disclosures This page contains certain additional regulatory and other disclosures applicable to Oaktree Capital Group, LLC and its subsidiaries and affiliates. Business Continuity Plan OCM Investments, LLC maintains a business continuity plan allowing it to meet its responsibilities to its clients in the event of a business disruption. The plan is available here. European Disclosures The following are disclosures in respect of Oaktree Capital Group, LLC’s European affiliates. Oaktree has three regulated affiliates in the United Kingdom: Oaktree Capital Management (UK) LLP (“Oaktree UK”) Oaktree Capital Management (Europe) LLP (“Oaktree Europe”) Oaktree Capital Management (International) Limited (“OCMI”) All are authorized and regulated by the UK Financial Conduct Authority (“FCA”). Oaktree also has a regulated affiliate in Luxembourg, LFE European Asset Management S.à r.l. (“LFE”), which is authorized by the Commission de Surveillance du Secteur Financier. UK Modern Slavery Act Statement Pursuant to the UK Modern Slavery Act 2015, Oaktree UK is required to prepare a slavery and human trafficking statement for each financial year. The following statements are available: Statement for the financial year ending 31 December 2018, here; Statement for the financial year ending 31 December 2019, here; and Statement for the financial year ending 31 December 2020, here. EU Markets in Financial Instruments Directive II – Best Execution Under COBS 11.2A.39 of the FCA Handbook, each of Oaktree UK, Oaktree Europe and OCMI, as a UK MiFID investment firm authorized and regulated by the FCA, is required, on an annual basis, to make public certain best execution disclosures. The disclosure is available here. UK Tax Strategy Statement Oaktree has worldwide operations, including in the United Kingdom, where operations are primarily undertaken through Oaktree UK, Oaktree Europe and OCMI. Oaktree has prepared and published a statement setting out the tax strategy of Oaktree’s UK group entities in accordance with the obligations under the relevant paragraphs of Schedule 19 of the UK Finance Act 2016. The statement is available here. UK Stewardship Code The Financial Reporting Council (“FRC”) first published the UK Stewardship Code in July 2010, and subsequently revised it in September 2012 and, most recently, in October 2019 (the “Code”). The Code is intended to establish a clear benchmark for stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. The Code comprises a set of 12 ‘apply and explain’ Principles for asset managers and asset owners and 6 Principles for service providers. It is a voluntary code. Unlike prior versions of the Code, the 2020 version requires signatories to the Code to explain how they have exercised stewardship across all asset classes, beyond only listed equities. Under COBS 2.2.3R of the FCA Handbook, each of Oaktree UK, Oaktree Europe and OCMI, as a firm authorized and regulated by the FCA, is required to disclose clearly on its website: the nature of its commitment to the Code; or where it does not commit to the Code, its alternative investment strategy. While Oaktree has always supported the objectives and principles of the Code, none of Oaktree UK, Oaktree Europe or OCMI was a signatory to the 2012 version because the number and size of the investments these entities make in listed equities are limited relative to Oaktree’s overall investment activities. As such, the 2012 version had limited application to our investment activities. Oaktree believes that our business principles and philosophy within our investment strategy globally, as disclosed on this website and maintained within Oaktree’s internal policies and procedures, seek in many ways to address the same objectives of the Code, and Oaktree continually monitors voluntary codes and standards published in different jurisdictions in order to determine whether they will enhance internal standards or benefit Oaktree’s clients. We continue to evaluate the 2020 version of the Code and may in the future elect to become a signatory. EU Shareholder Rights Directive II The EU Shareholder Rights Directive II (Directive 2017/828/EU) (“SRD II”), amending Directive 2007/36/EC, is intended to strengthen shareholder engagement and increase transparency. Among other requirements, SRD II requires asset managers to develop and publicly disclose an engagement policy that describes how they integrate shareholder engagement in their investment strategies and to publicly disclose, on an annual basis, how their engagement policies have been implemented, or otherwise to publicly disclose a clear and reasoned explanation why they have chosen not to comply. This requirement has been transposed into Luxembourg law and “onshored” in the United Kingdom (COBS 2.2B.5R of the FCA Handbook). Each of Oaktree UK, Oaktree Europe, OCMI and LFE is subject to this requirement. This requirement applies only in respect of investments in: For LFE, equities traded on an EU regulated market; and For each of Oaktree UK, Oaktree Europe and OCMI, equities traded on a UK regulated market or a comparable market outside the UK. While these entities may invest clients’ funds in such equities, those investments are typically incidental to credit financing activities, such as debt-to-equity swaps. In some cases, they may invest in such equities in furtherance of a control or other strategy, although the number and size of such investments are limited relative to Oaktree’s overall investment activities. As such, none of these entities has developed an engagement policy in accordance with SRD II. However, we will continue to review this position depending on the investments that these entities make. EU Sustainable Finance Disclosure Regulation The EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) sets out sustainability disclosure obligations for financial market participants, financial advisers and financial products (“SFDR”). Under Articles 3 and 5 of the SFDR, LFE, as an alternative investment fund manager, is required to make the following disclosures on its websites: Integration of sustainability risks Sustainability risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment ("Sustainability Risk"). Before any investment decisions are made on behalf of funds or portfolios that Oaktree manages and before Oaktree provides any investment advice, Oaktree will identify the material risks associated with the proposed investment. These risks form part of the overall investment analysis. Oaktree assesses the identified risks alongside all other relevant material factors. Following that assessment, Oaktree makes investment decisions and/or makes investment recommendations, in each case having regard to the relevant investment policy and investment objectives, and taking into account Sustainability Risks and Oaktree's wider policies and procedures on responsible investing, including our policy on Socially Responsible Investing. Transparency of adverse sustainability impacts Oaktree believes that long-term value will be enhanced by considering environmental, social and governance ("ESG") risk when investing, promoting ESG awareness, and improving the ESG practices of their investments. As such, Oaktree takes account of Sustainability Risks in our investment decisions and investment advice. However, Oaktree does not consider the adverse impacts of our investment decisions on sustainability factors or the adverse impacts of investment decisions on sustainability factors in our investment advice within the meaning of and in the manner prescribed by the SFDR, because it is mindful that the detailed underlying rules in the Regulatory Technical Standards merit a thorough evaluation, including to ascertain the availability of the data set required to be reported. We will continue to assess our position as the underlying rules are finalised and market practise develops in this area. Remuneration LFE maintains a remuneration policy under which the criteria to determine the remuneration level of identified staff include relevant Sustainability Risk. Generally, LFE’s remuneration arrangements treat Sustainability Risk in the same way as other risks which could cause a material negative impact on the value of a fund or portfolio and reward long term performance, which promotes among identified staff (as is relevant to their role) a focus on financial sustainability. Japan Disclosures オークツリー・ジャパン株式会社は、金融商品取引法に基づき投資運用業、第二種金融商品取引業及び投資助言・代理業の登録を受けており (登録番号：関東財務局長(金商)第645号)、一般社団法人日本投資顧問業協会及び一般社団法人第二種金融商品取引業協会の正会員です。 適格機関投資家等特例業務に関する公衆縦覧 オークツリー・ジャパン株式会社は、適格機関投資家等特例業務の届出を行った各オークツリー・ファンドのジェネラル・パートナーを代理して、以下にある事務所に説明書面等を据え置き、公衆の縦覧に供しております。なお、オークツリー・ジャパン株式会社は、適格機関投資家等特例業務を行いません。 オークツリー･ジャパン株式会社 東京都港区愛宕2-5-1 愛宕グリーンヒルズMORIタワー37階 電話番号：03-5776-6760 法規制に基づく開示 オークツリー・ジャパン株式会社の各種法規制に基づく開示事項は以下をご覧ください。 反社会的勢力に対する基本方針 金融商品取引業に関する苦情処理措置及び紛争解決措置 勧誘方針 About Investment Philosophy Business Principles Responsible Investing Our Communities Matter Diversity & Inclusion Investors Institutional Investors Financial Professionals Individual Investors Public Unitholders Strategies Credit Private Equity Real Assets Listed Equities People Senior Executives and Directors Investment Professionals Marketing and Client Relations Corporate Insights Memos from Howard Marks Oaktree Insights Videos Podcasts Brookfield Careers Contact Us Press Login © 2007-2021 Oaktree Capital Management, L.P. 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