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  • Global Vetting Principles Factsheet - July 2017 PDF

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    Ionutz Asaftei
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    This document outlines London Stock Exchange Group's principles and processes for vetting prospective and current employees. It discusses: - Vetting to ensure integrity and protect the business reputation by evaluating candidates and employees' eligibility and for any conflicts of interest. - Conducting vetting prior to and during employment, and annually for those in control functions, within industry benchmarks and according to roles. - Using third parties and conducting checks such as employment, credit, criminal records, credentials, discrepancies, education and right to work while complying with data protection regulations. - Maintaining transparency and allowing candidates to opt out if unlikely to meet requirements, and reviewing implications.

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    This document outlines London Stock Exchange Group's principles and processes for vetting prospective and current employees. It discusses: - Vetting to ensure integrity and protect the business reputation by evaluating candidates and employees' eligibility and for any conflicts of interest. - Conducting vetting prior to and during employment, and annually for those in control functions, within industry benchmarks and according to roles. - Using third parties and conducting checks such as employment, credit, criminal records, credentials, discrepancies, education and right to work while complying with data protection regulations. - Maintaining transparency and allowing candidates to opt out if unlikely to meet requirements, and reviewing implications.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    26 views3 pages

    Global Vetting Principles Factsheet - July 2017 PDF

    Uploaded by

    Ionutz Asaftei
    This document outlines London Stock Exchange Group's principles and processes for vetting prospective and current employees. It discusses: - Vetting to ensure integrity and protect the business reputation by evaluating candidates and employees' eligibility and for any conflicts of interest. - Conducting vetting prior to and during employment, and annually for those in control functions, within industry benchmarks and according to roles. - Using third parties and conducting checks such as employment, credit, criminal records, credentials, discrepancies, education and right to work while complying with data protection regulations. - Maintaining transparency and allowing candidates to opt out if unlikely to meet requirements, and reviewing implications.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    Global Vetting

    Principles

    Clear and transparent for everyone

    London Stock Exchange Group


    Our vetting principles
    Integrity Who we vet
    "My word is my bond“
    Prospective employees.
    We believe that our commitment to trust
    and transparency helps to underpin
    Existing employees.
    market stability – and differentiates us Employees performing control functions.
    from our competitors.

    We are an organisation of tremendous


    integrity, grounded in an unshakeable Why we vet
    commitment to building global markets
    based on transparency and trust. We act as To ensure candidates and employees continuously meet our employment requirements, maintain integrity
    a source of enduring confidence in the
    financial eco-system, underpinning markets and to protect the business reputation and ability to perform with no conflicts of interest in an unbiased
    through the cycle. So when we say that our manner.
    word is our bond – we mean it.

    When we vet
    Prior to confirming employment.
    Partnership During employment as deemed necessary.
    Our commitment to you Annually for those performing control functions.
    We promise to treat you fairly and not to
    request more information than what is
    required. What we vet
    We will be compliant with Data Protection We vet within benchmarks of our industry and according to the roles that our employees are performing.
    regulations and protect your information.
    We do not ask for more information than what is required, and we maintain information safely and
    Your commitment to us securely, disposing of it when appropriate.
    We ask you to act with integrity and
    provide honest and accurate information
    as part of our process.
    How we vet
    We will discuss with you any results that do We are clear and transparent in our justification and our process.
    not meet our requirements and provide you We use third party service providers to carry out vetting services in the appropriate manner and in line with
    with an opportunity provide clarity.
    current legislation.
    We will not accept discrepancies or adverse Self-certification process to encourage all colleagues to have the integrity to self-certify if there are any
    records that may impact your role, especially
    for roles that involve decision making that
    changes which would affect their employment eligibility.
    further affects the business. We allow candidates to opt-out of the process if they feel they will not meet our requirements, and we will
    review and discuss the implications as appropriate.
    London Stock Exchange Group Page 2
    Dictionary of Services
    Vetting Service Definition

    Employment/Activity Check & 90 day gap Written or verbal verification of former employer's name and location contact information for employers HR department Supervisor's name and
    analysis department dates of employment job title as well as rate of pay (when available) reason for leaving and eligibility of rehire.

    Credit Check A summary of public records (where available), including civil suits, judgments, bankruptcies, tax liens, and collection accounts, if applicable.
    Content and availability will vary from country to country based on local conditions.

    Criminal Record Check A search direct to local agency source (where available/permissible) at either the national, regional, district, city police, or local criminal court
    level. The scope will vary depending on local permissibility and availability of local criminal data maintained by local agencies.

    Directorship Search Determine if a candidate is a registered company director, shareholder, or business owner based on local country corporate registration records.

    Credential Verification Written or verbal verification of professional license credential or membership through host country awarding issuing authority providing a report
    detailing license type and status date awarded pending or past disciplinary action and dates of validity.

    CV Discrepancy Check Discrepancy search against CV provided by candidate, information provided on consent forms and information confirmed from employers,
    institutions and public records.

    Education Verification Written or verbal verification of overseas academic credential and the institute which awarded the qualification through direct contact with
    institutes officials and against known degree mills. Verify institution's name school campus location telephone number dates of study degree
    received and subject of study. Result detail also consists of contact information for the institution's registrar's office and if institution is
    accredited.

    Right to Work Verification Document validation of candidate’s visa / work permit documents through document examination and coordination with local immigration and
    citizenship authorities as required.

    Public Safety Verification Accesses a comprehensive database of individuals and groups that are recognised threats and can be requested in order to comply with
    industry regulations. Identifies individuals who have been identified as being involved in or having links to terrorism, money laundering or other
    serious organized crimes. The PSV is acceptable for employment as it searches public record information as opposed to official criminal
    records. In locations where there are restrictions around collection and use of official criminal record information, the Group will ensure that
    information collected and used for employment eligibility is permissible in the respective jurisdiction.

    Financial Authorities Check Determines if the candidate is fit and properly qualified for the role they will be moving into, in line with FCA requirements.

    Media Search Search of global news database linked to individuals and companies that have been linked to illicit activities by news sources comprised of over
    30,000 news sources in over 35 languages.

    London Stock Exchange Group Page 3

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