Davy Select EPP Letter:
The purpose of this letter is to let you know what these new investment rules are and what changes Davy is making
to ensure your EPP investments comply with the legislation. The new rules can be summarised as follows:
• Investments must be made in the member’s best financial interest, i.e. invest as a prudent person would
• Portfolio must be properly diversified.
• Investments must take into account security, quality and liquidity of the portfolio as a whole.
• Invest predominantly in regulated markets
• Investments should take into account ESG factors.
• There must be a clearly stated investment policy with risk and return objectives.
EPPs established before 22nd April 2021 are provided with an open-ended derogation from the investment rules
above in respect of investments made before 22 April 2021 which means any assets acquired before this date
can be retained.
Any new investments made on or after 22nd April 2021 must be in line with the new rules