UK Tax Strategy

In compliance with Schedule 19, Finance Act 2016.

Monex International Markets PLC is part of the Monex S.A.P.I de C.V (Mexico). This policy relates to Monex International Market PLC and all other UK companies within the wider Monex S.A.P.I. de C.V Group (collectively "Monex UK").

In this document we are disclosing the UK Tax Strategy for all UK legal entities.

This strategy is reviewed and approved annually by the Board of Directors. Tax governance is integrated into broader corporate governance frameworks, with accountability clearly assigned to senior finance and tax personnel.

Monex UK transacts with customers in many countries and accordingly is exposed to a variety of tax risks. We set robust policies and compliance processes, which are kept under review as legislation and circumstances change, to ensure we discharge our tax obligations accordingly.

We maintain a low tolerance for tax risk and do not engage in aggressive tax arrangements. Tax decisions are taken with full regard to legal obligations, commercial substance, and reputational considerations. Monex UK's internal governance ensures employees are aware, trained, and committed to a strict policy against facilitating tax evasion.

We use available reliefs and incentives responsibly in a manner consistent with their intended purpose. All planning is underpinned by genuine commercial rationale and aligned with our business operations.

We're pleased to report that we have a very open, cooperative and transparent relationship with HMRC. The Group works with HMRC in real-time in accordance with the principles of the Framework of Co-operative Compliance. When occasional differences of opinion occur, usually concerning the "fine detail" of tax legislation, we seek to maintain a transparent and cooperative relation with tax authorities.

This document satisfies the requirements of Paragraph 16(2), Schedule 19 of the Finance Act 2016.