Morgan Stanley

Investor Relations

By putting clients first, leading with exceptional ideas, doing the right thing, and giving back, Morgan Stanley aims to deliver results today, while setting strategic goals for the future.

Pillar 3 disclosures required by the United Kingdom Regulators

Annual public Pillar 3 qualitative and quantitative disclosures are required by the Financial Conduct Authority ("FCA") and Prudential Regulation Authority ("PRA") .

The FCA and PRA are organisations responsible for regulating financial services in the United Kingdom ("UK").

The disclosure included herein is for Morgan Stanley International Limited and its subsidiaries (the "MSI Group") only. The MSI Group is the main regulated Morgan Stanley group in the UK. The MSI Group's ultimate parent undertaking and controlling entity is Morgan Stanley, a Delaware corporation, which, together with its consolidated subsidiaries, for purposes of the disclosures are called the Morgan Stanley Group ("Morgan Stanley Group"). The information disclosed in these documents are not necessarily indicative of the Morgan Stanley Group as a whole, nor are they comprehensively representative of the Morgan Stanley Group's activity in any particular region. Investors, stakeholders, creditors or other users seeking information on capital adequacy, risk exposure and risk management policies of the Morgan Stanley Group should consult the public disclosures of Morgan Stanley Group. These disclosures can be found at