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Legal & Compliance

MiFID

MiFID stands for the Markets in Financial Instruments Directive (Directive 2004/39/EC).

Legal & Compliance

FINMA

FINMA is Switzerland’s independent financial-market regulator

Legal & Compliance

UCITS

UCITS or ‘undertakings for the collective investment in transferable securities’ are investment funds regulated at European Union level.

Legal & Compliance

SICAV

SICAV stands for Société d’Investissement à Capital Variable, or investment company with variable capital (also known as an ‘open-ended investment company’) and which issues shares.

Legal & Compliance

Ombudsman

This word is borrowed from Swedish and means a person who has been appointed by a government agency or company to fairly investigate and deal with problems and complaints.

Legal & Compliance

LPCC

LPCC stands for Loi fédérale sur les placements collectifs de capitaux, or Collective Investment Schemes Act.

Legal & Compliance

Compliance

Due to the increasing sophistication of financial products, cross-border transactions and the financial crises of recent years, the banking and financial world is subject to ever-growing regulatory complexity.

Legal & Compliance

FCP

FCP stands for the French expression fonds commun de placement, meaning an open-ended collective investment fund.

Legal & Compliance

AIFMD

Alternative Investment Fund Managers (AIFMD; Directive 2011/61/EU)