1. Legal aspects
  2. Information for UBP clients
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Legal Aspects

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Please note that this page provides general and not exhaustive information which is subject to amendments and/or additions over time. The law allows two years for financial intermediaries and supervisory authorities to develop and adjust their procedures and practices in order to comply with it.

This section cannot cover all cases or personal circumstances. If you have any questions or require any further information, please contact your relationship manager or come back to this section after it has been updated.

INFORMATION FOR UBP CLIENTS


Union Bancaire Privée, UBP SA

Head office and address:

Union Bancaire Privée, UBP SA
96–98 Rue du Rhône
P. O. Box 1320
1211 Geneva 1
Switzerland
Telephone: + 41 58 819 21 11
www.ubp.com

Branches in SwitzerlandBaselLugano and Zurich

Activities: Wealth and asset management

Legal form: Company limited by shares incorporated under the laws of Switzerland and registered with the Commercial Register of the Canton of Geneva

Supervisory body: Swiss Financial Market Supervisory Authority (FINMA)

Authorisation: Authorised by the FINMA as a bank under the Banks and Savings Banks Act


Mediation Body

In the event of a conflict with the Bank, after talking to the Bank and before resorting to legal proceedings, clients can apply to the Swiss Banking Ombudsman for mediation. The Ombudsman will, for a modest fee or even free of charge, assess the dispute and act as a neutral mediator between the parties.

Address:

Swiss Banking Ombudsman
Bahnhofplatz 9
P.O. Box
8021 Zurich
Switzerland


Information regarding financial services

UBP offers various financial services, such as:

  • Discretionary asset management service: The client gives the Bank a mandate to manage their assets on the basis of predefined parameters agreed in the client's investment profile. The Bank takes the investment decisions.
  • Advisory service: The client signs a mandate to receive advice, covering the entire portfolio and based on parameters predefined with the client in an Investment Profile. The Bank recommends one or several financial instruments and the client takes the final investment decision.
  • Execution-only service: The client gives investment instructions and the Bank executes them.

At the account-opening stage, the Bank informs its clients of the costs associated with the financial services provided, by handing over the fee schedule , which forms an integral part of the General Conditions.

Additional information on costs linked to financial instruments is provided in the KID and the prospectus, where available for the type of instrument concerned.

In any case, transaction costs are indicated on transaction advices.


General risks associated with financial instruments

In order to clarify the risks associated with financial instruments, the Bank has posted its brochure Characteristics and risks of certain financial operations on its website (being updated) and hands it out to clients when opening their accounts.

The Swiss Bankers Association has also published a brochure on risks, Risks Involved in Trading Financial Instruments.

Clients are welcome to contact their relationship managers for clarification and details on any given financial instrument, its specificities or its risks.


Business links with third parties relating to the proposed financial services

UBP has business links with third parties, through which it may receive advantages and/or remuneration. The Bank has put in place a business policy aiming at avoiding conflicts of interests.


Key Information Document (KID)

The UBP website provides links to KIDs and fund information.

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