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Happy Hour for Mutual Funds

06/12/2016

On Tuesday 6 December, Eric de Nexon, Head of Strategy Market Infrastructures, SGSS, will participate in the “An illusion of transparency towards one's clientele – subjecting the regulatory environment and codes of conduct to scrutiny”, a round table organisedby Friends of Funds in Geneva.

Our sector essentially adopts two approaches towards our clientele: content (“What do I need to know? ”) and modus operandi (“How should I behave at what particular moment? ”). With the strengthening of the legal and social environment over recent years, particularly for fund providers and mutual funds, legislative regulatory activity and oversight focus increasingly on the customer base. Initially, the main aim is to increase transparency. Requirements for information, documentation, intelligence, recording by minutes, explanations and notifications: transparency has become the absolute priority in the name of investor protection. Fund providers are increasingly submerged under a deluge of exhaustive and simplified prospectuses, fact sheets, KIIDs with two “i”s, KIDs with a single “i”, basic information leaflets, records, disclaimers and notes from minutes. UCITS, AIFMD, MiFID, PRIIPs and FIDLEG for Switzerland: with each regulatory step, the “transparency” and “disclosure” train simply gathers momentum. What is the meaning and purpose of this deluge of information? Does it really serve investors’ interests or is it simply a question of individual protection on an industrial scale? What information must be provided to capital providers in 2017 upon selling (keyword: PRIIPs)? Will investors ultimately gain satisfactory returns for their investment with increased transparency? And is that enough to restore long-lost confidence?

This round table is moderated by Caroline Clemetson from Schellenberg Wittmer, Geneva and Zurich.

Date: Tuesday 6 December 2016
Venue: Les Salons, 6 rue Jean-F. Bartholoni, 1204 Genève
Time: 5.30 pm (doors open at 5 pm)
Entrance fee: 50 Swiss francs*

Registration at www.friends-of-funds.ch (Geneva). Please tick all the meetings you wish to attend under “Registration” and validate the completed form. You will then receive confirmation of your registration. Information about the following events will be sent by email two weeks prior to the event. Information will also be published in due course online.

*Limited number of places: registration applications will be taken into account in order of receipt.

Friends of Funds is a business and expertise network which aims to promote innovation and research into innovative practice in the mutual fund industry.The “Friends of Funds” forum was launched in August 2003 and offers everyone interested in mutual funds an objective, up-to-date and comprehensive discussion platform about the world of mutual funds and future developments.

SGSS sponsors these meetings held in Geneva and Zurich throughout the year.