Compliance means “acting in accordance with current law“. Strictly speaking, this refers to practices that ensure fairness, solidarity and trust in dealing with clients, banks and employees based on the current laws and guidelines for protecting investors.
We impose high ethical standards on ourselves and our staff to prevent advisory services, order execution or asset management services being influenced by outside interests. We expect careful, honest, lawful and professional conduct at all times, compliance with market standards and, in particular, close attention to the interests of our clients. Our staff are required to comply with these standards and obligations.
We have an independent compliance office which reports directly to the management. lt is responsible for identifying, avoiding and managing conflicts of interest also in the matters concerning the investment process. We will disclose unavoidable conflicts of interest to the client affected before the conclusion of a transaction or before providing advisory services. Further details of the present principles and the handling of conflicts of interest are available on request.
Regarding the investment process, we possess with MIG21 (GX Compliance) an automatic controlling system to check the compliance of legal, contractual and internal restrictions.