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Tech Directory Product Detail

    LawCards

    Princeton Financial Systems

    Contact: Steve Chance, Address: 600 College Road East, Princeton, NJ, USA, 08540, Phone: (609) 987-2400, Fax: (609) 987-9320, Email: info@pfs.com, Website: www.pfs.com
    Product Description:

    Always Up to Date with LawCards
    Investment regulations differ in each financial jurisdiction. LawCards are comprehensive predefined rule sets for MIG21 covering country-specific legal investment restrictions of the world's major financial centers. They support all asset classes, also complex structured products and derivatives.

    LawCards keep you up to date with compliance developments around the globe so your UCITS and Non-UCITS funds can be launched in new legal jurisdictions without overheads or delay. Amendments to legislation are incorporated into the LawCards to ensure constant validity.

    Our LawCard Service originated in 2001 in the highly regulated German market and subsequently proven with UCITS III and SEC 1940 Act regulations in multiple jurisdictions.

    Available LawCards

    North America 
    United States
    •1940 Act (incl. 2a-7 Money Market Funds)
    •IRS Subchapter M,L
    •Article 14 (Investments) of the New York state insurance law
    •Frequently used contractual rules
     
    Europe 
    Austria •InvFG, PKG
     
     France •Code Monétaire et Financier (UCITS III, Non-UCITS)
    •Classification Rules that are based on Instruction AMF 2005-02
     
     Germany •InvG, DerivateV, RiLi Fondskategorien (as of June 2011)
     
     Ireland •UCITS Notices: UCITS III
    •NU Series of Notices: Non-UCITS
     
     Italy •UCITS III
     
     Liechtenstein •IUV
     
     Luxembourg •Law of 20 Dec 2002 (UCITS III), Circular 07/308
     
     Sweden •SE-UCITS
     
     Switzerland •KKV, KKV-EBK, BVV2
     
     United Kingdom •New Collective Investment Schemes (Coll): UCITS III, Non-UCITS, QIS
     
    Asia  Hong Kong •HK-MPF
    •HK-SFC
     
     Singapore
     •Code on Collective Investment Schemes
     
    General Net Short Positions •New transparency rules for reporting of net short positions
     
    Sharia Compliance •Riba (prohibition of Interest)
    •Ghom (share profit and loss)
    •Gharar (prohibition of uncertainty)
    •Haram (prohibited activities)
     
    Substantial Shareholding •Disclosure of major shareholding based on EU Directive 2004/109/EC
    •Full security type coverage incl. derivatives
    •All EU countries and major financial centers covered