Global compliance 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 IV 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 IV, 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 IV
  • NU Series of Notices: Non-UCITS

Italy

  • UCITS IV

Liechtenstein

  • UCITSG
  • UCITSV
  • FMA-Richtlinie 2012/02

Luxembourg

  • Law of 17 December 2010, CESR 10-788 Level 3, CESR 10-049

Sweden

  • UCITS IV

Switzerland

  • KKV, KKV-EBK, BVV2

United Kingdom

  • New Collective Investment Schemes (Coll): UCITS IV, Non-UCITS, QIS

Asia

Hong Kong

  • HK-MPF
  • HK-SFC

Singapore

  • Code on Collective Investment Schemes (as of September 2011), CPF Investment Guidelines 2012

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
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