Regulatory information 

The European Directive on “Markets in Financial Instruments” (known as MiFID) established a comprehensive regulatory framework on order execution that is meant to allow competition in Europe between various trading venues. Such venues include regulated markets, multilateral platforms for trading and order-execution conducted by investment services providers, particularly through systematic internalisation, i.e., the Investment Service Provider matches orders to buy and sell financial instruments from clients in-house, thereby running an “internal” market.

As such, MiFID is aimed at:

  • establishing competition between order-execution venues;
  • harmonising the terms for offering investment services;
  • making it easier for service providers to use the European “passport”.

It covers financial instruments and defines new obligations in terms of:

  • rules of conduct and best execution;
  • rules for evaluating and informing investment clients;
  • respect for market integrity, transaction declaration and record-keeping;
  • organisational principles to be complied with in order to prevent conflicts of interest;
  • post-trade transparency.

La Française has made its policies on Best Selection and Conflicts of Interest, which meet these regulatory requirements, available to its clients.

Groupe La Française

Remuneration Policy

To view the Remuneration policy implemented by La Française Group and its entities, click here.

Policy on selecting financial intermediaries

To view the policy on order execution and selection of financial intermediaries implemented by La Française Group and its entities, click here.

Policy on conflicts of interest

To view the policy on conflicts of interest implemented by La Française Group and its entities, click here.

Policy on the processing of information requests and client claims.

To view the policy on information requests and client claims implemented by La Française Group, click here.

Policy on providing reports

La Française recommends that, before subscribing to its products, clients contact their usual advisor in order to make sure that these products are appropriate and meet their needs.
All subscriptions must be based on legal documents (prospectus or fact sheet from the Fund, articles of association, regulation, quarterly reports and annual reports). The documents are available upon request from each asset management firm, from their website or from the Autorité des Marchés Financiers (AMF - French securities regulator). Tax treatment depends on each client’s individual situation and this may be changed later.

Distributor payment

In accordance with Article 314-76 of the AMF's general regulations, the client will receive, upon request, details on the compensation paid to its financial advisor for selling the product.

Methods of processing subscriptions: what consequences will the Dodd-Frank Act have for you?

The Dodd-Frank Act – impact on clients subscribing to vehicles from La Française Group’s French asset management firms.

Prospects/clients/distributor partners are informed that the products presented on this website can only be offered in jurisdictions, countries and states where the sale and promotion of said products is allowed.In this respect, the Dodd-Frank Act, which has entered into force, imposes specific restrictions on asset management firms and all other stakeholders on the French market with respect to the sale and promotion of their products. More specifically, LF REM can no longer sell its real estate investment company (SCPI) units to associates and clients subject to United States legislation due to their place of residence.LF REM therefore cannot record subscriptions from clients in this category on the share register of these SCPIs.For other investment vehicles managed by La Française Group’s asset management firms, it is worth consulting your advisor to find out whether you may subscribe to a particular vehicle, based on whether your tax status renders you subject to United States legislation.

To view the definition of US persons, click here.

Presentation of La Française's exclusion policies

To view the exclusion policy of La Française, click here

Policy on excluding controversial weapons: what impact will it have on investment strategies?

To view the policy on excluding controversial weapons implemented by La Française, click here.

Tax Strategy

To view the UK Tax Strategy, click here. This tax strategy sets out the group’s approach to conducting its UK tax affairs and managing the associated tax risks.

Responsible Investment Policy

To view La Française Responsible Investment Policy, click here

Sustainable Investment Research 

To consult the presentation of La Française Sustainable Investment Research, click here

Engagement Report

To view La Française Engagement Report, click here

Engagement policy

To view La Française Engagement Policy, click here

La Française AM Finance Services

La Française AM Finance Services, an investment firm authorised by the ACPR (French Prudential Supervisory Authority and Resolution) under number 18673 X (ACP Banque de France), Professional Card issued by the Paris Police Prefecture - Real estate transaction number T11960.

Securities

La Française Asset Management

An investment company authorised by the Autorité des Marchés Financiers under number GP 97076 on 1 July 1997 (AMF).

To view the engagement policy by La Française Asset Management, click here

Policy on voting rights

To view details on how La Française Asset Management exercised its voting rights over the last year, click here

To view La Française Asset Management and La Française SAM Custom voting policy for 2021, click here.

To view the voting policy and report on the exercice of the voting rights by La Française Asset Management and La Française SAM in 2021, click here.

Policy on compensation

To view the compensation policy by La Française Asset Management in 2021, click here.

Report on brokerage fees

In accordance with regulatory requirements set out in Article 314-82, La Française Asset Management provides shareholders with a report on brokerage fees. To view it, click here.

Responsible Policy

Read more about La Française Responsible Policy, click here

JK Capital Management Ltd

A limited company regulated by the Securities and Futures Commission of Hong Kong, with its registered office at Rm 1101 Chinachem Tower, 34-37 Connaught Road Central, Hong Kong

Fred Alger Management, Inc

The sub-manager of the Alger SICAV – Alger American Asset Growth Fund has been authorised by the United States Securities & Exchange Commission ("SEC") as an investment adviser since 1964 under the Investment Advisers Act of 1940 and any amendments thereto.

Real Estate

La Française Real Estate Managers

LFREM, authorised by the Autorité des Marchés Financiers under number GP 07000038 on 26 June 2007 (AMF). Professional Card issued by the Paris Police Prefecture - Real estate transaction number T12056.

Policy on compensation

To view the compensation policy implemented by La Française Real Estate Management, click here.

La Francaise Group UK Finance Limited


La Française Group UK Finance Ltd is a private limited company registered at Companies House in England and Wales under company number 4717154 and having its registered office at 78 Brook Street, London, W1K 5EF.  
It is authorised and regulated by the Financial Conduct Authority (FCA number: 225360).

Partnerships

Euryale Asset Management

Portfolio Management Company authorised by the Autorité des Marchés Financiers on 22 July 2014 under number GP-14000027

Financing the economy

New Alpha Asset Management

Simplified joint stock company with share capital of EUR 2,483,720  - registered with the Paris Trade and Companies Register under number 450 500 012 – VAT number FR 18450500012
Creation date: 21 October 2003
Authorisation: GP-05000001

 

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<p class="new-disclaimer__legal-notice">Before consulting this website, for your protection and in your interest, please read the “<a href="en/legal-notice/" target="_blank">disclaimer</a>” and “<a href="en/regulatory-information/" target="_blank">current regulations</a>” carefully. This information explains certain legal and regulatory restrictions which apply to individual and professional investors according to local law. By accessing this site, in my non-professional or professional capacity, I acknowledge that I have read and accept the terms and conditions of use. Pursuant to the application of the European Markets in Financial Instruments Directive (“MiFID”), please state to which category of investor you belong&nbsp;:</p>
<p class="new-disclaimer__legal-notice">Before consulting this website, for your protection and in your interest, please read the “<a href="en/legal-notice/" target="_blank">disclaimer</a>” and “<a href="en/regulatory-information/" target="_blank">current regulations</a>” carefully. This information explains certain legal and regulatory restrictions which apply to individual and professional investors according to local law. By accessing this site, in my non-professional or professional capacity, I acknowledge that I have read and accept the terms and conditions of use. Pursuant to the application of the European Markets in Financial Instruments Directive (“MiFID”), please state to which category of investor you belong&nbsp;:</p>