Obtaining the authorisation for the management of collective investment schemes under foreign law

Since its creation, PLEION (Monaco) SAM holds a license authorising the company to carry out the following activities, as mentioned in numbers 1, 3, 4.1, and 4.3 of Article 1 of the law 1.338 of 7 September 2007:

• The management of portfolios of transferable securities or financial futures for a third party;
• The reception and transmission of orders to financial markets concerned with transferable securities or financial futures for a third party;
• Advice and assistance in managing transferable securities and financial futures for a third party; and
• Advice and assistance in receiving and transmitting orders concerning transferable securities or financial futures to financial markets for a third party.

CCAF, the Monegasque regulator (FINMA’s counterpart) recently approved the extension of PLEION activities to include number 6 of Article 1 of the law 1.338.

This new authorisation grants PLEION the opportunity to manage investment funds under foreign law, whether on behalf of private or institutional clients, and thus strengthens the range of services provided in the Principality.