CIC Corporate and Institutional Banking (CIC CIB) provides a full range of legal services to support its financial institution clients' UCI management activities with the expertise of an operator ideally positioned in the Asset Servicing value chain, via its Legal Services unit.
Asset Servicing’s sales teams present this offering as the ideal complement to, on the one hand, UCI valuation and reporting services, and, on the other hand, those provided by the custodian. This gives financial institution clients complete freedom to focus on developing concepts and products to ensure the growth of their assets :
- Preparation of UCI projects ;
- Assisting collective investment in all legal changes of a regulatory or marketing nature ;
- Handing the legal aspects of transactions.
The Legal Services offering plays an active role in the success of CIC CIB’s clients in a market where the accuracy of documentation (prospectus, KID, letters to unitholders, etc.) is essential. Thanks to our proprietary tools, we maintain operational proximity with the CIC or BFCM custodian and with the Asset Management legal ecosystem.
Supporting UCI
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Creation of SICAV or FCP mutual funds
- With AMF approval ;
- With a declaration not requiring AMF approval.
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Routine changes to UCI
- With AMF approval (transfer) ;
- Without AMF approval (changes with a letter to unitholders) ;
- Ancillary changes without prospectus review ;
- Preparation of letters to unitholders and handing of exchanges with third parties (transactions involving UCIs deposited outside CIC or Banque Fédérative Crédit Mutuel).
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Specific changes
- Mergers of UCI excluding cross-border mergers/cross-border ;
- Creation of units ;
- Merger of units ;
- Splitting via asset transfers to at least one pre-existing UCI or via setting up new UCI.
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Management of the interface with the AMF and transmission of regulatory documents at each update
- Interface with the depositary plus transmission to the AMF ;
- Interface and communication with the AMF ;
- Integration of documentation towards fund administration, for updating legal bases.
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Notifications of marketing UCI in a European union country
Corporate life of SICAV mutual funds
The Legal Services offer handles all or part of the corporate life of the SICAV mutual funds that its financial institution clients wish to set up or manage. Whether in "creation" or "acquisition" mode, our employees are able to assess our clients' needs, work closely with their internal control and compliance officers or their experts, and define together the timetables and critical stages of all their projects.
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Closure of accounts
- Preparation of documents for the Board of Directors ;
- Preparation of documents for General Meetings ;
- Upstream interactions with partners (Auditors, Advisers, etc.) ;
- Holding of the Ordinary General Meeting ;
- Holding of the Extraordinary General Meeting or Combined General Meeting ;
- Custody and keeping registry.
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Specific requests
- Additional board meetings (SAS or SA : simplified or standard legal structures under French law) ;
- Preparation of an EGM ;
- Preparation of a CGM ;
- Creating the file for registration with a Clerk of the Court (where the SICAV was created by other providers) ;
- Creating the deregistration file and conducting formalities with the Clerk of the Commercial Court.