HONOUR CODE
With the Code of Ethics, we pursue the following goals:
- To uphold and promote the reputation of its members,
- to ensure a high quality financial service to members,
- to ensure competent and responsible handling of their clients' assets by the members.
In the spirit of these goals, our members base their business activities on the following principles and guidelines.
IGUV has defined a Code of Ethics for its members, which sets out rules of conduct to uphold the reputation of its members and create a new industry standard.
Our members undertake to provide financial services free of sales requirements and instructions from third parties, to represent the interests of their customers when making recommendations and investment decisions and to deal responsibly with conflicts of interest, as well as to maintain customer relationships and agree transparent fees.
We expect our members to continuously inform their clients about the development of assets under management under the same valuation standards and to maintain confidentiality regarding all matters concerning their clients.
Our members are required to undergo continuous professional development.
We also expect our members to notify the Association immediately if their activity is discontinued, their license is revoked, or criminal proceedings are initiated against them.
With respect to other members, our members are encouraged to promote communication and sharing of experiences, to practice fairness and open dialogue, and to seek amicable resolution in advance of conflicts.
As asset managers or advisors, our members are obligated to maintain a factual and constructive dialogue with the supervisory authority, to comply with the legal requirements and other legal limits of the license, and to strictly observe the prohibition against acquiring ownership or possession of client funds or client securities.
Our members are also required to provide ongoing professional training for their employees, prevent the exploitation and disclosure of insider information, and set salary structures while avoiding "false incentives."
In public, our members shall raise industry awareness by mentioning their membership in our organization, promote awareness of "independent asset management" as a recommendable financial service for private and institutional investors, and present themselves in the media in an appropriate manner and promote their services and products in accordance with the requirements of financial supervision.
Our behavior
VIS-À-VIS CLIENTS
In view of the special ethical responsibility for the assets entrusted to him, the member undertakes,
- to provide the financial services free of sales specifications and instructions from third parties,
- to represent the interests of its clients when making recommendations and investment decisions and to deal responsibly with any conflicts of interest and disclose them to clients,
- to strive for a long-term customer relationship and to ensure that qualified employees are available for customers;
- agree on reasonable and transparent fees,
- to use only equipment whose essential functions he can understand and explain to his customers,
- report to its clients on the development of the assets under management in a comprehensible and continuous manner using the same valuation standards,
- customers as a reference only with their express consent,
- Maintain confidentiality with regard to all matters concerning his customer, also post-contractually,
- to continuously educate themselves professionally.
VIS-À-VIS THE UNITED
The member undertakes to inform the association immediately and without being asked if
- this one gives up his activity.
- his authorization is withdrawn.
criminal proceedings are opened against him or her.
VIS-À-VIS OTHER MEMBERS
The member is invited,
- To promote communication and exchange of experience among the members of the association,
- Practice fairness and open dialogue when dealing with professional colleagues,
- to seek open dialogue and amicable resolution in advance of any conflict with another member.
AS ASSET MANAGER OR ADVISOR
The member is
- The members of the Supervisory Board are required to maintain a factual and constructive dialogue with the Supervisory Board and to inform the Association about matters that may be of general interest to the Association,
- obliged to comply with the legal requirements and other legal limits of the approval,
- is obliged to strictly comply with the prohibition of acquiring ownership or possession of client funds or securities of its clients.
TOWARDS EMPLOYEES
The member is held
- ensure continuous professional training of its employees,
- prevent the exploitation and disclosure of insider information,
- to set salary structures while avoiding "false incentives".
IN PUBLIC
The member is held
- solidify industry awareness by mentioning its IGUV membership,
- to raise the profile of "independent asset management" as a particularly recommendable financial service for private and institutional investors,
- to present itself in an appropriate form in the media and to advertise its services and products in accordance with the requirements of the financial supervisory authority.
Introduction on 1 February 2021