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Compliance and regulations

Along with all the entities that make up the Societe Generale Group, we strive to comply with current regulations and provide our clients with information to help them understand our obligations in this area.

FATCA: complying with the regulation

Societe Generale Group has mobilized its business lines, entities and branches worldwide to prepare itself to become compliant with certain US legislation in 2010, commonly known as FATCA (Foreign Account Tax Compliance Act), that took effect in 2014.  

For further information : FATCA

Global Intermediary Identification Number (GIIN) of Société Générale Bank & Trust: GIIN [+]

 

Your questions / our answers: better understanding the european direct debit

Since October 1, 2012, the migration from the direct debit system of Luxembourg toward the SEPA Direct Debit (SDD), i.e. the European direct debit system, has been gradually implemented. The SDD has permanently replaced the national direct debit system on 1 February 2014.

This payment method is part of the broader SEPA project (Single Euro Payments Area), which is designed to create a single set of payment methods in euros that can be used throughout the countries in the SEPA.

For further information, click on the document below:  
Better understanding the European direct debit (or SEPA Direct Debit)

KIID: a correct understanding of the UCITS in which you invest

The KIID (Key Investor Information Document) presents you with the essential information on the nature and risks of the UCITS, so that you can deccide on an investment with full knowledge of the facts. This information is presented in a clear and non-technical manner in a standard format.

It notably contains:

  • the identity of the fund and the name of the management company,
  • a description of the objectives and the investment policy,
  • an indicator of the risk/return profile,
  • indications of the expenses borne by the fund,
  • a histogram of historic performances.

To access the information about KIID, click on the following link: sgfundsolutions 

Payment Services Directive (PSD)

Since November 1, 2009, the Payment Services Directive (PSD) now applies to all member states of the European Economic Area.

The directive provides a legal framework for the creation of an EU-wide single market for payments. Its aim is to reinforce the protection of consumers by establishing a more detailed and transparent set of rules.

For further information, click on the document below:  
Payment Services Directive (PSD)

MiFID Information

The European Markets in Financial Instruments Directive or MiFID, in effect as of November 1, 2007, aims to:

  • strengthen investor protection, by providing investors with more detailed information on potential investments;
  • guarantee the appropriateness between the products or services recommended or offered and the investor profile;
  • ensure execution of orders that guarantee the best possible result.

Attached are the different documents providing our clients with further information on the subject: