Global Compliance with LawCards^®

Always up to date with LawCards^®

Investment regulations differ in each financial jurisdiction. LawCards^® are comprehensive predefined rule sets for MIG21^® covering country-specific legal investment restrictions of the world's major financial centres. They support all asset classes, also complex structured products and derivatives.

LawCards keep you up to date with compliance developments around the globe so your UCITS and Non-UCITS funds can be launched in new legal jurisdictions without overheads or delay. Amendments to legislation are incorporated into the LawCards to ensure constant validity.

Our LawCard Service originated in 2001 in the highly regulated German market and subsequently proven with UCITS III and SEC 1940 Act regulations in multiple jurisdictions.

Available LawCards^®

North America		United States	1940 Act (incl. 2a-7 Money Market Funds) IRS Subchapter M,L Article 14 (Investments) of the New York state insurance law Frequently used contractual rules
Europe		Austria	InvFG, PKG
		France	Code Monétaire et Financier (UCITS III, Non-UCITS)
		Germany	InvG, DerivateV, VAG (Insurance)
		Ireland	UCITS Notices: UCITS III NU Series of Notices: Non-UCITS
		Italy	UCITS III
		Liechtenstein	IUV
		Luxembourg	Law of 20 Dec 2002 (UCITS III), Circular 07/308
		Switzerland	KKV, KKV-EBK, BVV2
		United Kingdom	New Collective Investment Schemes (Coll): UCITS III, Non-UCITS, QIS
Asia		Hong Kong	MPF
		Singapore	Code on Collective Investment Schemes
General	Net Short Positions		New transparency rules for reporting of net short positions
	Sharia Compliance		Riba (prohibition of Interest) Ghom (share profit and loss) Gharar (prohibition of uncertainty) Haram (prohibited activities)
	Substantial Shareholding		Disclosure of major shareholding based on EU Directive 2004/109/EC Full security type coverage incl. derivatives All EU countries and major financial centres covered

The MIG21 LawCard Portal

With the LawCard Portal, Princeton Financial provides a value-added service offering an actively managed knowledge database that provides online access to law texts, comprehensive MIG21 rule records and documentation for each supported jurisdiction with download capability.

Access LawCard Portal

New Instrument Process

Our compliance experts support your New Instrument Process with advice on investment restrictions for new instruments. We also assist you in modelling corresponding rules as well as Structured Product decomposition or look-through in MIG21.

Rule Writing Service

Save time, let us write your new MIG21 rules quickly and efficiently.

Check out related risk and compliance solutions:

	Pre- & Post-Trade Compliance
	Order Management
Please don't hesitate to address any technical LawCard-related questions to MIG21-LawCard@pfs.com directly or simply call one of our local offices.