Universe, the CMI Global Network Fund
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Universe, The CMI Global Network Fund Prospectus November 2018 VISA 2018/114612-762-0-PC L'apposition du visa ne peut en aucun cas servir d'argument de publicité Luxembourg, le 2018-11-23 Commission de Surveillance du Secteur Financier - 2 - UNIVERSE, THE CMI GLOBAL NETWORK FUND This prospectus (the "Prospectus") is published in connection with the continuous offer to investors to subscribe for thirty-five Sub-Funds, some of them containing two or more Classes of Shares in UNIVERSE, THE CMI GLOBAL NETWORK FUND. The Fund is an investment company organised as a société anonyme under the laws of the Grand Duchy of Luxembourg and is qualified as a société d'investissement à capital variable (SICAV). The Fund is established for an undetermined duration but may be dissolved by resolution of an extraordinary general meeting of Shareholders. The Fund was incorporated in Luxembourg on 12 April 1990 and its Articles were published in the Mémorial C, Recueil des Sociétés et Associations (the "Mémorial") on 27 June 1990. They were amended for the last time by notarial deed of 30 December 2014 which has been published in the Mémorial on 21 February 2015. The Articles provide that the exclusive object of the Fund is to place the funds available to it in transferable securities, money market instruments and other permitted assets of any kind with the purpose of spreading investment risks and affording its Shareholders the results of the management of its Sub-Funds. It is subject to the Luxembourg laws of 10 August 1915 on commercial companies (as amended) and to the Part I of the Luxembourg Law of 17 December 2010 on undertakings for collective investments, as may be amended from time to time (the "2010 Law"). The Fund has been registered with the Registre de Commerce et des Sociétés de Luxembourg under number B33463. The Fund is a collective investment scheme pursuant to the provisions of Section 264 of the United Kingdom Financial Services and Markets Act 2000 (the "Act"). Notice has been given to the Financial Conduct Authority pursuant to the Act and the Fund has become recognised for the purposes of the Act. In Germany, the Fund is registered with the Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin). The Directors of the Fund, whose names appear in the section "Board of Directors of the Fund", are the persons responsible for the information contained in the Prospectus. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in the Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. The Shares in the capital of the Fund in issue from time to time are listed on the Euro Multilateral Trading Facility. The Shares which are described in this Prospectus have not been and will not be registered under the United States Securities Act of 1933, the United States Investment Company Act of 1940 or the securities laws of any of the states of the United States of America and may not be directly or indirectly offered or sold in the United States of America to or for the account or benefit of any U.S. Person, except pursuant to an exemption from, or in a transaction not subject to, the - 3 - registration requirements of the United States Securities Act of 1933, the United States Investment Company Act of 1940 and similar requirements of such state securities laws Neither the Fund nor the Sub-Funds have been or will be registered under the United States Investment Company Act of 1940, as amended. Investment in Shares by or on behalf of US Persons is not permitted. The Articles of the Fund contain provisions designed to prevent the holding of its shares by US Persons under circumstances that would cause the Fund to violate United States law, and require the immediate redemption or purchase under certain circumstances of shares purchased or beneficiary owned by US Persons. The Prospectus does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. The circulation and distribution of the Prospectus and/or the application form and the offering of any Class or Classes of Shares may be restricted in certain jurisdictions. It is the responsibility of any persons in possession of the Prospectus and/or the application form and any persons wishing to apply for Shares pursuant to the Prospectus and/or the Application form to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdictions including any applicable exchange control regulations and taxation consequences in the countries of their respective citizenship, residence or domicile. Any information given, or representation made, by any dealer, salesman or other person and not contained in the Prospectus should be regarded as unauthorised and should accordingly not be relied upon. Neither the delivery of the Prospectus nor the offer, issue or sale of any Class or Classes of Shares shall, under any circumstances, constitute a representation that the information given in the Prospectus is correct as of any time subsequent to the date of the Prospectus. It should be noted that investors' rights under the Fund may not be protected by the United Kingdom Financial Services Compensation Scheme. Any investor wishing to make a complaint regarding any aspect of the Fund or its operations may do so to the Fund, to the Management Company or, in the United Kingdom to Clerical Medical Financial Services Limited, at their respective addresses set out below. The Fund draws the investors' attention to the fact that any investor will only be able to fully exercise his investor's rights directly against the Fund, notably the right to participate in general meetings of the Shareholders, if the investor is registered himself and in his own name in the register of Shareholders of the Fund. In case where an investor invests in the Fund through an intermediary investing in the Fund in his own name but on behalf of the investor, it may not always be possible for the investor to exercise - 4 - certain Shareholder rights directly against the Fund. Investors are advised to take advice on their rights. As in the case of any investment, the prices of Shares in the Fund may go down as well as up. There can be no certainty that the investment objectives of any particular Sub-Fund will be achieved. The purchase of Shares in the Fund is not the same as placing the funds on deposit with a bank or deposit taking company. The Fund has no obligation to redeem Shares at the offer value. Investors are informed that their personal data or information given in the application form or otherwise obtained in the course of their relationship as Shareholders in the Fund will be collected, stored in digital form and otherwise processed by the Fund, the Management Company, the Investment Managers, the Depositary, the Administrative Agent, any entity of the Lloyds Banking Group and/or their agents and delegates (together hereafter the “Entities”) in compliance with the data protection law applicable in Luxembourg (including but not limited to the provisions of the Luxembourg Law of 2 August 2002 on data protection) as data processor or data controller, as appropriate. Personal data includes identification data, account information, contractual and other documentation and transactional information of investors and/or their representatives, authorised signatories or ultimate beneficial owners. Personal data will be processed for the purposes of processing subscription and redemption orders, maintaining registers of Shareholders, corporate actions and carrying out the services provided by the Entities as well as to comply with legal and regulatory obligations including, but not limited to, legal obligations under applicable fund and company law, anti-money laundering legislation, FATCA regulations, common reporting standard ("CRS") or similar laws and regulations at OECD or EU level. Investors are also informed that, in general practice, telephone conversations and instructions may be recorded, as proof of a transaction or related communication. Such recordings will be processed in accordance with data protection law applicable under Luxembourg and shall not be released to third parties, except in cases where the Fund, the Management Company or/and Administrative Agent are compelled or entitled by laws or regulations or court order to do so. Personal data shall be disclosed to third parties where necessary for legitimate business interests or required by laws and regulations or court order. This may include disclosure to third parties such as governmental or regulatory bodies including tax authorities, auditors, accountants, investment managers, investment advisers, paying agents and subscription and redemption agents, distributors as well as permanent representatives in places of registration and any other agents of the Entities who may process the personal data for carrying out their services and complying with legal obligations as described above. Investors accept the aforementioned processing of their personal data and, in particular, the disclosure of their personal data to, and the processing of their personal data by, the Entities referred to above which may be located in countries outside the European Union (including the United States of America, Australia, Canada, Hong Kong, Malaysia, Singapore and Switzerland), and which may not offer protection similar to the data protection laws in Luxembourg and the European Union. - 5 - Investors acknowledge and accept that failure to provide relevant personal data requested by the Fund, the Management Company and/or the Administrative Agent in the course of their relationship with the Fund may prevent them from maintaining their holdings in the Fund and may be reported by the Fund, the Management Company and/or the Administrative Agent to the relevant Luxembourg authorities.