legal information.

legal and regulatory information.


Please read the IMPORTANT INFORMATION below before proceeding, as it explains certain restrictions on the distribution of information available on this website (hereinafter the “Site”).

 

1. Lombard Odier website

This website is operated by Bank Lombard Odier & Co Ltd or another entity of the Lombard Odier Group and may be consulted for information purposes in relation to certain Group entities.


2. Access

Access to this Site is not permitted to any person in any jurisdiction (by way of domicile, residence, nationality, or otherwise) where the publication or availability of the Site would result in a violation of any applicable law or regulation. In particular, this Site is not intended for residents of the United States. If you are from such a jurisdiction, you are not authorized to proceed and must exit this Site immediately. If you are not from such a jurisdiction, you may proceed to the Site after reading and agreeing to the following terms and conditions.


3. Local restrictions

a. General

This Site does not constitute an offer or solicitation to sell stocks or units in mutual funds or other securities, or an offer to provide investment advisory services or other services referred to on this Site, to any person from a jurisdiction in which such an offer, solicitation, or distribution would be illegal, or in which the person making such offer or solicitation is not authorized to do so, or to any other person to whom it is illegal to make such offer or solicitation. Deposits may only be accepted by entities of Lombard Odier authorized to do so, and shall not be accepted from any investors in any jurisdiction in which such activity would violate local laws or regulations.

b. United States

Lombard Odier shall not provide the products and services described on this Site to US Persons, as defined under the United States Securities Act of 1933, as amended (hereinafter the "Securities Act"). The units or stocks described on the Site shall not be registered under the Securities Act or any other applicable United States securities laws (including, without limitation, any applicable law of any of the states of the United States). Such units or stocks may not be directly or indirectly offered or sold in the United States or any of its territories and possessions or areas subject to its jurisdiction or to or for the benefit of a US Person. By proceeding, you warrant that you are not a US Person.

c. United Kingdom

To the extent that any services, information, or opinions available on the Site are aimed at residents of the United Kingdom, such services, information, and opinions have been approved by Lombard Odier (Europe) S.A. UK Branch. The bank is authorized and regulated by the CSSF in Luxembourg and its branch in the UK by the Prudential Regulation Authority and the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Registered in Luxembourg No. B169907. Lombard Odier (Europe) S.A. UK Branch does not provide tax advice. Persons or entities dealing with entities of Lombard Odier outside the United Kingdom may not be entitled to protection under UK legislation or compensation under the Financial Services Compensation Scheme.


4. Copyright

All material on the Lombard Odier website is protected by copyright, subject to any rights accruing to third parties. You may not reproduce (either in full or in part), transmit (electronically or by any other means), alter, create a link to, or use the website for public or commercial use of any kind without the written permission of Lombard Odier.


5. No reliance/no representation or warranty

The information made available on the Site has been prepared by Lombard Odier, which has used all reasonable care to ensure that it is fair, accurate, and complete. Lombard Odier makes no representation or warranty, either express or implied, as to the accuracy, completeness, or fitness for any purpose or use of such information whatsoever.

Lombard Odier cannot guarantee that the information found on the Site has not been distorted as a result of technical malfunctions (disconnection, interference by third parties, viruses, etc.)

Nothing contained in the Site shall be construed as constituting specific investment, legal, tax, or other advice. The information or opinions contained therein have no relevance to the specific investment objectives, financial situation, or particular needs of any individual recipient of said information. You are advised to obtain specific, personal, and appropriate professional advice before making any investment decision. The information and opinions contained in the Site are provided for personal and informational purposes only and are subject to change without notice.

The value of investments in any securities, derivative products, shares, or mutual funds may go down as well as up, and, as a result, the investor may not get back the amount originally invested. Past performance is no guarantee of future performance.


6. Material interest

Lombard Odier and/or its partners, directors, officers, and employees may have or may have had an interest or positions in, or may, as market makers, trade or have traded in the securities described on the Site. Furthermore, such entities or persons may have or may have had a seat on the boards of the companies issuing such securities.


7. Limitation of liability

To the extent permitted by law, Lombard Odier shall not be liable, including in the case of negligence, for any loss or damage howsoever caused, including but not limited to any direct, indirect, or consequential loss or damage, arising out of or related to the access to, use of, browsing in, or downloading from the Site or any other site linked thereto.

With the exception of entities based in Switzerland, the various entities of Lombard Odier have their own separate legal personality and provide their services in their own name and exclusively at their own risk.


8. Linked websites

The Site may contain links to other websites controlled or offered by third parties. Lombard Odier has not reviewed any of these linked websites, and makes no representation or warranty in respect of information or material available there. In linking a third-party website to the Site, Lombard Odier neither assumes nor accepts any responsibility or liability whatsoever in respect of products or services offered on such website.


9. No offer

Nothing contained on this Site constitutes an offer or part offer to provide asset management or advisory services, either on a discretionary or non-discretionary basis, other than under the terms of an agreement that accords with applicable laws and regulations. No information contained on this Site shall be deemed to constitute an invitation to subscribe for or otherwise acquire securities, derivative products, or units in mutual funds.


10. Mutual funds

The Site contains information on a large number of mutual funds registered and managed in different jurisdictions. You shall be required to inform us about your place of residence before you may access any specific information on such funds. Consequently, your access will be limited to the funds registered for sale in your country of residence.


11. Contacts by e-mail and Skype

This Site allows you to contact Lombard Odier by e-mail or via the Skype telephone system. As such communications use the Internet, a public network over which Lombard Odier has no control, they may be intercepted, altered, or lost. Lombard Odier disclaims all liability in respect thereof.


12. Applicable law

Use of the Site shall be subject to Swiss law, which shall exclusively govern the interpretation, application, and effect of all the conditions of use set out above. The courts of Geneva shall have exclusive jurisdiction over all claims or disputes arising out of or in connection with the Site and its use.

legal information per juridiction

Packaged Retail and Insurance-based Investment Products (PRIIPs)

PRIIPs is a European Union (EU) product regulation establishing the obligation for persons manufacturing a PRIIPs to draw up a “Key Information Document” (KID), and for persons selling or providing advice to retail clients on a PRIIPs within the EU to provide these with the KID, before the retail client is bound by the transaction.


What is PRIIPS?

The PRIIPs regulation defines a “PRIIP” as an investment where, regardless of the legal form of the investment, the amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets which are not directly purchased by the retail investor, or which is an insurance product that offers a maturity or surrender value that is wholly or partially exposed, directly or indirectly, to market fluctuations.

Said simply: PRIIPs are packaged retail and insurance-based investment products such as funds, insurance-based investments, structured products, derivatives, and investments issued by some special purpose vehicles. Certain debt securities might also fall within the definition of a PRIIP.


What is a KID?

The Key Information Document (KID) is a standardised factsheet designed to present the main features of an investment product in a simple, accessible and comparable manner.


Who is required to receive a  KID?

All retail clients located in EU to whom a PRIIP is directly sold or advised on should receive a KID before the execution of the trade. The purpose is to enable to the client to make an informed investment decision prior to being bound by the investment.


From when should I expect to receive this document?

The PRIIPs regulation, requiring the provision of a KID pre-transaction, will come into force on the 1st of January 2018. If you have an advisory mandate with one of our private banks based in the European Union (Lombard Odier (Europe) S.A. or Lombard Odier & Cie (Gibraltar) Ltd or deal directly with us under an execution only model, then you will receive a KID where you invest in a PRIIP.

As such, any trade that you wish to carry out in PRIIPs from this date, we will provide you with a KID pre-transaction. In some specific instances, for instance, where you expressly request information on a PRIIP for which a KID is not readily available and you would like to immediately transact, the KID will be provided to you after the trade, if you so consent it. 


How will I receive the KID?

The KID will be provided to you through the same means of communication you initially selected to receive correspondence from the bank. For clients singed up to our banking platform MyLO, the KID will be accessible there.


Can I find all KIDS here?

On this page you will only find KIDs for Lombard Odier Manufactured products. You may consult the KID for other PRIIPs products directly at the respective PRIIP’s manufacturer website.