Introduction and operating of a whistleblowing system.
Smart sourcing for all UCITS an ManCo’s by www.whistleblowing.lu
By setting into force the Law of 10th Mai 2016 to implement the UCITS regulation by article 32 the Law of 17th Dezember 2010 relating to undertakings for collective investment a new article 149teris inserted. By paragraph (4) of this article all undertakings in collective Investments, the Management companies, the custodians and all parties envolved with the administration of undertakings in collective Investments have to provide for their members of staff a system the can be used to disclose any anomalies and breaches against this law. This System must be specific, independant and autonomous.
We address the service offer „Whistleblowing“, very common for banks and anglo-saxon jurisdictions, to UCITS management companies in Luxembourg that have to implement a whistleblowing procedure to be compliant with the new UCITS5 reguglation.