Richtl.-konf. SV

English translation: UCITS fund(s)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Richtl.-konf. SV
English translation:UCITS fund(s)
Entered by: Douglas Arnott

08:22 Aug 29, 2012
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Richtl.-konf. SV
The term comes in a table taken from a set of investment guidelines (which I don't have).

Gesetz des Oberfonds: InvG 2011 i.V.m. § 6 Abs.1 S.1 DerivateV (Richtl.-konf. SV/ qual. Ansatz)
Douglas Arnott
Local time: 15:14
UCITS fund(s)
Explanation:
"richtlinienkonform" means that the "Sondervermögen" = (investment) fund complies with the "OGAW-Richtlinie" (UCITS Directive).

See e.g.

http://www.wallberg.eu/documents/4722b1b4bd8e1b07f1f2cdcb2fb...

Conversely, "nicht richtliniekonform" is "non-UCITS" (see e.g. http://www.bafin.de/SharedDocs/Downloads/DE/Liste/Unternehme...
Selected response from:

RobinB
United States
Local time: 09:14
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1UCITS fund(s)
RobinB
3*directive-compliant special assets*
dkfmmuc
3UCITS compliant investment fund
barbarameyer
Summary of reference entries provided
Richtlinienkonforme Sondervermögen
barbarameyer

  

Answers


24 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
*directive-compliant special assets*


Explanation:
The term answered consists of two parts.

Part one:
*richtl.-konf.* is the abbreviation for richtlinien-konform. The meaning is: Every fund is classified being in one of the risk categories and suitable for a different type of investor. Therefore a "low risk" funds is only able to invest in public bonds and similar interest-earning investment vehicles. A funds with a communicated higher risk-chance profile is also enabled to invest e.g. in turn-around companies.
Therefore all investments have to be Directive-compliant to whatever ruling for the special type of funds is valid.

Part two:
SV -> Sondervermögen
The legislation has learnt due to some defaulting trustees and/or funds. Therefore the amounts invested are NOT paid in to the current account of the investment company but a completely separated account only used for this investment funds.
All assets and money invested has to be managed completely separated from the net equity of the issuer/funds company.

This Sondervermögen could be translated as being *special assets*.

Hope this helps.

dkfmmuc
Local time: 15:14
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
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28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
UCITS compliant investment fund


Explanation:
WestLB Mellon WerteFonds is a “Richtlinienkonformes Sondervermögen” (UCITS compliant investment fund) within the meaning of the German Investment Act (Investmentgesetz; InvG).
http://tinyurl.com/9xhvpkj



The Undertakings for Collective Investment in Transferable Securities, Directive 2001/107/EC and 2001/108/EC (or "UCITS") are a set of European Union Directives that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state.
http://en.wikipedia.org/wiki/Undertakings_for_Collective_Inv...

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Note added at 31 mins (2012-08-29 08:53:48 GMT)
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Richtlinienkonforme Sondervermögen UCITS-compliant funds
http://tinyurl.com/8amsejk

barbarameyer
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
Login to enter a peer comment (or grade)

34 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
UCITS fund(s)


Explanation:
"richtlinienkonform" means that the "Sondervermögen" = (investment) fund complies with the "OGAW-Richtlinie" (UCITS Directive).

See e.g.

http://www.wallberg.eu/documents/4722b1b4bd8e1b07f1f2cdcb2fb...

Conversely, "nicht richtliniekonform" is "non-UCITS" (see e.g. http://www.bafin.de/SharedDocs/Downloads/DE/Liste/Unternehme...

RobinB
United States
Local time: 09:14
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 63

Peer comments on this answer (and responses from the answerer)
agree  writeaway: an explanation is always helpful
34 mins
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Reference comments


20 mins peer agreement (net): +1
Reference: Richtlinienkonforme Sondervermögen

Reference information:
Investmentgesetz (IG 2007): The system supports IG 2007 for the following fund types
(„Sondervermögen“): „Richtlinienkonforme SV“, „Gemischte SV“, „Spezial-SV“, „SV mit zu-
sätzlichen Risiken“.
http://www.allocare.com/pdf/AllocareAMS_Release_Information_...

barbarameyer
Native speaker of: Native in GermanGerman, Native in EnglishEnglish

Peer comments on this reference comment (and responses from the reference poster)
agree  dkfmmuc: A neck-and-neck-race, isn´t it? EDIT: Great reply, thks :-)
4 mins
  -> If you see a "race" here, it's a race from nowhere through nowhere to nowhere. Cheers.
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