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Projet de modification de la LPCC soumis 脿 consultation – CDBF
<!doctype html> <html lang="fr-FR" class="no-js"> <head> <meta charset="UTF-8"> <title> Projet de modification de la LPCC soumis 脿 consultation – CDBF </title> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <script type="text/javascript"> /* <![CDATA[ */ var gform;gform||(document.addEventListener("gform_main_scripts_loaded",function(){gform.scriptsLoaded=!0}),document.addEventListener("gform/theme/scripts_loaded",function(){gform.themeScriptsLoaded=!0}),window.addEventListener("DOMContentLoaded",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>"function"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn("The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1."),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener("gform_main_scripts_loaded",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener("gform/theme/scripts_loaded",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener("DOMContentLoaded",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook("action",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook("filter",o,r,e,t)},doAction:function(o){gform.doHook("action",o,arguments)},applyFilters:function(o){return gform.doHook("filter",o,arguments)},removeAction:function(o,r){gform.removeHook("action",o,r)},removeFilter:function(o,r,e){gform.removeHook("filter",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+"_"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){"function"!=typeof(t=o.callable)&&(t=window[t]),"action"==r?t.apply(null,e):e[0]=t.apply(null,e)})),"filter"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}}); /* ]]> */ </script> <meta name="viewport" content="width=device-width, initial-scale=1.0, minimum-scale=1.0"> <meta name="theme-color" content="#ea2221"> <link href="https://cdbf.ch/wp-content/themes/cdbf/img/favicon.ico" rel="shortcut icon"> <link href="https://cdbf.ch/wp-content/themes/cdbf/img/apple-touch-icon.png" rel="apple-touch-icon-precomposed"> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' /> <style>img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px }</style> <!-- This site is optimized with the Yoast SEO plugin v24.7 - https://yoast.com/wordpress/plugins/seo/ --> <title>Projet de modification de la LPCC soumis 脿 consultation – CDBF</title> <link rel="canonical" href="https://cdbf.ch/766/" /> <meta property="og:locale" content="fr_FR" /> <meta property="og:type" content="article" /> <meta property="og:title" content="Placements collectifs de capitaux : Projet de modification de la LPCC soumis 脿 consultation - CDBF" /> <meta property="og:description" content="Le 6 juillet 2011 le Conseil f茅d茅ral a publi茅 pour consultation le projet de r茅vision partielle de la LPCC ainsi que son rapport explicatif. Le l茅gislateur a exprim茅, par le biais de cette r茅vision, sa volont茅 d’am茅liorer la protection des investisseurs ainsi que la qualit茅 et la comp茅titivit茅 des acteurs du march茅 financier suisse. 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href="https://cdbf.ch/category/placements-collectifs/">Plus d'articles en relation</a> </div> <div class="col-lg-9 order-0 order-lg-1 the_content"> <div class="px-lg-4 px-xl-5 position-relative"> <h2 class="h5 font-light"><span class="text-red">Placements collectifs de capitaux</span></h2> <h1> Projet de modification de la LPCC soumis 脿 consultation </h1> <!-- auteur --> <nav class="mobile-only mt-4 d-flex align-items-center"> <a class="bubble bubble-lg mb-2 mr-2" href="https://cdbf.ch/author/meregalli/"> <img class="img-fluid" src="https://cdbf.ch/wp-content/themes/cdbf/img/default_profile.png" /> </a> <h6 class="text-uppercase text-black font-light mb-2 mr-4"> <a class="text-black" href="https://cdbf.ch/author/meregalli/"> Samantha Meregalli Do Duc</a> </h6> </nav> <!-- /auteur --> <div class="d-flex align-items-center justify-content-start"> <ul class="nav translations-list"> </ul> </div> <div class="lead mt-4"> <p>Le 6 juillet 2011 le Conseil f茅d茅ral a publi茅 pour consultation le <a href="http://www.efd.admin.ch/dokumentation/gesetzgebung/00571/02278/index.html?lang=fr&download=NHzLpZeg7t,lnp6I0NTU042l2Z6ln1ae2IZn4Z2qZpnO2Yuq2Z6gpJCDeoN6f2ym162epYbg2c_JjKbNoKSn6A--" target="_blank">projet de r茅vision partielle de la LPCC</a> ainsi que son <a href="http://www.efd.admin.ch/dokumentation/gesetzgebung/00571/02278/index.html?lang=fr&download=NHzLpZeg7t,lnp6I0NTU042l2Z6ln1ae2IZn4Z2qZpnO2Yuq2Z6gpJCDeoN5hGym162epYbg2c_JjKbNoKSn6A--" target="_blank">rapport explicatif</a>.<br /> Le l茅gislateur a exprim茅, par le biais de cette r茅vision, sa volont茅 d’am茅liorer la protection des investisseurs ainsi que la qualit茅 et la comp茅titivit茅 des acteurs du march茅 financier suisse. Ainsi, les prescriptions concernant l’administration, la garde et la distribution de placements collectifs vont 锚tre adapt茅es aux nouvelles normes internationales.<br /> Les principales modifications concernent :</p> <p><strong>Autorisation pour les gestionnaires suisses de fonds 茅trangers</strong><br /> Actuellement, seuls les gestionnaires de fonds suisses sont obligatoirement soumis 脿 autorisation. Les gestionnaires de fonds 茅trangers peuvent, quant 脿 eux, demander une autorisation seulement sur une base volontaire lorsqu鈥檌ls remplissent certaines conditions. La nouvelle loi devrait soumettre 脿 la LPCC et, ainsi, 脿 autorisation tous les gestionnaires suisses de fonds, ind茅pendamment du fait qu鈥檌l s鈥檃gisse de fonds suisses ou 茅trangers. Par contre, une convention de coop茅ration et d鈥櫭ヽhange de renseignements entre la FINMA et toutes les autorit茅s de surveillance concern茅es devra avoir 茅t茅 conclue.<br /> La nouvelle loi pourrait accorder 脿 la FINMA la comp茅tence de soustraire 脿 certaines dispositions de la LPCC les gestionnaires 脿 qui la gestion des actifs du placement collectif a 茅t茅 d茅l茅gu茅e.<br /> <strong>Exigences pour les titulaires d鈥檃utorisation</strong><br /> Il est propos茅 de relever les exigences concernant les titulaires d鈥檃utorisation de fa莽on 脿 锚tre conformes aux standards internationaux. Il s鈥檃git par exemple d鈥檌ntroduire un minimum de fonds propres pour les SICAF ou, de fa莽on g茅n茅rale, d鈥檃dapter l鈥檕rganisation 脿 l鈥檃ctivit茅 d茅ploy茅e ou de pr茅venir les conflits d鈥檌nt茅r锚ts.<br /> <strong>Banque d茅positaire</strong><br /> D鈥檜n c么t茅, l鈥檕bligation de recourir 脿 une banque d茅positaire sera 茅tendue, dans une certaine mesure, aux placements collectifs ferm茅s (lesquels peuvent aujourd鈥檋ui faire appel 脿 un service de paiement ou de d茅p么t).<br /> De l鈥檃utre, il est pr茅vu d鈥櫭﹖ablir des exigences claires afin d鈥檃gir en tant que banque d茅positaire et de revoir sa responsabilit茅 en cas de d茅l茅gation.<br /> <strong>D茅finition d鈥檌nvestisseurs qualifi茅s</strong><br /> Les clients ayant conf茅r茅 un mandat de gestion de fortune 脿 une banque ne devraient plus 锚tre consid茅r茅s comme des investisseurs qualifi茅s. Il est en outre tr猫s probable que les clients qui ont conf茅r茅 des mandats de gestion de fortune 脿 d鈥檃utres interm茅diaires financiers ne soient plus non plus 脿 l鈥檃venir consid茅r茅s comme des investisseurs qualifi茅s. L鈥橭PCC serait modifi茅e dans ce sens.<br /> Des comp茅tences techniques pourront aussi 锚tre requises pour pouvoir jouir du statut d鈥檌nvestisseur qualifi茅. Ce sera notamment le cas pour les investisseurs fortun茅s (HNWI) qui d茅tiennent au moins deux millions de francs suisses d鈥檃ctifs nets.<br /> <strong>R茅glementation de la distribution et fin de la notion d鈥檃ppel au public</strong><br /> La distribution des placements collectifs, qu鈥檈lle soit faite 脿 des investisseurs qualifi茅s ou pas, sera r茅glement茅e par la LPCC. Dans ce but et pour mettre un terme 脿 la confusion qui r猫gne aujourd鈥檋ui, la notion de 芦 appel au public 禄 sera remplac茅e par celle de 芦 distribution 禄.<br /> En cons茅quence, toute personne qui distribuera des placements collectifs devra 锚tre autoris茅e.<br /> <strong>Introduction du Key Investor Information Document (KID)</strong><br /> Le prospectus simplifi茅 a d茅j脿 茅t茅 remplac茅 par le KID. Il s鈥檃git ici d鈥檜ne modification purement formelle afin d鈥檃dapter la terminologie de la loi.<br /> <strong>Repr茅sentant de placements collectifs 茅trangers</strong><br /> Tous les fonds 茅trangers qui sont distribu茅s en Suisse ou 脿 partir de la Suisse 脿 des investisseurs – qualifi茅s ou non – devront mandater un repr茅sentant l茅gal en Suisse. Celui-ci sera soumis 脿 la LPCC et, en cons茅quence, devra obtenir l鈥檃utorisation de la FINMA.<br /> De plus, une convention de coop茅ration et d鈥櫭ヽhange de renseignements entre la FINMA et toutes les autorit茅s de surveillance concern茅es, devra avoir 茅t茅 conclue.<br /> Le d茅lai pour la proc茅dure de consultation est fix茅 au 6 octobre prochain et il est pr茅vu que la loi entre en vigueur dans le premier semestre 2012.<br /> De nombreux aspects devront encore 锚tre pr茅cis茅s et feront vraisemblablement partie de la l茅gislation d鈥檈x茅cution. Il s鈥檃git notamment des r猫gles <em>de minimis</em> pour la gestion ou la distribution de placements collectifs de capitaux, de l鈥檃ssouplissement des conditions d鈥檃utorisation des gestionnaires 脿 qui la gestion de placements collectifs de capitaux a 茅t茅 d茅l茅gu茅e, de la notion d鈥檌nvestisseur qualifi茅 ainsi que des informations 脿 donner aux investisseurs qualifi茅s.</p> </div> </div> </div> </div> </div> </main> <footer id="footer" class="py-5"> <div class="container"> <div class="row"> <div class="col-lg-2 mb-4 mb-lg-0 text-center text-lg-left"> <img class="img-fluid" alt="Unige" src="https://cdbf.ch/wp-content/themes/cdbf/img/unige.png"> </div> <div class="col-lg-6"> </div> <div class="col-lg-4"> <nav class="nav flex-column align-items-center align-items-lg-end text-right"> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/impressum/">Impressum</a> <a class="nav-link text-white font-sans-serif small" href="mailto:webmaster@cdbf.ch">Webmestre</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/charte-editoriale/">Charte 茅ditoriale</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/politique-dutilisation-des-cookies/">Politique d’utilisation des cookies</a> <a class="nav-link text-white font-sans-serif small" href="https://cdbf.ch/le-centre/contact/">Contact</a> </nav> </div> </div> </div> </footer> <div id="cookiebar" class="fixed-bottom w-100 text-light py-3" style="display:none;"> <div class="container"> <div class="row"> <div class="col-md-10 small"> Ce site utilise des cookies 脿 des fins de statistiques, d鈥檕ptimisation et de marketing cibl茅. 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