Transfer Agent / Paying Agent

As transfer agent, SNBL maintains each investment vehicle’s shareholder or unitholder register.

The opening procedure of a new shareholder / unitholder account is subject to compliance with applicable laws, regulations and other rules issued by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg regulator, ¬†to prevent money laundering and terrorist financing,¬†including rules and regulations concerning ‚ÄúKnow Your Customer‚ÄĚ (KYC) procedures.

Subscription, redemption, and switching orders  are processed on the relevant investment vehicle's net asset value calculation date and confirmations are dispatched according to the communication means specified by the applicant. As paying agent, we process the payment of the investment vehicle's dividends and their (automatic) distribution to the entitled shareholders / unitholders.