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Governance documentation

FDC's code of ethics

In May 2006, the FDC's Board of Directors drew up a code of ethics to be applied by all of its collaborators as well as by its managing bodies (FDC's Board of Directors and Investment Committee). The FDC requires its partners to base their business practice on similar principles.

FDC's directive

The initial directive concerning the investment principles, management rules and organisation of the supervision and control of the investments dated 2005 was amended in 2010, 2013 and beginning 2016. The latest version has been approved by the Board of Directors of the FDC during March 2016. Finally and in accordance with article 261, subparagraph 3 of the social security code Code de la sécurité sociale, the directive was approved by the Minister of Social Security on 14 March 2016.

FDC's articles of association

As a result of the law of 2008 concerning the introduction of a unified statute for private sector employees, the amended articles of association of the FDC were approved by the Board of Directors during its meeting of 17 December 2009. These amended articles of association were published in the Mémorial, the official journal of the Grand Duchy of Luxembourg, on 9 April 2010.

The SICAV's articles of assocation

The articles of association of the SICAV were published in the Mémorial on 2 August 2007.

The SICAV's issue document

Legislation requires every SICAV to draw up an issue document that must be continuously updated and which is subject to the approval of the Luxembourgish financial regulatory authority Commission de surveillance du secteur financier. The investment policy specific to each sub-fund of the SICAV is set out in FDC's Issue document which therefore constitutes the reference document for the custodian bank and the central administration, the various portfolio managers and the independent auditor of the SICAV.