Jupiter Asset Management Limited (JAM) and Merian Global Investors UK Limited (MGI UK Ltd) are MiFID regulated entities. Please find below information in relation to JAM & MGI UK Ltd and MiFID II.
Legal Entity Identifier
The Legal Entity Identifier (LEI) for Jupiter Asset Management Limited is 549300GK9KWVQKHQ5S16.
The Legal Entity Identifier (LEI) for Merian Global Investors UK Limited is 5493006XRZFHF1KWTY04
“Non complex” status of Jupiter funds
Jupiter has assessed that all of its UK and Luxembourg domiciled funds are non-complex under FCA and CSSF regulations respectively.
All of Merian’s UK and Ireland domiciled UCITS funds have been assessed as non-complex under FCA and CBI regulations respectively*. Merian’s 2 non-UCITS funds** are assessed as complex.
Please note that, although our determination of a product as complex or non-complex is based on our honest assessment of the relevant product, Jupiter gives no warranty and makes no representation that a product is suitable for a particular end-client. Our categorisation of the fund as complex or non-complex is in accordance with the UK’s implementation of MiFID II. The approach in the UK to the categorisation may differ from that of the European Securities and Markets Authority and that of National Competent Authorities in other EU jurisdictions.
It is the distributor’s responsibility in distributing products to make the final determination of products as complex or non-complex, and to ensure that products are properly distributed. In fulfilling these obligations, you need to take into account the specific requirements of both the end-investor as well as the relevant legal market where the product is being distributed.
*Due to the complexity of the asset class, there is a restriction on distributing the Merian Financials Contingent Capital Fund on an execution only basis within the fund’s target market definition.
** Merian Systematic Positive Skew Fund and MGI Arbea Fund
European MiFID Template
The European MiFID Template (EMT) set out and endorsed by EFAMA, provides an industry standard for the exchange of information on a products target market and costs and charges as required under the ESMA and FCA rules relating to the information of MiFID II.
The information contained within the EMT is provided to support distributors’ understanding of both Jupiter’s and Merian’s products and the type of clients they were designed to be compatible with.
Distributors are expected to meet their regulatory obligations to their clients prior to the sale of any Jupiter or Merian products.
The EMT disclosures are made solely for your use and you must not disclose or permit disclosure of any EMT document to any other person, including but not limited to any end-client. You may disclose an EMT document, by way of exemption to this general non-disclosure requirement, to a sub-distributor in the chain of distributors, in which case you must impose the same non-disclosure restriction on such sub-distributor.
Jupiter and Merian prepare the EMT documents using information it reasonably considers to be accurate. However, both Jupiter and Merian make no warranty that the information contained in any EMT document is appropriate or sufficient for any particular use or in any particular territory.
No EMT document has been prepared for the purpose of determining whether any fund is suitable for a particular end-client but rather for determining whether the fund is compatible with the needs of a target market of end clients. In providing any EMT document to you, Jupiter gives no warranty and makes no representation that the fund is suitable for a particular end-client. The duty to determine suitability rests with you or the person that has assumed responsibility for advising the end-client or otherwise determining whether the fund is suitable for that end-client.
Information on the following may be found in the Document Library of your relevant investor site:
- Conflicts of Interest Policy
- Product Governance Framework
- Order Execution Policy and Annual Best Execution Disclosure