Regulatory Requirements

FinSA Client information

Based on the legal requirements of Art. 8ff. of the Financial Services Act (FINSA), we would like to supply you with this information sheet which provides an overview of Global Capital Trust (hereinafter referred to as the «financial institution») and its services.

A. Company information

Address

The financial institution was established in its current form in 2013.

Supervisory authority and audit firm

Currently (as of: December 2022), the financial institution is supervised by the self-regulatory organization PolyReg. With the new Financial Institutions Act (FinIA), all financial institutions will in future need a license from FINMA to carry out their professional activities as a portfolio manager according to FinIA Art. 17. Global Capital Trust AG is also subject to this regime and has submitted its application to FINMA on time. The future authorization status can be found on the homepage.

The financial institution is audited and reviewed by the auditing company Il Fiduciario SA both in terms of supervisory law and in terms of obligations. The address of the supervisory organization and Il Fiduciario SA can be found below.

Ombudsman

The financial institution is affiliated with the independent ombudsman FINSOM, which is recognized by the Federal Department of Finance. Disputes concerning legal claims between the client and the financial services provider should be settled by an ombudsman’s office, if possible, within the framework of a mediation procedure. The address of FINSOM is stated below.

B. Information on the offered financial services

The financial institution provides portfolio management and trustee services to its clients.

The financial institution does not guarantee any yield nor performance of investment activities. The investment activity can therefore lead to an appreciation or a depreciation in value.

C. Client segmentation

Financial service providers are required to classify their clients into a client segmentation according to the law and adhere to the respective code-of-conduct. The Financial Services Act provides for «retail clients», «professional clients» and «institutional clients» segments. For each client, a client classification is determined within the framework of the cooperation with the financial institution. Subject to certain conditions, the client may change the client classification by opting out.

D. Information on risks and costs

General risks associated with financial instruments transaction

The portfolio management services involve financial risks. The financial institution shall provide all clients with the «Risks associated with Financial Instruments Transactions» brochure prior to the execution of the contract. This brochure can also be found at www.swissbanking.org.

Clients of the financial institution may contact their client advisor at any time if they have any further questions.

Risks associated with the offered services

For a description of the various risks that may arise from the investment strategy for clients’ assets, please refer to the relevant portfolio management agreements.

Information on costs

A fee is charged for the services rendered, which is usually calculated on the assets under management and/or on a performance basis. For more detailed information, please refer to the relevant portfolio management agreements.

E. Information about relationships with third parties

Economic ties may exist with third parties in connection with the financial services offered by the financial institution. The acceptance of payments from third parties, as well as their treatment, are regulated in detail and comprehensively in the respective asset management contracts

F. Information on the market offer considered

The financial institution follows an «open universe approach» and tries to make the best possible choice for the client when selecting financial instruments. The financial institution’s own collective investments can – where appropriate – be used in the asset management mandates.