The company has a policy describing how client orders for financial instruments are handled. In this case, in its portfolio management activity, the firm does not offer either execution services or investment advice to its clients, but only portfolio management, and therefore does not handle client orders, as it does not receive any.
The company adopts the following principles as its policy for handling customer orders:
No acceptance of orders from portfolio management clients
The company does not accept orders from clients in its portfolio management activity. Indeed, in this type of activity, it is the company which takes the initiative to carry out an order or not, in accordance with its management policy, that has been accepted by the customer at the time of the signature of its portfolio management contract.
Request for liquidation
Although the company does not consider stricto sensu requests to liquidate a portfolio under management as orders on financial instruments to be handled (i.e. it is an instruction, not an order), it goes without saying that the company will grant this type of request, within the limits of what is legally and contractually permitted. In particular, this type of transaction may be subject to an analysis in accordance with anti-money laundering regulations.