The purpose of these general terms and conditions of use is to set out how LBP AM makes this website available to the User and how the User may access this website and use its features.
Access to this website is free of charge, apart from the provision access to the internet and telephone communications, the costs of which are billed directly by the operators.
We are LBP AM, a société anonyme [public limited company] with an Executive Board and a Supervisory Board and a share capital of €12 138 931,20 registered with the Paris Trade and Companies Register under number 879 553 857, having its registered office at 36 Quai Henri IV 75004 PARIS 4. Intracommunity VAT number: FR 71 879 553 857. Unique Identification Number (UID) Printed directory:
Each capitalized term below has the meaning given to it in its definition in this article.
“Terms and Conditions of Use:” this document.
“Website:” all the services provided by LBP AM to Users, accessible via the www.lbpam.fr or www.lbpam.com portal.
"Users:" any person using the Website.
"US Person": as defined by the US federal financial regulations under Regulation S of the SEC (Part 230 - 17 CFR 230.902), available at the following address: http://www.sec.gov/about/laws/secrulesregs.htm. This covers the following situations:
(1) The term “US Person” extends to:
any natural person residing in the United States of America;
any entity or company organised or incorporated under the laws of the United States;
any estate ( or trust), the executor or administrator of which is a US Person;
any trust of which any trustee is a “US Person;”
any agency or branch of a non-US entity located in the United States of America;
any account managed on a non-discretionary basis (other than an estate or trust) by a financial intermediary or other authorised representative incorporated or (in the case of an individual) residing in the United States of America;
any discretionary account (other than an estate or trust) maintained by a financial intermediary or other authorised representative organised or (in the case of an individual) residing in the United States of America; and
any entity or company, if it is (i) organised or incorporated under the laws of any country other than the United States of America and (ii) established by a US Person principally for the purpose of investing in securities not registered under the US Securities Act of 1933, as amended, unless organised or registered and held by "Accredited Investors" (as such term is defined in Rule 501(a) under the Securities Act of 1933, as amended) other than natural persons, estates or trusts.
(2) The term “US Person” does not include:
any account managed under a management mandate or similar account (other than an estate or trust) held for the benefit or account of a non-US Person by a stock exchange trader or other representative organised, incorporated or (in the case of an individual) residing in the United States of America ;
any estate whose professional representative acting as executor or administrator is a US Person if (i) such executor or administrator of the estate who is not a US Person has sole or shared power to invest the assets of the estate and (ii) the estate is not subject to US law;
any trust whose professional representative acting as trustee is a US Person if a trustee who is not a US Person has sole power or shares the power to invest the constituent assets of the trust, and if no beneficiary of the trust (and no settlor if the trust is revocable) is a US Person;
an employee savings plan managed in accordance with the law of a country other than the United States of America and in accordance with the practices and documentation of such country;
any agency or branch of a US Person established outside the United States of America if the agency or branch (i) carries out an actual or authorised business and (ii) engages in insurance or banking activities and is subject to local insurance and banking regulations in the jurisdiction in which it is established;
the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations and its agencies, affiliates and pension schemes and any other international organisation and its agencies, affiliates and pension schemes; and
any entity excluded from the definition of "US Person" based on any interpretation or position that the SEC or its members may take.
Connection, use and access to the Website imply full and unreserved acceptance by the User of all the provisions of the Terms and Conditions of Use. Any conditional acceptance of the Terms and Conditions of Use shall be considered null and void. By accessing the Website, the User declares that he or she has read these Terms and Conditions of Use and expressly accepts them. Users who do not agree to be bound by these Terms and Conditions of Use must not access the Website or use its features.
The User undertakes to comply with the provisions of the Terms and Conditions of Use in their latest version. The current Terms and Conditions of Use can be accessed and printed at any time in the "GTCU" section of the Website.
The User is hereby informed that the content of this Website is for information purposes only. The information contained herein may not be considered as a public offer, solicitation or canvassing by LBP AM with regard to the User.
The User is requested to ensure that he or she is legally authorised to log in to the Website in the country from which the connection is established and that there is nothing to prevent him or her from accessing this Website and consulting the content thereof in view of his or her legal status.
LBP AM provides the features and services on the Website in accordance with these Terms and Conditions of Use. Certain services may have their own contractual provisions in addition to said Terms and Conditions of Use.
The Terms and Conditions of Use may be amended at any time by LBP AM. In such a case, the amended Terms and Conditions of Use shall enter into force as of the date they are posted online. We advise the User to read the Terms and Conditions of Use regularly. The User shall be deemed to accept the latest version each time he or she logs in to the Website.
The User shall be personally responsible for keeping all versions of the Terms and Conditions of Use.
Information on the processing of data for which LBP AM is the data controller and on exercising your rights in respect of such data is provided in the Privacy Policy. Information on the processing of cookies is provided in the Cookie Policy.
The Website may contain links to the websites of LBP AM's partners or third parties. LBP AM has no control over such websites and therefore assumes no responsibility for the availability thereof, or for their content, advertising, products or services available on or from them.
The content of this Website (including, but not limited to, company names, trademarks, logos, designs, slogans or, more generally, any distinctive signs, texts, graphics, data, images, photographs, visuals, databases, forms, the Website itself and all these elements) is protected under intellectual property law. Any use and/or reproduction and/or representation of said company names, trademarks, logos, drawings, slogans or more generally any distinctive signs, texts, graphics, data, images, photographs, visuals, database, forms of the Website itself and of all the elements that can be consulted on the Website, without the prior, written consent of LBP AM, is prohibited. Any copy, printing, reproduction, representation, adaptation, use, alteration, translation or distribution, in whole or in part, of the content of this Website, by any process whatsoever, is unlawful and shall constitute an act of infringement - with the exception of private copies reserved solely for the private use of the copier - and/or an act of unfair competition and/or an act of free riding, as defined by the applicable legislation or regulations.
The trademarks that appear on the Website are protected trademarks of LBP AM and/or its partners. Any reproduction or use of these trademarks without the explicit consent of LBP AM and/or its partners is strictly prohibited.
The purpose of this Website is to present LBP AM's third-party asset management business as well as the main characteristics of its products and services to the public. The information posted on this Website is provided for reference purposes only. It may be changed at any time without notice by LBP AM, in particular in the event of a change in the life or existence of products for which LBP AM provides no guarantee of continuity. Users are informed that the products and services presented on this Website may be offered only in jurisdictions in which their marketing and promotion are authorised. Access to information and/or documents on the products and services offered on this Website may consequently be restricted or prohibited to legal entities or individuals who, by virtue of their nationality, residence, registered office / place of incorporation or any other reason, are subject to a foreign law that imposes restrictions or specific obligations on LBP AM with regard to the marketing and promotion of said products and services in that jurisdiction.
The content of the Website is intended only for persons residing in France insofar as the products and services presented have only been authorised for marketing on French territory.
No information and/or documents relating to the financial instruments distributed on this Website will be communicated to a person who so requests, if the law to which he or she is subject by reason of his or her nationality, residence, registered office or place of registration or for any other reason prohibits it.
In this respect, the information posted on this Website shall in no way constitute an offer to sell or a solicitation, direct or indirect, with a view to subscribing to financial instruments and units of account in the case of life insurance:
Case of Russian and Belarusian nationals
Due to the sanctions imposed by the European Union under Article 5 septies of Regulation (EU) No 833/2014 and Article 1 sexvicies of Regulation (EC) No 765/2006, none of the products presented on this Website is available to citizens or residents of Russia or Belarus who do not have a residence permit or the nationality of a Member State of the European Union, the European Economic Area or Switzerland.
This ban therefore applies to:
We would like to draw your attention in particular to the fact that, if you choose to make any investment in one of the products, you do so at your own risk. We recommend that you inform yourself carefully before making any investment decision, and in particular that you consult the regulatory documents (DIC, prospectus, annual and half-yearly reports and portfolio composition) in force. You can access these documents in the "Documentation" section of each fund factsheet. Please read them carefully. Investing in UCIs may involve certain risks. Past results are no guarantee of future performance, and investments may go down as well as up, as the value of units or shares depends on the value of the securities held in the portfolio. Consequently, investors may not recover the amount initially invested and no guarantee of income is given.
Some of the information on the Website may come from third parties, and we cannot therefore guarantee that we have full control over it. All information on the Website is provided for reference or simulation purposes so as to enable you to make your own analysis and is not intended to be used for financial transactions.
LBP AM spares no effort to ensure that the information published on this Wite is accurate at the time it is posted. This information is regularly updated. The accuracy, reliability and completeness of the information cannot be guaranteed, and LBP AM declines all responsibility for the use that may be made by any individual or legal entity of such information, which has no contractual value.
Use of the Website is not covered by any guarantee whatsoever. LBP AM provides no express or implied guarantees as to the use of the Website by the User and in particular as to its availability, timeliness, currency, reliability and usefulness of the Site and content. Similarly, LBP AM does not guarantee that the content and services obtained by the User from the Website will meet his or her expectations or that they comply with any regulations or third party rights.
The User acknowledges that he or she is solely responsible for his or her use of the Website and its features.
The User declares that he or she accepts the characteristics and limits of the Internet and in particular acknowledges that he or she is aware of the nature of the Internet, particularly its technical performance. LBP AM may not be held liable for any reason whatsoever, including but not limited to alteration, suspension or interruption of the Website.
LBP AM can under no circumstances be held liable for the reliability of data transmission, access times or any restrictions on access to the Internet or the networks connected thereto. LBP AM may not be held liable in the event of interruption of the networks providing access to the Website, total or partial unavailability of the Website due in particular to the telecommunications operator, transmission errors or problems linked to the security of transmissions, failure of the receiving equipment or your telephone line.
LBP AM may have to interrupt the Website for maintenance purposes. It undertakes to do its utmost to inform you in advance of such maintenance and/or improvement operations by means of a general information message on the Website's home page or by any other means. LBP AM shall not be held liable for any such interruption, which shall not give any right to compensation.
Under no circumstances may LBP AM be held liable for indirect damages, in particular any commercial, moral or financial loss, including any loss of profit, caused by, originating from or based on the use of the Website or its content.
LBP AM shall assume no liability for the use of the Website or its content. In that respect, LBP AM shall not be liable for any direct or indirect damage arising out of the User's access to or use of the Website, or from the Website or its content's failure to comply with any regulation or infringement of the rights of third parties.
Information on the Policy for handling requests for information or complaints from clients is available to download.
The Terms and Conditions of Use are governed by and subject to French law.
These Terms of Use entered into force on 1 March 2023.