Disclosure of non-monetary benefits towards clients

Name and address of the responsible entity

UBS Europe SE
Bockenheimer Landstraße 2-4
60306 Frankfurt am Main

This website provides information about required regulatory disclosures for non-monetary benefits received from and provided to third parties by UBS Europe SE (Germany) in relation to investment and ancillary services, such as Advisory, Discretionary, Custody and Execution-Only Services.Third parties in this context include, amongst others, external product providers, brokers, financial intermediaries, arrangers, research providers as well as other UBS legal entities. Since January 2018, UBS Europe SE (Germany) staff documents non-monetary benefits which will be disclosed on this website according to regulatory requirements. These non-monetary benefits generally enhance the service quality for the client, they are reasonable and proportionate and they do not impair UBS Europe SE (Germany)' duty to act in the best interest of the client.

Minor non-monetary benefits

The following minor non-monetary benefits have been received or provided by UBS Europe SE (Germany) staff in 2019:

  • Written material commissioned by corporate issuers to promote new issuances;
  • Generic documentation relating to financial instruments;
  • Seminars, trainings and educational events on financial instruments or investment services offered to clients;
  • Hospitality below a certain de minimis value during seminars, trainings and educational events;

Concerning discretionary services provided to clients, these minor non-monetary benefits are the only benefits UBS Europe SE (Germany) may accept and retain.

Non-minor non-monetary benefits

The following non-minor non-monetary benefits have been provided by UBS Europe SE (Germany) staff in 2019:

Type of non-monetary benefit

Type of non-monetary benefit

Description

Description

Approximate total value for 2019

Approximate total value for 2019

Type of non-monetary benefit

Business Meetings
(incl. hospitality)

Description

UBS Europe SE (Germany) staff has invited third parties to business meetings (e.g. business lunches) to discuss quality enhancing topics related to execution-only related services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefits.

Approximate total value for 2019

2635.00

Type of non-monetary benefit

Business Meetings
(incl. hospitality)

Description

UBS Europe SE (Germany) staff has invited third parties to business meetings (e.g. business lunches) to discuss quality enhancing topics related ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

1135.00

Type of non-monetary benefit

Conference/Seminar/Training/Education (incl. Hospitality)

Description

UBS Europe SE (Germany) staff has invited third parties to seminars, trainings and educational events to discuss quality enhancing topics related to ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

50.00

Type of non-monetary benefit

Other benefits

Description

UBS Europe SE (Germany) staff has invited third parties to other meetings to discuss quality enhancing topics related to ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

150.00

The following non-minor non-monetary benefits have been received by UBS Europe SE (Germany) staff in 2019:

Type of non-monetary benefit

Type of non-monetary benefit

Description

Description

Approximate total value for 2019

Approximate total value for 2019

Type of non-monetary benefit

Business Meetings
(incl. hospitality)

Description

Third parties have invited UBS Europe SE (Germany) staff to business meetings (e.g. business lunches) to discuss quality enhancing topics related to ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

50.00

Type of non-monetary benefit

Hospitality during seminars, trainings and educational events

Description

Third parties have invited UBS Europe SE (Germany) staff to seminars, trainings and educational events to discuss quality enhancing topics related to ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

780.00

Type of non-monetary benefit

Other benefits

Description

Third parties have invited UBS Europe SE (Germany) staff to other meetings to discuss quality enhancing topics related to ancillary investment services offered to clients. Hospitality costs for these meetings have been reasonable and proportionate in any case but may have exceeded a de minimis value in order to be qualified as minor non-monetary benefit.

Approximate total value for 2019

1040.00