Disclosure of non-monetary benefits towards clients
Name and address of the responsible entity
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.
Information related to Italian non-monetary benefits are available on this website
https://www.ubs.com/global/it/legal/it1.html.
Minor non-monetary benefits
Minor non-monetary benefits
The following minor non-monetary benefits have been received or provided by UBS Europe SE (Germany) staff in 2020:
- 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
Non-minor non-monetary benefits
The following non-minor non-monetary benefits have been provided by UBS Europe SE (Germany) staff in 2020:
Type of non-monetary benefit | Type of non-monetary benefit | Description | Description | Approximate total value for 2020 | Approximate total value for 2020 |
|---|---|---|---|---|---|
Type of non-monetary benefit | Business Meetings | 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 2020 | 888.00 |
Type of non-monetary benefit | Business Meetings | 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 2020 | 1013.00 |
The following non-minor non-monetary benefits have been received by UBS Europe SE (Germany) staff in 2020:
Type of non-monetary benefit | Type of non-monetary benefit | Description | Description | Approximate total value for 2020 | Approximate total value for 2020 |
|---|---|---|---|---|---|
Type of non-monetary benefit | Business Meetings | Description | Third parties have invited UBS Europe SE (Germany) staff 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 benefit. | Approximate total value for 2020 | 65.00 |
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 2020 | 100.00 |
