Institutional Accounts with UFS

Institutional Accounts with UFS are available for institutional clients only. In principle, UFS opens accounts for institutional clients subject to financial supervision respectively treated as an eligible counterparty according to directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (MiFID II directive).

An Institutional Account with UFS may be maintained as a "nominee account" (on account of a third party) or "on own account" pursuant to the determination of the beneficial owner in the application form for institutional accounts. The retroactive modification of the beneficial owner of such an account is not possible. Institutional Accounts are free of charge.

In order to open an Union Investment Institutional Account, please provide the following documents:

Institutional clients subject to financial supervision: 

• Application form
• Power of Representation form
• KYC questionnaire for clients who are subject to financial supervision
• AML questionnaire

Institutional clients not subject to financial supervision: 

• Application form
• Supplement to the Application for the opening of a Union Investment Institutional Account
• Power of Representation form
• KYC questionnaire for institutional clients not subject to financial supervision

Please also note our appendix on data protection. 

For further information about settlement options and subscription and redemption of fund units, please consult the operational procedures.