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OPC actions


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12:48 Jan 8, 2012
French to English translations [PRO]
Bus/Financial - Finance (general) / Mutual funds
French term or phrase: OPC actions
(or OPC d'actions)

Expérience et capacités dans la sélection et l’allocation d’OPC actions (y compris fonds thématiques)

Ce lot concerne la gestion active d’un ou plusieurs mandats qui investiront à titre principal dans des OPC « actions » conformes aux normes européennes.

These two sentences are taken from a restricted tendering procedure document, outlining the criteria upon which potential tenderers (financial services providers) will be assessed.

I understand that there are different types of mutual funds, and this one clearly involves investing in shares, but I have been unable to find a direct UK English equivalent term. Can anyone help?
French2English
United Kingdom
Local time: 12:26


Summary of answers provided
4equity CISrkillings
3UCITs shares
AMcLester
3 -1UCI units or sharesAlbert Golub


Discussion entries: 1





  

Answers


10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
UCI units or shares


Explanation:
je pense

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Note added at 1 hr (2012-01-08 14:07:04 GMT)
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dispositions de la section "Restrictions d'Investissement", le Fonds ne peut pas investir plus de 10% de son actif net dans des parts ou actions d'OPCVM et/ou autres OPC
As an exception to the provisions of the Investment Restrictions section, the Fund may not invest more than 10% of its net assets in UCITS or other UCI units or stock

Albert Golub
Local time: 13:26
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: would be helpful if you provided refs and said what UCI stands for...
1 hr
  -> UCI = OPC organisme de placement collectif
disagree  rkillings: OPC actions = fund that is *invested* in equities.
1 day6 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
UCITs shares


Explanation:
OPC stands for Organismes de Placement Collectif and is generic term that covers OPCVMs, Organismes de Placement Collectif en Valeurs Mobilières. The equivalent for these mutual funds is the Undertaking for Collective Investment in Transferable Securities (UCITs) which are collective investments (or investment funds) that allow financial institutions to operate freely throughout the European Union on the basis of a single authorisation from one member state. Hence UCITs shares.

AMcLester
Spain
Local time: 13:26
Works in field
Native speaker of: Native in FrenchFrench, Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Yolanda Broad
35 mins
disagree  rkillings: Fundamental mistake. OPCVM is UCITS. OPC is CIS (collective investment scheme), an umbrella category that includes funds that *do not meet* UCITS requirements./ The English term is CIS, not UCI, and here it's an equity non-UCITS, not units/shares thereof.
4 hrs
  -> Hi rkillings, quite right about my conclusion. Your comment "In practice, when you see OPC rather than OPCVM...non-UCITS are ...included" is a neat summary. So OPCVMs are a form of OPC. Hence French2English's answer is UCI units or stock per Albert Golub
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
equity CIS


Explanation:
CIS = Collective Investment Scheme. The category includes the tightly regulated UCITS and the more lightly regulated "non-UCITS". The EU has standards for both.

In practice, when you see OPC rather than OPCVM, you can assume that non-UCITS are purposely included.

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Note added at 1 day7 hrs (2012-01-09 20:04:15 GMT)
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You could substitute 'non-UCITS', but the initialism CIS is commonly used by the FSA in the UK.

See here, for example: http://www.fsa.gov.uk/pages/consumerinformation/product_news...

Note that the U in UCIS stands for 'unregulated', which is not the category of the asker's term.


    Reference: http://en.wikipedia.org/wiki/Collective_investment_scheme
rkillings
United States
Local time: 04:26
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 891
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