Actively Managed Certificates (“AMC”) are structured products whose underlying asset is managed on a discretionary basis during the term of the product in accordance with a specific investment strategy. The Product Manager implements its investment strategy or an investment strategy proposed by a third party (the “AMC Advisor”), whereby the AMC Advisor may, at its discretion, compose and restructure the underlying asset in accordance with the framework of the investment strategy. Investors are informed transparently under the product documentation on the investment strategy, its implementation by the AMC Product Manager or Advisor and the costs associated with the AMC.