A Lite solution for AIFMs
16 September 2014 Chicago
Image: Shutterstock
TMF Custom House Fund Services has launched its Depo Lite platform to support alternative investment managers marketing funds in Europe.
The Depo Lite service will comply with the Alternative Investment Fund Managers Directive (AIFMD) and will conduct cash-flow monitoring and general oversight requirements to a manager and all relevant funds.
Depo Lite is an extension of TMF Custom House’s existing regulation and compliance offerings. The service is designed for managers who are domiciled in the European economic area (EEA) who do not require full authorisation but market fund shares or units in any EEA country, or when managers are domiciled outside the EEA but market fund shares or units into specified EEA countries that have included a Depo Lite requirement in revised private placement regimes.
Mark Hedderman, CEO of TMF Custom House, said: “We offer a comprehensive range of Depo Lite services to meet clients’ requirements and our team is committed to making delivery of the Depo Lite solution as seamless as possible.”
Dermot Mockler, group head of regulatory affairs, compliance & anti money laundering, said: “TMF Custom House has always been focused on investors and the investor experience on behalf of fund managers.”
“This offering will allow our client managers to concentrate on their core investment activities, while ensuring that they are fully compliant with the AIFMD regulations.”
The Depo Lite service will comply with the Alternative Investment Fund Managers Directive (AIFMD) and will conduct cash-flow monitoring and general oversight requirements to a manager and all relevant funds.
Depo Lite is an extension of TMF Custom House’s existing regulation and compliance offerings. The service is designed for managers who are domiciled in the European economic area (EEA) who do not require full authorisation but market fund shares or units in any EEA country, or when managers are domiciled outside the EEA but market fund shares or units into specified EEA countries that have included a Depo Lite requirement in revised private placement regimes.
Mark Hedderman, CEO of TMF Custom House, said: “We offer a comprehensive range of Depo Lite services to meet clients’ requirements and our team is committed to making delivery of the Depo Lite solution as seamless as possible.”
Dermot Mockler, group head of regulatory affairs, compliance & anti money laundering, said: “TMF Custom House has always been focused on investors and the investor experience on behalf of fund managers.”
“This offering will allow our client managers to concentrate on their core investment activities, while ensuring that they are fully compliant with the AIFMD regulations.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)