Your SlideShare is downloading. ×
0
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Active Corporate Services (Jersey) Limited Summary Of Services  August 2010
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Active Corporate Services (Jersey) Limited Summary Of Services August 2010

575

Published on

Overview of Services provided by Active Group in Jersey

Overview of Services provided by Active Group in Jersey

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
575
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Active Corporate Services (Jersey) Limited Summary of Services August 2010 Mark Hill
  • 2. Compliance, Governance , Support… <ul><li>Founded in 2001, the Active Group offers a broad range of practical, proactive and forward-thinking advice as well as business support services through a team of 50 specialists in Guernsey, Jersey and Cayman. </li></ul><ul><li>Core services include: </li></ul><ul><li>Management Services </li></ul><ul><li>Compliance Services </li></ul><ul><li>Training </li></ul><ul><li>Project management </li></ul><ul><li>Support services including assistance with incubation </li></ul><ul><li>Provision of non-executive directors </li></ul>
  • 3. Compliance, Governance , Support… <ul><li>In 2009 Active Corporate Services (Jersey) Limited (“ACSJ”) became regulated by the JFSC in the conduct of Trust Company Business and Fund Services Business. </li></ul><ul><li>Core services include: </li></ul><ul><li>Provision of independent non executive directors </li></ul><ul><li>Provision of MLRO, MLCO and CO services </li></ul><ul><li>Acting as a Manager of a Managed Entity (“MoME”) </li></ul><ul><li>Provision of Registered Office </li></ul><ul><li>Provision of Company Secretary </li></ul><ul><li>Services provided to: </li></ul><ul><li>Funds and fund like structures including entities providing services to, and investees in, investment management related clients. </li></ul>
  • 4. Non-Executive Director Services… <ul><li>Establishment </li></ul><ul><li>ACSJ will, prior to Fund lunch, engage with offshore and onshore legal counsel, fund sponsor and local administrator to undertake a comprehensive review of the following to ensure a seamless lunch of the Fund: </li></ul><ul><li>Fund offering document </li></ul><ul><li>Investment management and administration agreements </li></ul><ul><li>Prime brokerage/custodian agreement </li></ul><ul><li>Distressed Funds Situations </li></ul><ul><li>Assist with recovery and restructuring </li></ul><ul><li>Resolution of counterparty issues </li></ul><ul><li>Valuation disputes </li></ul><ul><li>Review of governance structure </li></ul>
  • 5. Non-Executive Director Services… <ul><li>Annual Audit and Financial Statements </li></ul><ul><li>ACSJ will, on an annual basis and prior to the approval of the financial statements require a board meeting to be held with the following participants: </li></ul><ul><li>Administrator </li></ul><ul><li>Investment Manager </li></ul><ul><li>Auditor </li></ul><ul><li>In addition ACSJ will work closely with all interested parties </li></ul><ul><li>during the audit process and during the preparation of the financial statements to ensure timely reporting to investors and regulators alike. </li></ul>
  • 6. Non-Executive Director Services… <ul><li>Monitoring and Risk Management </li></ul><ul><li>ACSJ will require, as part of our on-going monitoring of the Fund, the following information for each NAV calculation period: </li></ul><ul><li>Balance sheet statement </li></ul><ul><li>Profit and loss statement </li></ul><ul><li>Investment schedules </li></ul><ul><li>Any class, series and capital account allocations </li></ul><ul><li>Any monthly/quarterly letters (including side letters) </li></ul><ul><li>to investors prepared by the Investment Manager </li></ul><ul><li>Any opinions or reports on difficult to value asset valuations. </li></ul><ul><li>In addition ACSJ will undertake initial and annual ongoing due diligence on all service providers to the Fund and may participate on management engagement committees if required. </li></ul>
  • 7. Independent MoME Services… <ul><li>Corporate Governance </li></ul><ul><li>ACSJ will provide the following to ensure demonstrable corporate governance and substance of regulated FSB’s including fund manager entities: </li></ul><ul><li>Monitoring of outsourced functions in accordance with the </li></ul><ul><li>Commissions (“JFSC”) published policy on outsourcing </li></ul><ul><li>Provision of credible and experienced directors </li></ul><ul><li>Availability of directors and staff to ensure regulatory and </li></ul><ul><li>transactional deadlines are complied with </li></ul><ul><li>Assist with the provision of premises and resources to </li></ul><ul><li>new market entrants </li></ul>
  • 8. Regulatory Compliance Services… <ul><li>Regulatory Compliance </li></ul><ul><li>ACSJ will, where required, provided FSBs with a dedicated MLRO, MLCO and CO to undertake the following: </li></ul><ul><li>Implement compliance monitoring programmes </li></ul><ul><li>Act as statistics officer and contact with the JFSC </li></ul><ul><li>Preparation and implementation of compliance manuals </li></ul><ul><li>Provision of legal and regulatory updates to the board </li></ul><ul><li>Preparation of risk and compliance board papers </li></ul><ul><li>Maintenance of regulatory registers </li></ul><ul><li>In addition ACSJ can arrange, through its parent company, Active Services (Jersey) Limited tailored AML and compliance training for all staff employed by the regulated entity. </li></ul>
  • 9. Registered Office Services… <ul><li>Provision of Registered Office </li></ul><ul><li>ASJL will, with regard to fund, fund like structures and investment managers, provide the following services: </li></ul><ul><li>Facilitate onward payment of the registrars annual returns and fees </li></ul><ul><li>Hold and maintain the minute book of all meetings for inspection </li></ul><ul><li>Maintain a register of members, directors and secretary </li></ul><ul><li>Host board and shareholder meetings as required </li></ul><ul><li>Submit resolutions, notices and financial statements to the </li></ul><ul><li>registrar as required </li></ul>
  • 10. Company Secretary Services… <ul><li>Secretarial Services </li></ul><ul><li>ACSJ will liaise with the Directors and service providers to ensure that: </li></ul><ul><li>Times and venues for all meetings are scheduled in advance </li></ul><ul><li>Relevant notices and agendas are circulated to all parties </li></ul><ul><li>Board packs and supporting reports are assembled and distributed </li></ul><ul><ul><li>to all parties </li></ul></ul><ul><li>Minutes are taken of each meeting and are reviewed prior </li></ul><ul><ul><li>to circulation and statutory records updated accordingly </li></ul></ul><ul><li>In addition, ACSJ can provide additional services, such as: </li></ul><ul><li>Submission of stock exchange announcements </li></ul><ul><li>Arrangements for holding an AGM, including drafting and issue </li></ul><ul><li>of notices, proxy forms and resolutions </li></ul>
  • 11. For Additional Information… Mark Hill Director +44 (0)1534 828975 [email_address] Mike Veillard Director +44 (0)1534 828973 [email_address] Active Corporate Services (Jersey) Limited First Floor 32 Commercial Street St. Helier Jersey JE2 3RU Email: info@activeoffshore.com Markus Kubeck Managing Director +44 (0)1534 828976 [email_address]
  • 12. Jurisdictions… Jersey Guernsey Grand Cayman
  • 13.  

×