Global Perspectives – Fund Registration Solution
July 2014
Global Perspectives - +353 87 115 2173
Global Perspectives – AIFM Registration Solution
• Under the AIFMD non-EU alternative investments fund managers (“AIFM”) m...
Ireland – Route to registration
• The Central Bank of Ireland (“CBI”) requires all non-EU AIFMs to complete a registration...
Luxembourg – Route to registration
• The CSSF (Luxembourg financial regulator) requires all non-EU AIFMs to register with ...
UK – Route to registration
• The Financial Conduct Authority (FCA) in the UK requires non-EU AIFMs who wish to
market thei...
Malta – Route to registration
The Maltese “De Minimis” Regime
• The Malta Financial Services Authority (“MFTA”) require al...
Global Perspectives - Fund Registration Fees
Our fees to manage the full fund registration process are highly competitive....
Upcoming SlideShare
Loading in …5
×

Global Perspectives - European Fund Registration Service

380 views
300 views

Published on

Global Perspectives is launching a new European Fund Registration Services. Full details are contained in this presentation.

• Under the AIFMD regulations non-EU alternative investments fund managers (“AIFM”) must register details of themselves and their alternative investment funds (“AIFs”) in the countries in which they wish to market the funds.

• This registration process differs from country to country – in both cost and the process of registration.

• Global Perspectives can offer a “turn-key” registration solution to our clients - managing the full registration application process for non-EU AIFMs that wish to register in one of the 28 European Union countries.

• This includes key EU fund jurisdictions such as Ireland, the UK, Luxembourg and Malta.

• Global Perspectives has direct relationships with all the primary fund regulators and jurisdictions in Europe.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
380
On SlideShare
0
From Embeds
0
Number of Embeds
6
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Global Perspectives - European Fund Registration Service

  1. 1. Global Perspectives – Fund Registration Solution July 2014 Global Perspectives - +353 87 115 2173
  2. 2. Global Perspectives – AIFM Registration Solution • Under the AIFMD non-EU alternative investments fund managers (“AIFM”) must register details of themselves and their alternative investment funds (“AIFs”) in the countries in which they wish to market the funds. • This registration process differs from country to country – in both cost and the process of registration. • Global Perspectives can offer a “turn-key” registration solution to our clients - managing the full registration application process for non-EU AIFMs that wish to register in one of the 28 European Union countries. • This includes key EU fund jurisdictions such as Ireland, the UK, Luxembourg and Malta. • Global Perspectives has direct relationships with all the primary fund regulators and jurisdictions in Europe. • We can also arrange to manage the registration process in other EU jurisdictions which have “gold-plated” their registration requirements by adding additional local rules to the AIFMD regulations. These countries include Austria, Denmark, Germany and France.
  3. 3. Ireland – Route to registration • The Central Bank of Ireland (“CBI”) requires all non-EU AIFMs to complete a registration process with them. • This involves completing and submitting an registration application form for CBI review and approval. • The detailed registration form requires AIFM and AIF information, extracts from the prospectus and information on the main category of assets, as well as assets under management and information on the AIFs investment strategy. • The AIFM must also give undertakings regarding the monitoring of risk and its compliance with reporting obligations under the AIFMD. • This involves annual reporting which must be submitted to the CBI in accordance with Annex IV of the AIFMD (as at December 31st). • Currently the CBI does not charge to process AIFM registrations but does intend to introduce a fee later in 2014. • Global Perspectives can advise on all these requirements and manage the full registration process in Ireland.
  4. 4. Luxembourg – Route to registration • The CSSF (Luxembourg financial regulator) requires all non-EU AIFMs to register with them. • This process involves completing and submitting a registration form for their review and approval. • The detailed registration form requires full details of the AIFM, AIFs, investment strategies, service providers, domiciliation etc. • Non- EU- AIFMs must also complete a signed declaration and in some cases the AIFMs latest available financial statements. • The CSSF charges EUR €5,000 for each registration request by an non-EU AIFM • Annual reporting must be submitted to the CSSF in accordance with Annex IV of the AIFMD. • In accordance with the AIFMD regulation certain fund information must also be made available to potential investors prior to their subscription into the fund. • Global Perspectives can advise on all these requirements and manage the full registration process in the Luxembourg.
  5. 5. UK – Route to registration • The Financial Conduct Authority (FCA) in the UK requires non-EU AIFMs who wish to market their funds in the United Kingdom to register with the FCA. • Non-EU AIFMs are required to complete and submit a detailed “Small Third Country AIFM” registration form. • This detailed form requires full details of the AIFM, AIFs, investment strategies, service providers, domiciliation etc. It also includes an AIFM declaration form. • The FCA charges an application fee of £250 per fund. Up to 50 AIFs can be registered with the FCA at any one time. • Annual reporting must be submitted to the FCA in accordance with Annex IV of the AIFMD. • Certain fund information must also be made available to potential investors prior to their subscription into the fund. • Global Perspectives can advise on all these requirements and manage the full registration process in the UK.
  6. 6. Malta – Route to registration The Maltese “De Minimis” Regime • The Malta Financial Services Authority (“MFTA”) require all non-EU AIFM’s who wish to register their funds in Malta to apply for authorisation. • Non-EU managers apply for authorisation under the “De Minimis” Regime. • This framework provides for a lighter or de minimis regime for small AIFMs whose assets under management collectively do not exceed the following amounts €100m or €500m for unleveraged • Non-EU AIFMs must apply for Category 2 authorisation from the MFSA and submit a number of documents to for review. Non-EU AIFMs must also complete a Schedule A1 form • The MFSA fee to process the application is EUR €5,000. There is an additional annual charge if the AIFM is authorised. • Once authorised de minimis AIFM will be exempt from complying with the provisions of the AIFMD with the exception of certain reporting requirements to the MFSA as regards: – The investment strategies of the AIFs under management; – The main instruments in which the AIFs under management are trading; and – The principal exposures and most important concentrations of the AIFs under management. • Certain fund information must also be made available to potential investors prior to their subscription into the fund. • Global Perspectives can advise on all these requirements and manage the full registration process for you in Malta
  7. 7. Global Perspectives - Fund Registration Fees Our fees to manage the full fund registration process are highly competitive. For the main European fund domiciles are fees per fund manager (AIFM) are as follows:- • Ireland - €3,950 EUR • UK - £2,950 GBP • Malta - €3,950 EUR • Luxembourg – €3,950 EUR Fee details for other EU countries (e.g. France, Germany etc.) are available on request. Contact us for more details:-  Global Perspectives  Shane Brett  shane@globalperspective.co.uk  +353 (0) 87 115 2173

×