Fund Administration, Registrar and Transfer Agency Services Course

 Location: London (Central)

Course categories:Asset Management Courses, Securities Services/ Securities Finance, Securities Services/ Securities Finance Inhouse

COVERED TOPICS

Registrar and transfer agent (RTA)
➢ Industry definitions
➢ Understanding the difference(s)

Unbundling registrar and transfer agency services from fund administration
➢ Understanding the value and importance of the services ➢ Capabilities and capacity
➢ In-house or outsourced
➢ Cost versus benefits

RTA agreements including conditions for the appointment
➢ Clauses that should be included in the documentation
➢ Termination notices/time scale
➢ Indemnification by the fund
➢ The number and quality of investors (institutional/retail)
➢ Service level agreement (SLA)
➢ The target countries for distribution
➢ The level of services required for tax reporting and registration in targeted countries
➢ The use of equalisation methods

Roles and responsibilities
➢ Maintaining the principal corporate books and records
➢ Maintaining the funds shareholder register
➢ Issuing share certificates (if applicable)
➢ Liaising with shareholders with regards to subscriptions, redemptions and stock transfers
➢ Ensuring proper compilation of subscription forms, with reference to requisite qualification requirements
➢ Processing redemptions, exchanges and transfers
➢ Arranging for the payment of all dividends and other distributions
➢ Issuing redemption payments
➢ Tax declarations
➢ Assisting with the annual audit
➢ Preparation and filing of local statutory filings
➢ Reporting (as required) to stock exchanges
➢ Compliance monitoring

Relationship with fund administrator & investment manager
➢ Net asset value (NAV) calculations
➢ Distribution of shareholder statements
➢ Reporting of all such dealings to the fund manager in a prompt and efficient manner
➢ Issuing dealing confirmations, statements and reports to investors and dealing with investor queries
➢ Publishing the funds net asset value (if required)
➢ Managing meetings on behalf of shareholders and Directors
➢ Processing performance equalisation

International best practice and sound practices policies

Anti-Money laundering checks
➢ Source of funds
➢ Carry out anti-money laundering due diligence with respect to investors
➢ Identifying suspicious transactions
➢ KYC and client identification checks
➢ Retention of documents and records of transactions
➢ Responsibilities of the Money Laundering Reporting Officer (MLRO)

Managing subscription and redemption accounts
➢ Reconciliations ➢ Frequency ➢ Reporting

Revenue
➢ Volume sensitivity
➢ Charges
➢ Out of pocket expenses

Operational risk
➢ Risk reduction & mitigation
➢ Dual control or four eyes principle
➢ Liability
➢ Registration risk

REGISTRATION & PRICING INFORMATION

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Registration price

1,500.00

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Price: 1,500.00 GBP
Location: London (Central)
Event date: 07.11.2012 - 07.11.2012
Event duration: 8h00
Event time: 09.00 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917