The Fund Registration Services are defined as the registration of a new fund or umbrella with its sub-fund(s) in one or several jurisdiction(s). For funds domiciled in an EU Member State requesting distribution in another EU Member State, the registration service will be performed in accordance with the UCITS notification process and in compliance with local regulatory requirements. For the avoidance of doubt Funds Avenue SA does not provide any tax related services.
The services offered by Funds Avenue SA in relation to an initial authorization can be summarized as follows:
- Compilation of necessary documents for the notification file.
- Completion of the notification letters to be submitted to the CSSF and the host authorities via the electronic filing platform.
- Drafting of a list disclosing the documents required for the notification file and expected timing and costs of the notification.
in many jurisdictions, legislation requires the appointment of local representatives or paying agents. If required, we can provide assistance with such appointment by providing names and contact details as appropriate;
Funds Avenue SA will source an external translation agency to translate the funds’ documents into the required foreign languages;
Funds Avenue SA will liaise with the representatives of the fund and all the third parties to ensure that they carry out their necessary tasks as efficiently and as quickly as possible. This will involve:
- Collation, completion and execution of necessary agreements with third parties;
- Collation and completion of necessary application forms and supplementary information;
- Monitoring of disclosure requirements of the Fund documents related to the registration;
- Answering any questions raised by the third parties with respect to the application.
Once registered in a particular jurisdiction, the fund will be required to comply with various local distribution and regulatory obligations. Many of these obligations require the submission of certain documents and information. The services offered by Funds Avenue SA will include the following:
Funds Avenue SA will liaise with the different contacts at fund level and other third parties as appropriate to assist in view that deadlines of the required filings are met;
Liaison with the Fund, Fund Administrator and/or lawyers (as appropriate) to ensure that Articles of Incorporation, Prospectus, KIIDs, Annual and Semi-Annual Reports are filed with the regulators as required;
Funds Avenue SA will compile the necessary fund documents, complete notification letters and supplementary documents and submit the updated fund documents to the competent local supervisory authorities;
Upon request, liaison with the fund, Fund Administrator and/or regulators regarding the filing of AGM notices as appropriate;
Upon request, Funds Avenue SA will assist in having AGM notices translated and published as required.
