TMF Custom House Fund Services releases Depo Lite Platform

TMF Custom House Fund Services releases Depo Lite Platform
16.09.2014 01:00 am

TMF Custom House Fund Services releases Depo Lite Platform

TMF Custom House Fund Services, a leading provider of financial services to the alternative investment sector, has announced that it is now offering clients a depositary lite, or ‘Depo Lite,’ platform to support alternative investment managers marketing their funds in Europe to fulfill their AIFMD requirements. This Depo Lite service will conduct cash-flow monitoring and general oversight requirements to a manager and all relevant funds.

 

The new offering is an extension of TMF Custom House’s existing regulation and compliance offerings. Depo Lite is applicable to managers in two scenarios

 

-          When they are domiciled in an EEA country, do not require full authorization but market fund shares or units in any EEA country, or

 

-          When they 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. To date four countries have done this, includingGermany and France, and others are likely to follow suit over time.

 

“We offer a comprehensive range of Depo Lite services to meet clients’ requirements,” said Mark Hedderman, CEO, TMF Custom House, “and our team is committed to making delivery of the Depo Lite solution as seamless as possible."

 

“TMF Custom House has always been focused on investors and the investor experience on behalf of fund managers, said Dermot Mockler, Group Head of Regulatory Affairs, Compliance & Anti Money Laundering. “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.”

 

TMF Custom House is also preparing to launch another service related to the AIFMD Directive, where it will assist client managers with extensive reporting obligations, known as Annex IV Reporting. The company is engaging with service providers with a view to rolling out a substantive solution in the 4th quarter 2014.

 

Related News

Wolters Kluwer Innovates with New Banking Tech Launch to Facilitate Paycheck Protection Program

Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-... Read more »

Contactless card PIN limits to increase temporarily to help reduce the risk of COVID-19 transmission

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for... Read more »

Historical evidence for bitcoin performing like digital gold

In the recent crash, the independence of bitcoin relative to other assets has been challenged as it dropped by more than the S&P500 index. Many are tempted to conclude by... Read more »

WealthTech startup InvestSuite raises €2 million

InvestSuite announces that it has raised a seed extension round led by PMV with participation from existing and new business angels, management and employees. This €2 million... Read more »

Sony Bank Secures and Enhances Mobile Banking with OneSpan’s Mobile Security Suite

OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Sony Bank is protecting its mobile banking transactions with OneSpan’s... Read more »

TIBCO Identified as a Leader in the 2020 Digital Business Platforms Report by Aragon Research

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel