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Fund Services

FUND ADMINISTRATION & FUND ACCOUNTING

Fund administration and fund accounting is the set of required activities for Collective Investment Schemes (CIS). A CIS has to appoint an approved Fund Administrator to carry out necessary activities once a Funds is registered and live. To support Fund Manager and Investors, the Fund Administration is responsible for an accurate up-keeping of the general ledger, monitoring the investment portfolio and the share register to ensure that an investment fund complies with all applicable statutory requirements, rendering such services as:

  • Preparation of Net Asset Value on a regular basis
  • Pricing the investment portfolio or sub-portfolios
  • Fund accounting
  • Reconciliations
  • Preparation of contract notes
  • Transfer agency
  • Payment of bills
  • Preparation of financial statements
  • Performance reporting
  • Compliance reporting
  • Registrar

Registered Funds (UCITS, AIFs, PIFs), licenced and governed by the Investment Services Act (ISA), have to comply with statutory laws and maintaining accurate and up to date books. Every investment vehicle licensed under the ISA is to carry statutory financial statements followed by an Audit as indicated by the mentioned rules.  Such a statutory reporting must reflect the investment objectives of the investment fund as set out in the respective Offering Documents. The accounts should be carried out at least on an annual basis (PIFs, AIF) or bi-annually for UCITS Funds. A set of these report must be submitted both the MFSA and the Registry of Companies.

Furthermore, the CIS or the Administrator shall keep accounting and related records in its Malta registered office and made available to the MFSA should the need arises.  Records shall be retained for a minimum period of ten years.

LICENSING OF FUND ADMINISTRATION

Generally, the provision of fund administration services to CIS is not itself a licensable activity under Maltese law. However, any person wishing to provide administration services to Collective Investment Schemes in Malta or from Malta must obtain a recognition certificate from the Malta Financial Services Authority (MFSA).

However, such activities require a License in Switzerland but also in Liechtenstein and Luxembourg. Therefore, we manage all our Fund Service Activities through separate entities.

FUND SERVICES

Being a professional Corporate Services Provider with more than two decades experience now, you can rely on trustworthy high-end expert service. We run own Offices in various Countries across Europe and also maintain a vast international network to achieve our client’s goals.

And the good news is, with our background in international taxation, we know what we are doing. If things won’t fit, they won’t fit and we often recommend NOT to create Corporate Structures. It is important to meet international OECD Standards to avoid failure and possible allegations.

For all other clients, we offer a full range of Corporate Services, from drafting documents to a formation, archiving and taking care of you your annual filings.

Please visit us on www.firstadvisor.net/uk too, a website dedicated to worldwide company formations.

ANNUAL FILINGS

We take the burden off the Fund Management shoulder’s, offering a range of dedicated Fund Services and help you focus on what really matters – to grow your fund business.

With our legal background and constant education of our staff, while monitoring ever-changing regulations, we are sure that we can meet your expectations.

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