Services

• Guidance in terms of rules/regulations applicable;
• Coordination of meetings with Authorities;
• Coordination of application documents where applicable;
• Communication with the Authority during the licensing process;
• Set up of Legal Structure and drafting of applicable documents;
• Opening of bank accounts;
• Registered Office;
• Identification and introductions to qualified service providers (legal, audit, fund officers, etc.) and assistance in obtaining competitive fee quotations for services.

• Reconciliations of cash balances and positions with prime broker/custodian;
• Accounting and generation of accounting reports including trial balance, statement of comprehensive income, statement of affairs, etc.;
• Independent asset pricing and portfolio valuation reports;
• Processing of corporate actions;
• Calculation of expense accruals;
• Management fee calculations and distributions;
• Performance fee calculations and distributions;
• Net Asset Value (NAV) calculations – daily/weekly/monthly/quarterly/annual or in any other required frequency;
• Payment processing / Disbursements;
• Preparation of interim and annual financial statements;
• Co-ordination of the annual audit with appointed auditors;
• Share/Unit-holder register maintenance including processing of subscriptions, redemptions, switches and transfers;
• Multi-class, multi-series and multi-currency support;
• Subscription agreement checking, collection and compliance checks;
• AML/KYC and original document retention and storage;
• Investor communications including statements (daily/weekly/monthly/etc.), notifications and other reporting; and Fund NAV/price feed into pricing platforms (Reuters/Bloomberg/Telekurs).

FATCA Services

• Investor classification and gap – analysis to identify where further information may be required;
• Registering the fund as a Foreign Financial Institution and obtaining its Global Intermediary Identification Number and the formal acceptance of the responsibility as the FATCA Responsible Officer;
• Identification of account holders with US indicia; and
• Reporting prescribed information and appropriate communication with the domestic tax authority, or directly to the Internal Revenue Service, if required.

Common Reporting Standard Services

• Classification of the Fund in accordance with CRS;
• Performing of a gap-analysis and due diligence on the Fund’s (high value) pre-existing investors (if applicable);
• Filing of any reports required by the Fund, together with any statutory fees or duties prescribed by CRS;
• Classification of holders of financial accounts (“Investors”) maintained by the Fund under the CRS categories;
• Collecting of Investors’ due diligence and know your customer data which shall be as complete as reasonably possible, with use of, inter alia, self-certification forms for CRS purposes;
• Accurately recording Investors’ data in an electronically searchable database of Circle, so that paper records searches are not required;
• Making of any prescribed electronic database searches and enquiries for CRS indicia as defined in CRS; and
• Preparing of reports on Investors’ data in the form prescribed by the competent tax authority.