Fund Formation
From the initial stages of conceptualisation to the final establishment of your fund, we offer guidance of the entire process, ensuring that every aspect is taken into consideration. Our hands-on approach ensures that your fund is formed.
Preparation of Constitutive Documents
Drafting and reviewing the constitutive documents lays the groundwork for your fund’s operations, ensuring that every aspect of its structure and governance is outlined and legally sound. This process ensures clarity and coherence in managing the fund’s operations.
Licence Application
We offer comprehensive assistance throughout the process of securing your fund’s licence, guiding you through each step with expertise and precision. From compiling necessary documentation to navigating regulatory requirements, we streamline the process for a smooth and successful application.
Opening of Bank Accounts
Leveraging our extensive network, we simplify the often-intricate process of opening bank accounts essential for your fund’s operations. Whether navigating regulatory requirements or facilitating introductions to banking partners, we ensure seamless access to the banking infrastructure that is vital for your fund’s operations.
Assistance with Offering Documents
Presenting your fund to potential investors requires compelling and meticulously crafted documentation. Our team provides expert review of your offering documents, ensuring clarity, accuracy, and alignment with regulatory standards. From PPM to marketing materials, we ensure that your offering documentation effectively communicates the value proposition of your fund to investors and the contents therein are in accordance with the guidelines pertaining to the distribution of financial products.
Setup of Fund Manager and Ongoing Administration
Our comprehensive assistance encompasses not only the initial setup but also ongoing administrative support, ensuring that the fund manager has been authorised to manage the fund or where the fund is managed by its board (self-managed fund), that the board of directors are well informed and acquainted with the investment objectives and characteristics of the fund.
Investor Services
- Administration and Relationship Management: Managing investors accounts from onboarding to ongoing communication and support.
- Registrar and Transfer Agency: This encompasses maintaining accurate records of shareholders, processing share transactions, and facilitating communication between shareholders and the fund ensuring an efficient management of investors holdings.
- Investor Portal and NAV Reporting: Investors are granted access to a secure online portal where they can securely access important documents related to their investments, such as statements and reports.
- Computation and Distribution of Dividends and Profits to Investors: Timely and accurate payments are made to ensure investors receive their rightful returns wherever required.
- Factsheets and Term-sheet: We gather relevant information to be included in factsheets and Term-sheets, providing investors with comprehensive details about the fund’s objectives, strategies, performance, and terms of investment.
Fund Operations
- NAV Calculation and Publication: We calculate the NAV of the fund, reflecting its total value per share. We ensure accurate computation and timely publication for transparency.
- Distribution Notices of Capital Call/Distributions: We handle the process of notifying investors about upcoming capital calls and distributions. These notices inform investors of their financial obligations or entitlements, ensuing clarity and adherence to fund requirements.
- Calculation and Payment of Fees and Expenses: We handle the calculation and disbursement of various fees and expenses associated with fund management. This includes compensating IFAs and other service providers, ensuring accuracy in financial transactions.
- Trade Reconciliation and Reporting: We reconcile trades and bank accounts, verifying that records match and discrepancies are resolved promptly.
Secretarial and Governance
- Company Secretarial Services: We conduct legal and administrative tasks to ensure the fund complies with regulations. This includes maintaining records, filing reports, and facilitating communication with regulatory authorities.
- Directorial Services: In addition to providing Mauritius resident directors, our team offers guidance and expertise in corporate governance, assisting directors in fulfilling their duties effectively. This includes strategic advice, compliance oversight, and procedural support to ensure sound decision-making.
- Registered Office Services: We offer a registered office address for your fund, serving as its official location for legal and administrative purposes. This service ensures compliance with statutory requirements, substance criteria and provides a professional image for your business.
- Board Reporting: We compile and present comprehensive reports for board meetings, providing directors with the necessary information to make informed decisions. Our reports cover strategic updates to facilitate productive discussions and actions.
- Services to Listed Funds: We provide comprehensive support to listed funds, ensuring compliance with stock exchange regulations and facilitating timely and accurate disclosures.
Financial Reporting
- Fund Accounting, Bookkeeping, and Valuations: We manage the financial records of funds, including recoding transactions, maintaining ledgers, and calculating asset values.
- Preparation of Management Accounts and Capital Account Statements: We prepare management accounts and capital account statements that provide fund managers with insights into financial performance and investors contributions.
- Equalisation: Calculations of equalisation is conducted to ensure that all investors in the fund are treated fairly, taking into account their respective contributions and investment durations. Depending on the fund’s distribution policy and investors preferences, the equalised amounts are either distributed to investors or reinvested in the fund.
- Preparation of Financial Statement – IFRS: We prepare financial statements in accordance with IFRS.
- Reporting Requirements: We make sure that the funds satisfy their reporting requirements set by the Mauritian regulations. This involves preparing and submitting necessary reports to regulatory authorities.
- K1 Reporting: We assist in the preparation of K1 tax reports for partners invested in funds, detailing their share of income, deductions and credits.
Compliance
- Client Onboarding and CDD: We ensure a smooth and thorough process for new client onboarding while adhering to regulatory requirements. Customer Due Diligence (CDD) involves verifying client identities and assessing the risk they pose to prevent financial crimes.
- Provision of Compliance Officer, MLRO and DMLRO: We provide experienced personnel to fulfil critical compliance functions, ensuring your fund meets regulatory standards. These roles oversee compliance procedures, report suspicious activities and maintain adherence to anti-money laundering regulations.
- FATCA and CRS Reporting: We manage the complex reporting requirements mandated by the FATCA and CRS. This involves gathering and submitting financial information to tax authorities.
- Compliance and Regulatory Reporting: We ensure that your fund operates within legal boundaries. Our team prepares and submit necessary reports to regulatory authorities, maintaining transparency and trust within regulatory bodies.
- Transaction Monitoring: We monitor fund transactions in an effort to prevent money laundering and terrorist financing. This proactive approach helps safeguard your fund’s integrity and reputation.
- Compliance with Listing Rules and Filing Deadlines: We conduct reviews to ensure your fund complies with listing rules and meets filing deadlines. This helps avoid penalties and maintain your fund’s good standing in the market.
