The Training Environment For Financial Services

Introduction to Authorised Funds

15 Oct 2019, London

9:15am to 12:45pm

Course Outline & Objectives

This practical half day course is intended to provide staff new to authorised funds with a sound understanding of fund basics, providing a solid platform on which to develop their knowledge and advance their capabilities and career possibilities.

The programme will introduce the different fund types, the main parties involved in running funds and the key documentation and regulatory requirements. The course assumes limited previous knowledge of funds.

Specific areas to be covered include:

  • Different fund types, asset classes and structures
  • How a pooled investment vehicle works
  • Key fund regulations and their practical implications, including COLL, UCITS, AIFMD, FUND, FATCA, CRS and MiFID II
  • The role and responsibilities of the main players: Transfer Agents, Fund Accountants, Custodians, Prime Brokers, Depositaries, Investment Managers, Auditors and Legal Advisers
  • Fund documentation and reporting, including Factsheets and KIID documents
  • Recent regulatory and market developments and priorities, such as dealing platforms, share classes and their differences, fund oversight and contingency requirements

Who will benefit?

This event will be of value to anyone with limited funds knowledge who will be involved in administering, managing, operating or overseeing funds. This includes new starters in Fund Administration teams, Risk Managers, Compliance Monitoring teams and Internal Auditors and Third Party Administrators. It will equip delegates with the level of knowledge necessary to benefit from our related one day course Fund Governance and Oversight for Funds authorised by the FCA.

Register a place at the Introduction to Authorised Funds and you or a colleague from the same organisation can also attend Fund Governance and Oversight for only £895 plus VAT in total for both events. Please call 0330 303 9779 or email for more information or to take advantage of this offer.

Course Tutor

Vivien Crayston is an investment / fund management consultant with 26+ years’ experience in fund administration, transfer agency and fund accounting for both traditional and hedge funds. She has occupied senior fund administration positions in South Africa and London and has been an investment  management consultant for over 10 years, managing various projects for both large and boutique asset managers. She is a Chartered Member of the Chartered Institute for Securities and Investments and holds the MSCI qualification.

Course Programme

Session Content
The purpose of funds
  • The purpose of funds
  • How a pooled investment vehicle works
  • Fund types in Europe
  • Elible asset classes
  • Open ended -v- closed ended
  • Legal structures: OEIC, Unit Trust, SICAV, ICVC, ACS, FCP, CCP
  • Regulatory structures: UCITS, NURS, QIS, AIF
  • UCITS directives
The main parties
  • ACD /AFM
  • Transfer Agent
  • Fund accountant
  • Custodian
  • Prime Broker
  • Depositary / Trustee
  • Investment Manager
  • Auditor
  • Legal Adviser
Fund documentation
  • Trust Deed / Instrument of Incorporation
  • The Prospectus / OM / PPM
  • KIID and PRIIPs
  • Investor documentation
  • Financial report & accounts
Key regulations
  • FCA regulations and relevant tailored sourcebooks
  • COLL
  • SYSC
  • CASS
  • SUP
  • COBS
  • FUND
Recent developments
  • Dealing platforms
  • The complexity of share classes
  • Oversight and FCA requirements

This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.

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