CETREL Securities and KNEIP have joined forces to offer a new platform for the management of fund registration and notification.
The offering comes in response to the new legislation introduced by UCITS IV, which includes new fund registration and notification procedures as Europe opens its doors to facilitate cross-border fund distribution.
This solution, which will be live in June, will bring to asset managers and promoters a streamlined regulator-to-regulator procedure as well as greater visibility into the notification process. KNEIP and CETREL Securities, which is an officially recognized transmission channel by the Luxembourg Bank Authority, are working closely with regulators to test the processes and procedures in the home-host regulator environment.
We are delighted to be working with CETREL Securities to offer the funds community an alternative communications and cost-conscious platform for funds notification in Luxembourg, says Bob Kneip, CEO of KNEIP. Capitalizing upon our international asset management client base, it is our intention to open this service to the European fund community at large.
Renaud Oury, executive vice president at CETREL Securities, adds: This is a culmination of our reporting project that was started back in 2007 when we established the SOFiE SORT communication gateway through to the Luxembourg Bank Authority. Working with KNEIP has presented us with the opportunity to build a solution around the needs of the asset managers, promoters, as well as administrators, auditors, and legal advisors.
(CG)