TMF Custom House Launches Depo Lite Offering

TMF Custom House Fund Services has launched a depositary lite platform to support managers under the Alternative Investment Fund Managers Directive (AIFMD).

The depo lite service will conduct cash-flow monitoring and general oversight requirements, applicable to managers who are domiciled in a European Economic Area (EEA) country and do not require full authorization but market fund shares or units in any EEA country, or if the manager is domiciled outside the EEA but market fund shares or units into countries that have included a depo lite requirement in revised private placement regimes.

“TMF Custom House has always been focused on investors and the investor experience on behalf of fund managers,” says Dermot Mockler, group head of Regulatory Affairs, Compliance & Anti Money Laundering. “This offering will allow our client managers to concentrate on their core investment activities, while ensuring that they are fully compliant with the AIFMD regulations.”

TMF Custom House is also preparing to launch another AIFMD-related service to assist managers Annex IV Reporting. Currently, the administrator says it is “engaging with service providers with a view to rolling out a substantive solution in the 4th quarter 2014.”