AIFMD Depositary

European guidelines for managers of alternative investments (not stocks/shares and therefore non-liquidity investments) require the putting in place of a Depositary or Warden. This applies to ‘Alternative Investment Funds’  starting from a sum of €500 million (own funds) and starting from a sum of €100 million if use is made of ‘leverage’ (loans). The Depositary’s tasks are based on the aim that the investor’s interests shall be guarded, as follows:

  • supervising all relevant cash flows;
  • checking that property deeds exist for all AIF investments;
  • checking that management of the relevant AIF is in accordance with the agreements reached with the investors (see prospectus).

TCS Depositary is officially qualified to act as a Depositary as it is supervised by the Nederlandsche Bank (Dutch Central Bank). Such institutes may be appointed by controllers of AIF funds to act as Depositary following the granting of a licence by the Financial Markets Authority in relation to a particular AIF fund.

TeslinCS is highly experienced as a Fund Administrator and so, through practical experience, has the know-how to carry out the related tasks.Thanks to such know-how they are well placed to act in this supervisory capacity.

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TCS Depositary

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TCS Depositary acts as Warden or Depositary for managers of alternative investments (not shares) including investment funds that come under the AIFMD. This involves investments in ...

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