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.

TCS Funds

TCS Funds

TCS Fund & Family provides services to enterprising investors in various fields of activity and groups of investors who invest jointly. TCS Fund & Family takes care of the ...

TCS Depositary

TCS Depositary

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 ...

TCS Trust

TCS Trust

TCS Trust acts as director of Dutch entities that are part of foreign groups as well as for Dutch shareholders. We offer our address as a base (domiciliation) and deal with the ...

TCS Family & Charity

TCS Family & Charity

TCS Charity provides services to the board of several ANBI’s and other charitable organizations. Very often the work involved with the organization is too much to handle for the ...