Manual

The Depositary makes a thorough analysis of the organization of the AIF Manager. What agreements have been reached with the investors? What are the risks? How is the prevention of conflicting interests within the Manager’s set-up set out? What procedures are followed? How is the administrative set-up organized? How do the cash-flows run? And so on.

Before the Depositary can start with its actual tasks a handbook has to be compiled in which the procedures are set out, what the Depositary’s tasks will consist of, and how frequently these tasks should be carried out. Also laid down in the handbook will be the escalation procedures to be followed in cases where certain transactions, operations, cash-flows etc. appear to be non-compatible in the context of the agreement.

The handbook forms part of the assessment of the fund by the AFM in connection with the licence application.

The handbook is compiled by the relevant ‘Depositary’ in conjunction with the Manager and reflects the organization and the procedures of the Manager’s set-up. It will have to be regularly updated in consultation with the Manager.

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 ...