RESPONSIBLE ENTITY SERVICES
A wealth of experience in acting as responsible entity for registered schemes and trustee for unregistered schemes
SPITERI GROUP HAS A WEALTH OF EXPERIENCE IN ACTING AS RESPONSIBLE ENTITY FOR REGISTERED SCHEMES AND TRUSTEE FOR UNREGISTERED SCHEMES
Spiteri Group is currently the Responsible Entity/Trustee for more than 50 managed investment schemes. Spiteri Group can offer a unique solution in the market: should the investment manager wish, members of the Spiteri Group can undertake the Responsible Entity, Custody, Registry and Fund Administration services for a fund or, alternatively, the investment managers can choose a single service or combination of services. Spiteri Group has worked with numerous investment managers to establish registered schemes in a variety of asset classes and the team is well-positioned to assist investment managers looking for a qualified and experienced Responsible Entity for hire.
Spiteri Group operates a number of Responsible Entities.
Each registered managed investment scheme is governed by a constitution. A compliance plan must also be prepared for each registered scheme which describes the key processes, systems and structures that the Responsible Entity will apply to ensure compliance with the Corporations Act, the scheme’s constitution and financial services laws. The role of the Responsible Entity includes responsibility for compliance with the managed investment scheme constitution and compliance plan, and ongoing satisfaction of legislative and regulatory requirements.
When acting as a Responsible Entity for hire, Spiteri Group services can include:
- Scheme registration
- Production of offer/disclosure documents
- Designing compliance plans
- Monitoring of compliance with the Corporations Act, PDS, constitution and compliance plan
- Managing adherence to legislative and regulatory requirements
- Custody services
- Appointment and monitoring of external service providers
- Back-office solutions (in-house or outsourced), including:
- Scheme administration
- Fund accounting
- Unit registry
- Portfolio valuation
- Unitholder reporting
- Complaints monitoring and resolution
A Responsible Entity’s role is similar to that of a Trustee with a wholesale managed investment scheme, however a Responsible Entity has additional obligations and responsibilities.
Spiteri Group acts as Responsible Entity assisting investment managers with listed and unlisted funds with wholesale and/or retail investors. Should you be seeking a Responsible Entity to assist with the establishment of a registered managed investment scheme, please contact us.
As well as acting as a Responsible Entity for hire for registered schemes, Spiteri Group can also offer its Trustee Services for unregistered schemes.