AIFMD/UCITS V Wrapped Solution

The Alternative Investment Fund Managers Directive (AIFMD) was implemented to harmonise the regulatory framework around fund managers in the European Union. It was conceived to ensure that events such as the Madoff scandal never occur again. Bernie Madoff’s Ponzi scheme left thousands of investors out of pocket.

The implications of AIFMD, however, reach far beyond the fund level and has increased the liability of depositary banks. The duties of the depositary include monitoring of a fund’s cash flow, oversight of its functions and safekeeping of its assets. Any loss of assets that occur on the depositary’s watch, it is liable for.

Monitoring of its network of custodians, prime brokers, markets, CSDs (central securities depository) and transfer agents has, therefore, never been more important for depositaries. UCITS V further outlines the role of the depositary; its eligibility to act as a custodian, delegation of custody and further directives as to the monitoring and oversight of a fund’s cash flow.

Thomas Murray Data Services assists depositary banks in meeting the obligations facing them under AIFMD and UCITS V through our extensive monitoring service that covers markets and CSDs, global and sub-custodians, transfer agents and prime brokers.

New European Regulation - AIFMD and UCITS V

Thomas Murray Regulatory Monitoring

pdfDownload the AIFMD and UCITS V brochure

Clients who use this product

  • client
  • client
  • client
  • client
  • client

If you would like to purchase this service, or find out more about it, please contact David Dickinson at ddickinson@ds.thomasmurray.com or telephone him on +44 (0) 20 8600 2300.