REPORTING FORMS & GUIDELINES
Routine Statistical Reporting
Section 26 of the Act provides power of
the Authority to require fund operators to furnish it with such reports on the
fund’s activities as the Authority may reasonably require.
- Standard fund is required to report monthly on its operations to the Authority. This information
to be provided in the prescribed format and include a fund's price per share or unit, net asset
value (NAV), and amounts subscribed and redeemed during the month. Reports should be
submitted electronically within
20 business days after the month-end.
For convenience, a fund's administrator normally handles reporting.
- Institutional and Administered funds must report on the
basis as Standard funds. The only difference being the frequency of reporting, with such
schemes required to report within 20 business days at the end of each calendar quarter.
- Class A and Class B Exempt Funds must report statistical information annually. The information is to be disclosed on the exemption certification submission form to be submitted annually on or before 30th June via the Authority's Electronic Regulatory Information Compliance Application "ERICA" e-filing platform. The statistical information includes the fund's total NAV, NAV per share and the amounts subscribed and redeemed during the year.
filings noted above must be submitted via the Authority’s
Electronic Regulatory Information Compliance Application “ERICA” e-filing platform.
Alteration to Service Providers and Material Change Permissions
Investment Fund’s must seek prior
approval from the Authority for any changes to key service providers
(custodian, administrator, investment manager, registrar and auditor of a
fund). In addition, any material change to a fund’s prospectus must be
submitted for prior approval by the Authority.
Section 8A(8) of the Act requires the operator of a Class B Exempt Fund to seek the Authority’s prior approval in relation to director or service provider appointments.
Statement of Compliance
Authorised Investment Funds are also
required to submit to the Authority, within six months of the financial year
end, a statement confirming that the fund has at all times during the preceding
financial year been in compliance with the provisions of the Act, as well as
acceptable fund and prospectus rules, or setting out the particulars of any
6B(2) and 8A(6) of the Act requires the Class A Exempt Fund and the Class B Exempt Fund
respectively to file an exemption certification annually, on or before 30th June, which states the fun satisfies the requirements for exemption and will continue to satisfy them.
Both filings must be submitted via the Authority’s Electronic
Regulatory Information Compliance Application
“ERICA” e-filing platform.
Notice of Changes
Section 25 of the Act sets out a number of matters of which the operator of a fund must give the Authority written notice. In particular, all material changes to the fund’s prospectus and changes in service providers require the Authority’s prior consent.
Each authorised Investment Fund must
prepare annual audited financial statements prepared by an auditor that is acceptable to the
Authorisation Application Form & Compliance Certificate – Investment Funds Act 2006
Annual Statement of Compliance - Authorised Funds Only
Class A Exempt Fund - Annual Certification Form
Class B Exempt Fund - Annual Certification Form
Personal Declaration Form For Shareholders