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 funds are required to report to the Authority on its operations on a monthly basis. This report includes information on a fund’s price per share, or unit, net asset value and amounts subscribed and redeemed during the month. Reports should be submitted electronically to firstname.lastname@example.org within
20 business days after the month end. For convenience, a fund’s administrator normally handles reporting. In the case of Institutional and Administered funds, routine reporting is on a quarterly basis.
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.
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 breach.
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 financial statements audited by an auditor that is acceptable to the Authority.
The following rules have been made by the Authority pursuant to sections 37 and 38 of the Act.
- Fund Rules 2007
- Fund Prospectus Rules 2007