Central Bank of Ireland has issued an alternative investment fund manager (AIFM) license to Capita Financial Managers (Ireland).
The license will allow Capita to take regulatory responsibility for the funds to which it acts as AIFM.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Through this license, Capita Financial Managers (Ireland) will offer AIFM services to both EU and non-EU funds in the alternative investment market, including hedge and private equity funds, so as to comply with the Alternative Investment Fund Managers Directive (AIFMD).
AIFMD, which came into force on 22 July 2013, regulates EU and non-EU fund managers that market alternative investment funds to investors domiciled in the EU.
In order to comply with the AIFMD, Capita has invested significantly in both personnel and IT by appointing a new head of investment risk and by the implementation of integrated performance and risk reporting.
Paul Nunan, managing director of Capita’s fund solution business in Ireland, said: "AIFMD requires fund managers to comply with a new and extensive set of regulations that affect transparency, the conduct of business, remuneration, leverage and reporting.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Capita provides a ready-made solution for non-EU managers who desire access to European investors without the hurdles associated with developing an in-house solution.
"This allows fund managers to focus on managing their funds, while ensuring that aspects like governance and reporting are handled by specialists. They will also be able to choose to use their own service providers or use Capita’s fund solutions business and existing relationships," he added.
