Regulatory Demands
Demanding regulatory requirements faced by Managers
We understand the challenges faced by managers today and increasing need for regulatory compliance and regulators audits. From funds compliance on corporate risk management and governance, there are emerging reporting requirements and thematic reviews on processes and stress testing. With managers operating in various jurisdictions and different fund domiciliation pads, there is a lack of consistent reporting to various regulatory authorities. The need for investors' protection such as timely disclosure of the fund performance, conflict of interests by managers and customer due diligence enhancement processes, all these added operational risks to managers' operations. Shortage of qualified staff exacerbated the situation.
CDD/KYCs/AML Challenges
Never underestimate the frustrations faced by the potential investors. Customer Due Diligence ('CDD'), Know-Your-Customer ('KYC') and Anti Money Laundering ('AML') processes have been known to be a time intensive and a web of inter web activities. Some managers use various techniques to onboard potential investors such as risk-based approach with risk matrix list and scoring methodologies. Some operate on all checks i.e. checklist of tick boxes to assess potential investors. Some outsourced to service providers and relied on providers to assess and evaluate. What frustrated the potential investors are numerous asks and requests for supporting documentations, sensitive probing, and unclear assessments.
Timely Disclosure
Lack and/or untimely disclosures
Many times, both managers and investors relationships may break down due to misunderstanding or lack of information sharing. This is often due to nature of the investment’s strategies or timeline of the financials reporting has a dependency on service providers such as brokers files and confirmation availability, fund administrators reporting timeline inconsistency or simply adopting mass emailing strategies that doesn't help both managers and investors to build financial conversation and understanding.
Conclusion
Fundsview Global Platform is a ‘plug and play platform’ for Investment Managers, Family Offices, Advisors, likes of Asset Managers, Venture Capital Firms, (collectively known as 'Managers') to manage regulatory’ s demands as well as investors' needs.