Sign up for free newsletter

 

Approved stamp

INDOS Financial gets AIFMD depositary authorisation from FCA


INDOS Financial Limited has received authorisation from the Financial Conduct Authority (FCA) as an Article 36 Custodian to provide AIFMD depositary-lite services to non-EU alternative investment funds. 

INDOS is the first independent UK authorised depositary specialising in hedge funds.  

Following the introduction of the AIFMD, many hedge fund managers are required to comply with the so-called ‘depositary-lite’ regime. Managers need to identify depositary providers such as INDOS in order to continue marketing their funds to EU investors after 22 July 2014.  

Bill Prew, Founder and CEO of INDOS, says: “Being the first independent firm to obtain an Article 36 Custodian authorisation is a major achievement and comes at a very important time.  Many hedge fund managers are working towards submission of their AIFMD application for authorisation to the FCA. Our authorisation will enable prospective clients to identify INDOS in their application with confidence.

“Our appointment to date by a number of hedge funds has been subject to receiving this authorisation. We can now focus on finalising arrangements with these clients and moving forward with on-boarding. We are confident many more will follow their path as managers value the benefits of our independent, flexible and transparent approach.”

Furtherreading
from Private Equity Wire

Further opportunities for PE growth

Fri 24/03/2017 - 13:43

morenews

BSX leads the way for ILS listings

Fri, 24/Mar/2017 - 13:55

ILS market could reach USD100 billion

Fri, 24/Mar/2017 - 13:50

Further opportunities for PE growth

Fri, 24/Mar/2017 - 13:43

Introducing the Bermuda LLC

Fri, 24/Mar/2017 - 13:26

events
3 days 1 hour from now - Singapore
3 days 1 hour from now - London
1 week 4 days from now - Hong Kong
1 week 5 days from now - Toronto
training
Mon, 27/03/2017   - London
Mon, 27/03/2017   - London
Mon, 27/03/2017   - London
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 11:28
Backstop Solutions Group
Tue, 08/11/2016 - 17:44
The Gemini Companies
Mon, 17/10/2016 - 11:51
specialreports
other gfm publications