OEIC & UT Administration

OEIC & UT Administration Training Course

Background

With effect from 12 February 2007 the new CIS Regulatory Sourcebook covers the day to day operations of all OEICS and Unit Trusts.  Many OEICS and Unit Trust operations now become identical. This course covers the whole administration process under COLL for both OEICS and Unit Trusts.  It also covers the remaining differences and also details the new types of Authorised schemes. The course provides a useful practical review of all the main Administrative Operations in both OEICS and Unit Trusts. Therefore it is useful for those who have seen only one aspect and want an overview or for those who want a refresher on Fund Administration.

Delegates

·         Staff employed by Scheme Operators and Outsourcing Operations

·         Managers, Authorised Corporate Directors, Trustees, Custodians and Depositories

·         It Executives marketing or developing Mutual Funds Systems

·         Custodians and Providers of Third Party Administration Services.

·         Auditors, Accountants and Lawyers (CPD/CPE credit)

Background

Enabling Legislation and Regulations New Sourcebook structure and implementation

OEIC/Unit Trust structure and players and functions

OEIC/Unit Trust comparison under COLL

Categories of Retail funds and characteristics

Non retail (Qualified Investor Scheme) and Characteristics

Main UCITS requirements

Types of Share/Units The Constitutional Documents

Documentation

The Prospectus Retail and Non Retail funds

The Simplified Prospectus (UCITS Funds)

Investor Relations

Approval and Notification - scheme changes  

Reports and Accounts - Retail/Non Retail schemes

Valuation and Pricing Retail / Non Retail Funds

Valuation Frequencies - Different Schemes Fair Value Pricing overview Pricing Controls/Checks Frequencies Dual Pricing & Exercises Single Pricing & Exercises Dilution and its Resolution - Levy or Price Adjustment Option Forward / Historic Pricing Price Publication   

Dealing - Retail / Non Retail Funds  - Initial Offer Requirements  - Available Options & Cut off Points  - Inclusion of Deals Post Valuation Point  - Limited Redemption   - Deferred Redemption Funds Role Play and Exercises -          Box Management - Available Reporting Options to Trustee / Depositary In Specie Issue / In Specie Cancellation Modification of Reported Dealing Position Creation / Liquidation Format Borrowing to Fund Redemptions  

Distributions Income Accounting Income Allocation Distribution Process Permissible Payments Disclosure Requirements Reconciliation Exercises  

Equalisation  

Title and Registers Holdings and Transfers re Divorce, Death and Probate, Minors, Corporate Holdings etc.  

Other Areas Anti Money Laundering Procedures Client Money Compliance Complaints Handling Stamp Duty Reserve Tax  

Common Mistakes and Errors  

Compliance Breaches  

Investment & Borrowing Powers - Retails Schemes - Non Retail Schemes