In today’s fast-moving world, relying on traditional managed services that focus only on cost-cutting and routine tasks will only take you so far.
KPMG Managed Services professionals work with you to operationalize your growth ambition – helping you move beyond the back office, beyond cost savings, and beyond technology to gain and sustain a competitive advantage through ongoing transformation.
With our approach you can expect:
Our distinct approach
The Fund Life Cycle
Supporting You at Every Stage
KPMG helps asset managers and funds succeed from setup to liquidation.
- Set-up
- Distribution & marketing
- Business-as-usual
- Investor exit
- Liquidation
Set-up
Check tab 2 or 3 for options
Distribution & marketing
Preparing and distributing the Fund across target markets in compliance with regulatory, disclosure and investor-protection requirements.
Your challenges:
- Managing the switch and ongoing upkeep of PRIIPs KID/UCITS KIIDs and ensuring the KID/KIID used matches the target investor base / markets.
- Making sure that marketing communications towards investors are fair, clear and not misleading while conveying your message and marketing strategy
Our solutions:
- PRIIPS / UCITS reporting
- Fund Marketing Compliance Review
Your challenges:
- Ensuring the fund and relevant entities hold valid and appropriate Legal Entity Identifiers (LEIs) to enable distribution and transaction reporting
- Navigating cross-border fund notification requirements to optimize global fund distribution
- Estimate institutional investors capital charges pre investment
- Ensure funds compliance with Institutional Investors regulatory rules or expectations usage
Our solutions:
- LEI registration and maintenance
- Fund Distribution Services
- IIR services - CRR & Solvency II factsheets & marketing materials
- IIR services - VAG eligibility, LCR eligibility, Infrastructure eligibility
Your challenges:
- Executing UCITS passporting in the European Economic Area as well as worldwide cross-border fund registration, ensuring timely market access
- Listing funds such as ETFs on stock exchanges in a timely and organized manner
Our solutions:
- Fund Distribution Services
- Fund Listing Services
Your challenges:
- Ensuring effective oversight of distributors and delegated marketing activities across jurisdictions
Our solutions:
- Distributor governance and oversight framework design and review
Your challenges:
- Ensuring consistent execution and control of distribution processes across markets and channels
- Ensuring a clear, consistent, and defensible tax governance framework as the fund expands its distribution footprint
Our solutions:
- Review of distribution operating models and control frameworks
- Tax Governance & Tax Transparency
Your challenges:
- Anticipating local tax implications of cross-border distribution
- Managing investor tax registration requirements linked to cross-border distribution
- Reassuring investors regarding taxation expectations
Our solutions:
- Local tax compliance
- Investor tax registration
- Marketing materials outlining favorable investor tax treatment by country
Business-as-usual
Managing the day-to-day operations of the Fund, including portfolio activity, NAV calculation, risk management and ongoing regulatory compliance.
Your challenges:
- Preparing financial reports in line with regulatory requirements
Our solutions:
- Preparation of semi-annual financial report
- Preparation of annual financial report
Your challenges:
- Complying with the CSSF circulars for prudential supervisory purposes
Our solutions:
- Preparation of CSSF self-assessment questionnaire and submission on eDesk
Your challenges:
- Ensuring accurate and timely reporting in line with relevant regulatory requirements
Our solutions:
- MiFID II / MiFIR reporting
- MMF reporting
- AIFMD Annex IV reporting
- PRIIP / UCITS reporting
- Periodic, Precontractual and Website disclosure SFDR reporting (incl. CSSF data collection reporting)
- ESG Risk and PAI reporting
- BCL reporting
- Form PF reporting (for SEC registered advisers)
Your challenges:
- Ensuring accurate and timely funds look-through reporting in line with your institutional investors' regulatory requirements and capital charge estimation
Our solutions:
- IIR services - Insurance Undertaking reporting (Solvency II TPT , VAG, QRT, QAD, SG & HK RBC, SST formats)
- IIR services - Credit Institution reporting (CRR, GroMiKV, LCR, KVG, Basel III & investor bespoke templates)
- IIR services - Pension funds reporting (VAG, IORP II, FTK, QMV, COVIP, AFP formats)
Your challenges:
- Ensure funds look-through reporting calculation correctness for your institutional investors regulatory requirements
Our solutions:
- IIR services – Solvability ratios & Foreign exchange risk CRR certification
Your challenges:
- Continuously monitoring of market and liquidity risks to ensure compliance with regulatory limits and effective risk management
Our solutions:
- Market & Liquidity Risk Monitoring
Your challenges:
- Regular reporting to verify compliance of the sub fund holdings with defined sustainability objectives
Our solutions:
- Sustainability Risk Monitoring
Your challenges:
- Ongoing review of sub fund composition to ensure alignment with prospectus and regulatory investment compliance rules
Our solutions:
- Investment Compliance Monitoring
Your challenges:
- Ensuring compliance with evolving valuation (regulatory) requirements
Our solutions:
- Valuation regulatory requirements – Gap analysis
- Valuation regulatory requirements – Trainings
- CSSF inspection preparation
Your challenges:
- Managing ongoing cross-border fund distribution maintenance requirements, such as regulatory document update (offering documents, financial reports, PRIIPs KIDs, constituent documents, etc.), material change notifications such as fund renaming, NAV breach notifications, country reporting, investor notice adaptation, etc.
Our solutions:
- Fund Distribution Services
Your challenges:
- Ensuring effective oversight of delegated AML/CFT activities on distributors, portfolio managers, custodians, central administrators, securities lending agents, etc.
Our solutions:
- AML delegate oversight / Know Your Delegates
Your challenges:
- Maintaining effective ongoing governance and evidencing decision-making
Our solutions:
- CoSec Services
Your challenges:
- Ensuring accurate valuation of (illiquid) assets as of each NAV calculation date
Our solutions:
- Acting as valuation appraisal and / or external valuer for any kind of (illiquid) asset
- Acting as second price source provider for any kind of (illiquid) asset
- Development of (complex) valuation models
- Independent validation of (complex) valuation models
Your challenges:
- Ensuring accurate and timely NAV calculation and fund accounting
Our solutions:
- Fund administration and transfer agent services including NAV calculation, accounting and bookkeeping
Your challenges:
- Ensuring effective execution of AML/CFT controls across investor onboarding and ongoing monitoring
Our solutions:
- AML/CFT execution services
Your challenges:
- Ensuring the fund’s annual financial report is accurate, reliable and compliant with applicable financial reporting framework
Our solutions:
- Audit of financial statements
Your challenges:
- Complying with the CSSF circulars for prudential supervisory purposes
Our solutions:
- Separate Report of Funds under CSSF Circular 21/790
- Separate Report of Manco under CSSF Circular 21/789
- AML/CFT External Report of Manco under CSSF Circular 21/788
- Review of NAV Calculation Error under CSSF Circular 24/856
- Contribution-In-Kind reporting
Your challenges:
- Ensuring accuracy, completeness and reliability of agreed-upon matters
Our solutions:
- Assurance review of Interim Financial Information
- Assurance report on non-financial / ESG matters
Your challenges:
- Demonstrating that controls are properly designed and operating effectively across fund administration and reporting processes
Our solutions:
- ISAE 3402 / SOC 1 / SOC 2 reports
Your challenges:
- Ensuring compliant, efficient and well-controlled tax management across jurisdictions, investors and portfolio events
Our solutions:
- WHT Reclaims
- WHT HealthCheck
- Local Tax Compliance
- Tax Implications on Corporate Actions
- Tax Updates and Monitoring
- Investor Tax Reporting (Country breakdown of the different investor tax reporting services)
- Transfer Pricing Study
- Subscription Tax
Investor exit
Check tab 2 or 3.
