Inspect fund documentation
Source unit prices
Arrange redemptions
Submit complaints
Take care of country registrations
Undertake KIID, EMT and TPT production
Once your fund is established, GemCap is ultimately responsible to the Central Bank of Ireland. We’ll ensure it meets all relevant laws and regulations on an ongoing basis through our Irish Management Company which provides services under 6 core management functions:
The Board has put in place appropriate policies and procedures to ensure that the investment policies, investment strategies and performance of the Fund are monitored and complied with and to ensure availability of up-to-date information on portfolio performance. The Board will ensure the availability of up-to-date information regarding portfolio performance of each Fund through the Investment Manager’s monthly investment management reports.
On a monthly basis the Designated Person will receive from the Investment Manager a report confirming that:
The Compliance Officer, as the Designated Person for Monitoring Compliance, constitutes GemCap’s compliance function (the “Compliance Function”) and will be responsible for monitoring compliance and evaluating the adequacy and effectiveness of the measure, policies and procedures put in place to comply with all applicable legal and regulatory requirements for GemCap and advising the Board on any additions or changes to GemCap’s compliance procedures that may be required to ensure compliance by GemCap with its legal and regulatory obligations at all times.
The Compliance Function has the necessary authority, expertise and access to resources and necessary information including access, at all times, to the subscription and redemption documentation of the Funds. The Compliance Function operates independently from the day-to-day management of GemCap and has a direct reporting line to the Board.
The Head of Compliance monitors on a regular basis the adequacy and effectiveness of the measures, policies and procedures that have been put in place and will ensure that any actions required to address any deficiencies are identified to the Board, and once approved for implementation, monitored for effectiveness. He will also advise the Board, the Designated Persons and other delegates as appropriate and assist in ensuring they comply with the applicable regulatory requirements.
The role of the Designated Person is to:
GemCap’s permanent risk management function is represented by the Designated Person who is independent of the portfolio management functions. Key obligations are to:
The role of the Designated Person is to oversee implementation of the Fund Risk Management policy and the procedures to ensure that the risks associated with the investment funds that GemCap manages can be properly identified, measured, managed and monitored at all times through the periodic reports received from the service providers.
The Board has established a distribution strategy for each Fund, which is updated as new Funds are launched. The roles of the Board in the distribution strategy of the relevant Fund are as follows:
GemCap acts as Global Distributor and appoints the sub-distributors for each fund who are responsible for the day-to-day activities of marketing the Funds. The Designated Person produces a monthly report on relevant matters, including as appropriate:
Taking into account the nature, scale and complexity of GemCap‘s activities, the Board has put in place procedures designed to ensure that all applicable operational risks pertaining to GemCap can be identified, monitored and managed at all times. The procedures are set out in a documented risk management policy, which also includes procedures for the identification of risks, the processes for reviewing these risks, the responsibility for monitoring them and the means of doing so.
Operational risks are defined as industry specific risks that arise from carrying out the responsibilities and duties of the Funds. Operational risks include the risk resulting from an inadequate or failed internal process, people and systems and includes legal and documentation risk, IT incidents, fraud, complaints, risk relating to outsourcing, reputational risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the Funds.
The role of the Designated Person is to identify, manage and monitor at all times all applicable operational risks of GemCap on behalf of the Board and based on the reporting received by GemCap’s permanent risk management function, to identify risk issues to the Board that require the Board’s attention to ensure their proper management of GemCap.
The Designated Person will:
GemCap has put in place procedures to ensure all relevant accounting records of GemCap and the Funds are properly maintained and are readily available, including the production and filing of annual and half-yearly financial statements, within the relevant timeframes, and that such records are adequate for the purposes of financial control and management information. The Board will ensure that appropriate accounting policies and procedures are implemented and maintained.
The role of the Designated Person is to monitor the:
We help you:
We can also:
Inspect fund documentation
Source unit prices
Arrange redemptions
Submit complaints
Take care of country registrations
Undertake KIID, EMT and TPT production
In addition to supporting funds under our own UCITS Umbrella, GemCap Investment Funds (Ireland), we also offer management company services to stand-alone UCITS umbrella structures.
We particularly welcome the opportunity to work with businesses using common service providers, such as Royal Bank of Canada, Dillon Eustace and Deloitte.
Registered office:
1 WML, Windmill Lane, Dublin 2, D02 F206, Ireland.