Since the introduction of the Alternative Investment Fund Managers Directive (AIFMD) in July 2013, alternative investment managers have been subject to a more stringent regulatory regime, designed to enhance investor protection.
If your fund operates under AIFMD, you need an independent depositary to oversee your fund’s activities. At Vistra, we're a leading service provider in terms of assets under administration (AUA) – so you know your fund is in safe, experienced hands. And with a dedicated team of senior lawyers and accounting officers, we ensure your fund is fully compliant with its depositary duties under AIFMD.
Our depositary services operate in three jurisdictions: the Netherlands, Luxembourg and the UK. As depositary, we monitor your assets according to local laws and integrate the depositary function with the rest of your global fund administration.
All our offices in the UK, Luxembourg and the Netherlands have depositary licences.
We've developed a unique operating model to give you an insight of how we operate as a fund depositary under the AIFMD. In five activities we take care of all steps necessary to be AIFMD compliant: onboarding, monitoring cash flows, ownership verification and record keeping and oversight duties.