Actualités

The ESAs published today an updated version of their PRIIPs Q&A for investment funds. Circular CSSF 21/790 introduced new requirements for Investment Fund Managers (IFMs) having investment funds supervised by the CSSF. A Self-Assessment Questionnaire (SAQ) must now be completed at each fiscal year-end of a fund. Selected answers from the SAQ will be subject to testing by the fund auditors in a Separate Report, including AML questions. The Circular is applicable since the 30th of June 2022. The governing bodies of the fund are responsible for completing this questionnaire. UCITS have to submit the SAQ via eDesk at the latest 3 months after fiscal year-end, while UCI part II, SIFs and SICAR have 4 months to do so. RAIFs are not in scope of this circular. The SAQ is covering inter alia, themes such as the organisation of the fund, investment compliance, asset valuation, NAV calculation process, expenses and income. The SAQ contains over 700 questions and sub-questions, the answers to which must be duly validated by the fund's governing bodies.  To assist its clients in this critical and time-consuming exercise, EFA has developed an SAQ Support Service. Reports and data are prepared for certain questions of the SAQ enabling our clients to build documented responses in the most efficient manner. For more information on this EFA service and the applicable commercial terms, please contact us.

The ESAs published today an updated version of their PRIIPs Q&A for investment funds. Clarifications include: how to describe a product (actively / passively managed, benchmark, ETFs), the market risk assessment (absolute return and flexible funds) the calculation of performance scenario, use of proxies or benchmarks in the calculation, the publication of monthly performance scenario calculations  how to disclose past performances  disclosure of performances and costs for products with a RHP < 1 year the provision of PRIIPs KIDs the calculation of the summary cost indicators the presentation of costs (performance fees)   Link to the document: ESA EFA produces PRIIPs KIDs for its clients and will analyse and take into account the guidance provided in this Q&A. Contact us for more informations  

Francfort-sur-le-Main/Luxembourg, le 9 novembre 2022. Le groupe Universal Investment a le plaisir d'annoncer qu'il a conclu avec succès l'acquisition du prestataire de services financiers European Fund Administration S.A. (EFA), basé au Luxembourg. L'accord pour l'acquisition a été signé en avril et a récemment été approuvé par la Commission de Surveillance du Secteur Financier (CSSF), le régulateur financier luxembourgeois.   Suite à l'approbation réglementaire de la CSSF, Universal Investment conclut avec succès l'acquisition de EFA L'arrivée de EFA au sein d'Universal Investment accélère considérablement l'expansion internationale du groupe Les actifs administrés combinés dépassent 900 milliards d'euros.   Téléchargez le communiqué de presse complet

EFA est fière d'avoir été choisie par LB-P Asset Management pour les services de gestion administrative et comptable de ses fonds Euro Immo Scope et Exibail. Euro Immo Scope est un OPCVM qui investit dans des actions de sociétés intervenant dans les différents segments de l’immobilier. Exibail est un OPPCI dont la stratégie d’investissement vise à constituer un patrimoine d’actifs, composé d'immeubles construits ou à construire, en vue d’en optimiser les revenus locatifs et par voie de conséquence la valeur vénale des actifs. Nous sommes confiants que cette collaboration avec LB-P Asset Management débouchera sur un partenariat performant et durable.    Vous souhaitez en savoir plus ? EFA est là pour vous accompagner dans la création de votre projet. Contactez-nous pour en discuter !

Nous sommes heureux de vous informer que le siège social de EFA France se situe désormais au : 10, avenue Franklin Roosevelt, 75008 Paris. Fidèles à notre engagement de renforcer notre expertise locale en misant sur nos équipes, notre succursale française bénéficie ainsi d'espaces de travail encore plus dynamiques et conviviaux pour vous accueillir au cœur de Paris.   Bon à savoir: Les coordonnées téléphoniques et emails de vos interlocuteurs restent inchangées!

EFA is proud to have been chosen by Link Fund Solutions (Luxembourg) to provide Middle Office services covering Trade management services for transferable securities and for financial derivative instruments. Our Middle Office services are specifically designed for Asset Managers operating in an open-model, (multi-custodian, multi-broker, multi-manager) that seek to implement an efficient and robust post-trade execution processes in line with CSD Regulation.  This block of Middle Office services is part of our Front-to-Back solution. It can be easily combined with Back Office services and a new state-of-the-art Front Office if needed. Download the press release here    

EFA est fière d'avoir été choisie par Beauvau Capital pour la reprise de la gestion administrative et comptable de son OPPCI JEC One. La politique d’investissement du Fonds JEC One, est d’investir principalement dans des actifs commerciaux situés sur le territoire français. Nous sommes confiants que cette collaboration avec Beauvau Capital débouchera sur un partenariat performant et durable. Vous souhaitez en savoir plus ? EFA est là pour vous accompagner dans la création de votre projet. Contactez-nous pour en discuter !  

We are excited to announce the opening of EFA’s Nordic office based in Stockholm. After having serviced Nordic Asset Managers for over 15 years, this emphasizes our continued commitment to the region and is a natural next step in our journey to become the leading investor services platform in the Nordics. EFA's clients include some of the most prestigious Nordic Asset Managers. We provide fund administration, transfer agency services and regulatory solutions for both Swedish domestic funds and Luxembourg domiciled funds, in addition to front, middle and back office services for segregated mandates. Download the press release here   Discover here our solutions for Nordic Asset Managers    

Not a day without a new publication on SFDR! Some clarifications on the ESAs’ draft RTS under SFDR were published yesterday.

Regulatory Watch: ESMA issued a very useful supervisory briefing on Sustainability risks and disclosures in the area of investment management.

Either as a part of its ESG services where ESG data fields related to Principal Adverse Impacts or EU Taxonomy metrics and measures are filled in by EFA, or as a stand-alone service based on data provided by clients.  EET files shall be produced for all share classes of your funds. EETs include the ESG target market description of your funds, their ESG characteristics where applicable and all ESG metrics and measures mentioned in the SFDR and EU Taxonomy regulations. The production will start in June so that all asset managers’ counterparties receive the information on time, considering that investor suitability testing including ESG criteria shall start in early August. EET files must therefore be disseminated to the distribution network of your funds before that date. EFA can also support you for the dissemination of EETs.  Please contact us for more information

EFA has been named Central Administration providing the Fund Accounting as well as the Registrar & Transfer Agency services to the Diversified Opportunities Fund managed by Sherpa Asset Management. The private equity strategy of the Fund is focused on longer than conventional value creation periods and more hands-on management of funds and companies via its Direct Investment holdings. Sherpa Asset Management is a Zürich based asset management company providing asset & wealth management services. We are confident that this first collaboration will lead to a successful and lasting partnership. Do you want to talk about EFA can help your projects? Contact us

Francfort-sur-le-Main et Luxembourg, le 12 avril 2022. Le groupe Universal Investment et les actionnaires d'European Fund Administration (EFA) - Banque de Luxembourg, Banque et Caisse d'Épargne de l'État, Oddo BHF, Quintet Private Bank (Europe) S.A. - annoncent conjointement aujourd'hui qu'ils ont conclu un accord pour l'acquisition d'EFA par le groupe Universal Investment. La transaction est soumise à l'approbation par l’autorité de supervision financière luxembourgeoise CSSF, et devrait être finalisée au cours du second semestre 2022.   Des avoirs sous administration de plus de 900 milliards d'euros, répartis sur quelques 7 000 fonds d'investissement et mandats de gestion. Un partenariat avec EFA qui constitue une nouvelle étape dans la réalisation de l'ambition de devenir la première plateforme européenne de services aux investisseurs et Super ManCo. Une volonté commune des deux sociétés de développer de manière significative leurs activités entre autres dans les pays nordiques, la France et le Benelux.   Téléchargez le communiqué de presse complet

The European Commission adopted on 6 of April technical standards to be used by financial market participants when disclosing sustainability-related information under SFDR.

Track the settlement process of all your active trades in near real-time and in one place, regardless of broker or custodian?