Introduction
Privium Fund Management (UK) Ltd. (Privium UK) is authorised and regulated by the Financial Conduct Authority (FCA) as a Collective Portfolio Management Investment (CPMI) firm and is therefore authorised as an Alternative Investment Fund Manager (AIFM) with MiFID “top-up” permissions. Privium UK offers a range of regulatory hosting solutions as an investment fund management company (AIFM & UCITS) for alternative and traditional asset classes across different jurisdictions.
Privium UK’s extensive experience in fund management, coupled with our global presence, positions us to offer tailored and bespoke solutions that address the unique challenges faced by investment managers in today’s complex regulatory landscape.
Regulatory Hosting
Privium UK enables firms to carry out regulated business activity under their regulatory umbrella (under their own firm name, ownership and control) without being directly authorised by the FCA. The firm will become an Appointed Representative (AR) of Privium UK which will enable the firm to use our regulatory permissions. Our hosting services include:
- Investment Advisory/Arranging
- Corporate Advisory
- Investment Management
- Marketing & Distribution Services
- AIFM Services
Appointed Representative
An Appointed Representative (AR) is an arrangement whereby a person or firm is able to carry out regulated business activity under a firm (Principal) who is directly authorised by the FCA. The Principal takes responsibility for ensuring the AR is compliant with all relevant FCA regulations. Privium UK provides a full service which includes but not exclusive to the following:
- Ongoing compliance monitoring
- Reviewing and approving marketing material
- Risk monitoring and oversight
- Providing initial and ongoing compliance training
- Providing compliance manual and relevant ancillary compliance policies
- Keeping abreast of regulatory changes and providing relevant regulatory updates
- Completing the required FCA returns (including Annex IV)
- Completing FCA notifications, such as marketing notifications (funds only)
- Highly qualified team aiming to respond to queries within 24 hours
- Producing/review of legal agreements
- The Chartered Institute for Securities & Investment (CISI) training modules
- Key regulatory webinars
Benefits of becoming an AR:
- Able to obtain authorisation as an AR within just a few weeks and be ready to conduct regulated business
- More cost-effective for businesses than direct approval
- ARs do need not comply with the regulatory capital requirements themselves
- Compliance and risk expertise
- Privium UK keeps the AR informed of regulatory updates, allowing the AR to focus on its day-to-day business
- No Compliance/MLRO Officer requirement
Investment Management
Privium UK provides portfolio management services to funds and separately managed accounts (SMAs) in respect of which Privium UK is the designated investment manager. Approved Persons of ARs are seconded into Privium UK for the purpose of managing funds and/or portfolios.
Fund Management Services
Privium UK provides a range of fund management services, which include:
- Fund Structuring – Ensuring that your fund meets the needs of your (target) investors
- Fund setup – Start-up support related to regulatory approval, selecting and liaising with service providers and preparing legal documentation
- Fund Management – Activities related to portfolio management, investment oversight, compliance, risk management, middle office operations (not including fund administration) and liaising with services providers
- Fund Governance – Privium can provide directorship services and AML-related functions to enhance the governance of your fund structure
Marketing & Distribution
Privium UK can help support you with the marketing and distribution of your fund/strategy. In collaboration with one of our Affiliated Companies we are able to offer EU MiFID-II compliant fund marketing and distribution services to investment managers who do not have an EU MiFID, UCITS or AIFMD license. Our solution especially helps non-European Economic Area (EEA) clients and non-regulated European distributors to interact with their European clients.
More information:
Bella Harrison
Tel: +44 207 0469 882
Email: bharrison@priviumfund.com
Regulatory disclosures
Stewardship Code
MIFIDPRU 8 Remuneration Disclosure
SRD2 disclosure document 2024