AIFMD / EU Passport

The AIFM Directive creates a single marketplace within the EU for the marketing of AIFs, known as a marketing ‘Passport’. Prior to the AIFM Directive, such marketing was only available to UCITS funds.

IFM can provide AIFM solutions as a standalone offering, in conjunction with PraxisIFM Group fund services, or other partners

  • Cross-border Passport, allows AIFMs to manage or market EU AIFs in all EU Member States.
  • Activities can be carried out from the registered office of the AIFM, or via a branch established in another EU Member State.
  • NPPR approval is not always available for marketing in certain Member States, therefore the only way of marketing in those member states is via the passport.
  • Always a possibility that Member States which currently permit NPPR approval for marketing in their jurisdictions, amend their domestic rules, such that NPPR approval would no longer be feasible in the future.
  • By appointing an AIFM domiciled in Luxembourg, the AIFM is untouched by Brexit from a marketing and managing of EU AIFs, so unlike the UK, there is no transition between pre and post Brexit and more importantly no concerns around certainty.

IFM EU Passport Solution

  • IFM offers a fully compliant AIFM solution to investment strategies including debt, real estate and private equity.
  • With the use of open architecture, IFM is able to adopt different approaches for each manager. This allows managers to focus on their core competencies of portfolio management.

Chris Hickling

Managing Director

BACKGROUND

Chris joined PraxisIFM in 2009 as part of the purchase of Investec Administration Services' client book. Having initially joined our Operations team he became Managing Director of IFM later that year.

He had previously worked for Close Fund Services for six years, during which time he reviewed and implemented new operational procedures leading to a more focused and risk-based approach on a broad range of funds. Reviews included the areas of pricing and risk, NAV production and dealing with fund advisors. 

He continues to sit on a number of fund and general partner boards and oversees all management services including adherence to distribution rules and investor reporting.

EXPERTISE

Chris' focus is primarily on developing opportunities in fund management, risk management and AIFMD/UCITS solutions.

QUALIFICATIONS

ACA

Shaun Robert

Director

BACKGROUND

Shaun has extensive front to back experience in fund administration across transfer agency, fund custody, trustee and AIFMD depository lines of business. For more than 25 years he has dealt with most fund structures across a wide range of strategies such as hedge funds, fund of funds, fund of hedge funds, debt, bond and equity funds.

He gained valuable experience with Close Fund Services, Credit Suisse Fund Administration and J.P. Morgan Custody Services. Shaun has also held prescribed positions as recognised by the Guernsey Financial Services Commission for over 10 years, including Directorships and MLRO positions.

As a Director of IFM, Shaun offers advisors and boards with fund and risk management services solutions, including AIFMD and UCITS, providing PPM reporting and registrations for cross border marketing, together with consulting services for managers and boards seeking adherence to AIFMD and UCITS. He also assists with oversight and governance of the day-to-day business.

EXPERTISE

His risk management service solution advice to advisors and boards.

QUALIFICATIONS

Member of the Chartered Institute for Securities and Investments.