Regulated Fund Platform

The Central Bank of Ireland amended the Alternative Investment Fund (AIF) Rulebook which reduced the 16 AIFMD managerial functions to 6 key functions. The same requirement regarding the organizational effectiveness, and the separation of the operational and the risk management functions from the investment management function applies. All funds authorized after the 1st of November 2015 are required to comply and the 6 new managerial functions must be reflected in their programmes of activity.

The Management Committee and the Board of Directors have put in place the following key management functions;

1.    Regulatory compliance: Procedures are in place to ensure compliance with all legal and regulatory requirements of the AIFM and all AIFs under management. 
2.    Fund risk management: CCM will ensure that all applicable risks relating to the AIFs under management can be identified, monitored and managed at all times.
3.    Operational risk management: CCM will ensure that all applicable risks relating to the AIFs under management can be identified, monitored and managed at all times.
4.    Investment management: Procedures are in place to ensure that the investment approach of each AIF under management is complied with and to ensure up to date information on the performance of portfolio is available.
5.    Capital and financial management: Procedures are in place to ensure compliance with regulatory capital requirements, that all relevant accounting records of the AIFM and all AIFs under management are properly maintained and readily available to include the production of annual and half-yearly financial statements and to ensure that proper accounting policies and procedures are employed. 
6.    CCM is committed to ensure and verify that the distribution strategy of each AIF is complied with. Procedures are in place to ensure that complaints from unitholders relating to distribution matters are addressed promptly and effectively.

On a day-to-day basis, Crossroads Capital Management Limited (CCM) ensures that we monitor and control the 6 key management functions outlined. Here at CCM, we have a designated person to work on each of the 6 AIFM functions to ensure that every need of our clients is fulfilled.