Subject: Central Bank Online Reporting System: Systems Administrator
From: "Carne Global" <[email-masked]>
To: <[email-masked]>
Date: 14 Dec 2012 10:01:33 +0000

New regulations governing Luxembourg Management Companies and Investment Companies

View in browser http://newsletter.ie/E/run/v3.aspx?x=690397-714-78

|

Tell A Friend
http://newsletter.ie/E/run/tafn.aspx?x=690397-714-78

 

Central Bank Online Reporting System:

Systems Administrator
Following feedback from lawyers and industry locally the general consensus is that an Officer of a Fund or a Company Secretary is best placed to act as the System Administrator for the Central Bank' new Online Reporting System ("ONR System").

We are pleased to inform you that Carne is now offering an ONR System Administrator Service.

This service comprise of:

Acting as named ONR System Administrator
Co-ordinating delegates responsible for filing each return (Investment Manager, Administrator, Custodian / Trustee, Auditor, Lawyer etc.)
Arranging for access to the ONR system for each delegate
Timely reminders to delegates of filing deadlines and monitoring filings made

It should be noted that the System Administrator will be only one element of the ONR System and the Fund will need to develop procedures to ensure that accurate and timely reporting is submitted to the Central Bank across the various areas required. The quality and timeliness of reporting will be one of the key factors looked at by the Central Bank in reviewing Funds. Carne can also provide assistance and services in this regard.

Please note that a response to the Central Bank to identify the system administrator is required by 17th December 2012.

If you would like us to provide this service please contact: Sarah Murphy on +353 1 489 6815 or by email at [email-masked]

About Carne

Carne is an international specialist in the provision of independent governance services to the global asset management industry. We advise both hedge funds and traditional fund managers on their governance needs as well as providing independent Directors to the boards of some of the most respected hedge fund structures globally.

Carne has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Ireland, Luxembourg, Switzerland, the UK and USA.

www.carnegroup.com http://www.carnegroup.com

This email was sent to [email-masked].

Unsubscribe
http://newsletter.ie/E/run/OO.aspx?x=690397-714-78

|

Update Details http://newsletter.ie/E/run/mcp.aspx?x=29224-714-78

| 
Tell A Friend
http://newsletter.ie/E/run/tafn.aspx?x=690397-714-78

Carne Global Financial Services Limited

http://www.carnegroup.com/ http://www.carnegroup.com/

Dublin - Cayman - London - Luxembourg - New York - Switzerland

The information in this e-mail and any attachments is confidential and may be legally privileged. It is intended solely for the addressee or addressees. If you are not an intended recipient, please delete the message and any attachments and notify the sender of misdelivery: any use or disclosure of contents of either is unauthorised and may be unlawful. All liability for viruses is excluded to the fullest extent permitted by law. Any views expressed in this message are those of the individual sender, except where the sender states them, with requisite authority, to be those of Carne Global Financial Services Limited. If the e-mail is addressed to a client, any opinion or advice contained in this e-mail is subject to the terms and conditions expressed in the governing client agreement. Carne Global Financial Services Limited; Registered Office: 2nd Floor, Block E, Iveagh Court, Harcourt Road, Dublin 2, Ireland; Registered in Ireland: Registration No. 380564.