Service Overview
A CIS (Collective Investment Scheme) Manager is licensed to manage one or more investment funds, including open-ended or closed-end schemes, expert funds, and professional investor funds. A CIS Manager is a licensed entity responsible for the day-to-day management and administration of collective investment schemes—such as mutual funds, expert funds, private equity funds, or other pooled investment vehicles.
Key Responsibilities
- Fund Operations Management: Overseeing daily operations of investment funds
- Investor Relations: Managing relationships with fund investors and stakeholders
- Valuation and NAV Calculation: Ensuring accurate fund valuations and net asset value calculations
- Regulatory Compliance: Maintaining compliance with FSC regulations and reporting requirements
- Risk Management: Implementing and monitoring risk management frameworks
- Corporate Governance: Ensuring proper governance structures and procedures
Types of Funds Managed
- Expert Funds
- Private Equity Funds
- Mutual Funds
- Closed-end Funds
Regulatory Framework
- CIS Manager license is issued under the Securities Act 2005
- Must demonstrate adequate capital and a robust compliance framework
- Must employ qualified and experienced personnel, including compliance officers
- Mandatory reporting to the FSC including financial statements, audit reports, and investor disclosures
- Subject to periodic inspections and ongoing regulatory oversight
How Helm can assist
We support with FSC license applications, corporate services, accounting, compliance documentation, AML/CFT requirements, and liaison with auditors.
Requirements
- FSC License: Must obtain CIS Manager license under the Securities Act 2005
- Adequate Capital: Must demonstrate adequate capital and a robust compliance framework
- Qualified Personnel: Must employ qualified and experienced personnel, including compliance officers
- Compliance Framework: Must have robust compliance and risk management systems
- Regular Reporting: Must submit regular reports to the FSC including financial statements and audit reports
- Regulatory Compliance: Must comply with ongoing regulatory oversight and inspections
