Cayman Islands

Funds, Flows & Facts: July 2017

The first quarter of 2017 was characterised by gains in Eurozone, global and UK equities. In the Eurozone, the PMI reached a six year high in March and inflation increased. Political worries in Europe were less of a concern with fears of far-right election victories in both France and the Netherlands receding. The quarter also saw positive returns in the credit space in line with equities.

The Companies (Accounting) Act 2017

The Companies (Accounting) Act 2017 (the “Act”) became active on 9 June 2017 and transposes the EU Accounting Directive 2013/34/EU into Irish law. The main objective of the Act is to make the financial reporting and filing obligations of smaller companies less onerous. The Act impacts funds established as UCITS/AIFMD compliant investment companies (collectively “Investment […]

An Overview of MiFID II

Introduction The first Markets in Financial Instruments Directive (“MiFID I”) became effective on 1 November 2007. It introduced a number of items including the MiFID passport, client categorisation requirements, client order handling requirements, pre and post trade transparency requirements and requirements relating to investment firms ensuring that clients receive best execution. MiFID II will come […]

CP86 – A Comprehensive Overview

Introduction On December 19th 2016, the Central Bank of Ireland (“CBI”) published the final guidance on consultation paper 86 (“CP86”). CP86 addresses the effectiveness of Fund Management Companies (“FMCs”). The process commenced in September 2014 with the publication of the first of three consultations on this topic. The objective of CP86 is to introduce initiatives […]

General Brochure

Established in 2003, KB Associates (“KBA”) is an independent provider of management company and consulting services. We are dedicated exclusively to meeting the needs of asset managers establishing offshore investment funds. KBA works with a diverse range of asset managers enabling them to successfully develop their offshore funds businesses. KBA supports both traditional UCITS and […]

KBA Management Company Solution

Asset Managers wishing to establish a Unit Trust or Common Contractual Fund (CCF) require an approved management company. Asset Managers wishing to establish an Irish Collective Asset Management Vehicle (ICAV) may utilise a selfmanaged structure or a structure with a management company. KB Associates’ management company (“KBA ManCo”) is authorised by the Central Bank of […]

A Guide to Establishing UCITS in Ireland

 UCITS offer investment managers a unique opportunity to significantly expand their distribution. UCITS are entitled to passport throughout the EU and have been approved for distribution in over eighty five countries. UCITS offer investors a product which operates within a well-defined regulatory framework where significant checks and balances exist. Given the appetite of investors for […]

Experienced Independent Directors for Investment Funds

KB Associates is an independent consulting firm dedicated to meeting the needs of investment funds and their promoters. KB Associates provides experienced independent directors to serve on the boards of investment funds and management companies in all of the major fund jurisdictions. Since its inception KB Associates has provided investment funds with independent directors meeting […]

Risk Management Services for Investment Funds – Ireland

Directive 2001/61/EU (the “Alternative Investment Fund Managers Directive” or “AIFMD”) and the Commission Delegated Regulation (EU) No 231/2013 (“AIFMD Level 2”) (collectively “the Regulations”) impose significant Risk Management organisational requirements on Alternative Investment Fund Managers (“AIFMs”) managing Alternative Investment Funds (“AIFs”) within the EU. Non-EU AIFMs that manage AIFs domiciled within the EU or market non-EU domiciled AIFs to EU investors are […]

MLRO Services for Investment Funds – Ireland

Regulatory Obligations The Criminal Justice(Money Laundering and Terrorist Financing) Act 2010 and the Criminal Justice (Terrorist Offences) Act 2005 impose requirements on regulated entities to operate controls and procedures designed to prevent money laundering and combat the financing of terrorism (“AML/TF Process”). Irish investment funds are subject to these requirements and have a regulatory obligation […]

Company Secretarial Services

Irish Company Law requires every company to have a company secretary. KB Associates provides a dedicated corporate secretarial service to investment companies and management companies (“Companies”), both UCITS and non-UCITS. In addition to the Irish legislative requirements, the introduction of the IFIA Corporate Governance Code for Collective Investment Schemes and Management Companies requires Companies to […]

Solutions for Hedge Fund Managers

Hedge fund managers face an increasingly challenging investment, risk management, operational and regulatory environment. It is essential that scarce management resources be free to focus on the investment decision making process critical to ensuring success. Simultaneously managers must address a range of risk management, operational and regulatory issues. As the hedge fund industry develops it […]

Liquidation Services for Investment Funds & Financing Vehicles

KB Associates (“KBA”) is a boutique, independent consulting firm which assists asset managers in addressing the operational issues associated with the establishment and management of offshore investment funds. KBA offers a dedicated termination and liquidation service to asset managers seeking to cease their funds’ operations and to special purpose vehicles (“SPVs”) which are being liquidated. […]