The role of Polar 993 Fund Services as the fund administrator will include:
- Online subscription application portal
- Online investor register portal
- Processing subscriptions and redemptions to the Fund
- Issuing contract subscription notes to investors
- Establishing and maintaining the investor registry of the Fund
- Undertaking the initial and annual KYC and AML for all Fund Investors
- Producing the quarterly net asset value (NAV) of the Fund
- Entering all portfolio transactions into the accounting system
- Maintaining and operating in accordance with the Trustee’s and Investment Manager’s approval, the bank account of the Fund
- Processing distributions from the Fund
- Maintaining the books and records of the Fund
- Investor capital calls (if applicable)
- Investor reporting
Working with the Investment Manager and the external tax/accounting advisers & auditors who will prepare the:
- Quarterly BAS returns
- Annual financial statements of the Fund
- Annual tax return of the Fund
- Annual investor tax distribution calculations
- Annual tax statements
- FATCA and CRS reporting
- Annual fund audit