Roles and Actors This section describes the actors involved in the process outlined in this document, and the that they play. Receiving Party Reporting Party The party that requests and receives a The party that issues the statement, either at an agreed statement - usually the account owner or their frequency or on request from the Receiving Party. agent Actor Description Examples/ synonyms Typical Roles Fund The company that is responsible for the Fund Company, Fund Reporting manager management and operation of the fund, for management company, example, determines the investment strategy, Fund promoter appoints the service providers, and makes major decisions for the fund. It is usually responsible for promotion distribution and marketing of the fund. Transfer The entity that undertakes the execution of Reporting agent subscription, redemption and switch orders on behalf of the fund. Investor The party whose money is invested. It can be one Receiving or more individuals or entities. Party Custodian A party who holds the assets on behalf of an Receiving individual or institutional investor. They may be Party asked to send orders on behalf of the investor. Investment An entity that may be appointed by an investor to Receiving manager make investment decisions on their behalf. Fund An entity that collects and aggregates investor Aggregator, consolidator Receiving platform orders for placement with the registering party, Party and maintains the shares in its nominee account Fund hub An entity that manages and centralizes For example Vestima, Receiving communication, settlement and coordination of Fundsettle, etc. individual orders among the various parties. A Hub's services can range from managed order routing to settlement and asset servicing. Distributor An entity through which investors may buy or sell For example brokers, Receiving funds units. This may be on an advisory or financial advisors, and Party execution-only basis. banks.
Roles and Actors This section describes the actors involved in the process outlined in this document, and the that they play. Receiving Party Reporting Party The party that requests and receives a statement - usually the account owner or their agent The party that issues the statement, either at an agreed frequency or on request from the Receiving Party. Actor Description Examples/ synonyms Typical Roles Fund manager The company that is responsible for the management and operation of the fund, for example, determines the investment strategy, appoints the service providers, and makes major decisions for the fund. It is usually responsible for promotion distribution and marketing of the fund. Fund Company, Fund management company, Fund promoter Reporting Transfer agent The entity that undertakes the execution of subscription, redemption and switch orders on behalf of the fund. Reporting Investor The party whose money is invested. It can be one or more individuals or entities. Receiving Party Custodian A party who holds the assets on behalf of an individual or institutional investor. They may be asked to send orders on behalf of the investor. Receiving Party Investment manager An entity that may be appointed by an investor to make investment decisions on their behalf. Receiving Fund platform An entity that collects and aggregates investor orders for placement with the registering party, and maintains the shares in its nominee account Aggregator, consolidator Receiving Party Fund hub An entity that manages and centralizes communication, settlement and coordination of individual orders among the various parties. A Hub's services can range from managed order routing to settlement and asset servicing. For example Vestima, Fundsettle, etc. Receiving Distributor An entity through which investors may buy or sell funds units. This may be on an advisory or execution-only basis. For example brokers, financial advisors, and banks. Receiving Party
SMPG-IFWG-MP-Statements_Draft_2015-11-17.docx