FundsNet

Our global solution for the passporting, private placement and distribution of funds

Global fund registration brings with it associated business and regulatory risks. Addressing these issues, quality control and maximizing your business opportunities are some of the principal challenges you face. Understanding and managing these are central to your success.

See our International FundsNet flyer

As one of the biggest global law practices in the world, we understand these risks and challenges and have worked with our clients to develop FundsNet. This coordinated passporting, private placement and distribution service is designed to help you comply with regulatory obligations and understand the key issues in each country where your funds are sold. FundsNet draws upon our market understanding, depth of resource and innovative approach to information technology.

Eversheds Sutherland has unrivalled experience of advising investment funds, acting for a broad range of clients, most of which have strong international offerings.

FundsNet

FundsNet enables you to understand the key issues in each country where your funds are sold and comply with the regulatory obligations.

FundsNet allows you to tailor a solution for your business that provides a clear and managed process for:

passporting EU AIFs managed by EU AIFMs
passporting UCITS (UK and non-UK domiciled)
private placement (UCITS funds, non-EU AIFs, AIFs with non-EU AIFMs)
ongoing host state compliance
advice on legal and commercial issues to consider when deciding whether to passport
advice on pre-passporting promotion and distribution
review of UK and international websites and financial promotions
review and negotiation of distribution agreements
review and negotiation of local paying agent, facilities agent and other agreements
AIFMD Annex IV transparency reporting. For Annex IV reporting, we work with leading suppliers to provide you with a complete outsourced solution

See our International FundsNet flyer

FundsNet country updates

View the last 4 International FundsNet updates.

FundsNet - February 2023

View the latest FundsNet update

Previous country updates

What others say

The FundsNet team has given us a great deal of comfort during the fund registration process, their professionalism and strong project management skills have meant that we have been able to have confidence in the high impact area of fund registration.
Fulcrum Asset Management

FundsNet solutions

Entry

AIF passporting/registration

UCITS passporting/registration

Identify documents, local requirements and service providers
Arrange translations, country supplements and disclaimers (as required)
Prepare and submit notification packages (or similar)
Manage queries from regulators
Identify requirements for further notifications/communications
Maintain registration tracker, an interactive overview providing a live link to your fund registrations

Private placement

Identify local requirements for marketing by way of private placement
Where allowed/required, prepare and file country notifications/registrations under national private placement regimes
Manage queries from regulators
Identify requirements for further notifications/communications

Third party agreements

Source and management of all third parties involved in the registration process
Review and negotiate distribution agreements
Review and negotiate local paying agent, facilities agent and other agreements
Prepare fund information matrix, providing a link to key documents and agreements on a fund by fund basis

Optimisation

Country guides

Concise and practical legal advice in a standard format on registering, promoting and distributing funds, including:
- AIF passporting guide
- AIF private placement guide
- UCITS passporting guide

Compliance

Identify and provide automated alerts to filing/maintenance obligations and deadlines
Update registrations/notifications where required to reflect particular changes to your fund range, including translations, disclaimers and country supplements (as required)
Address your day-to-day regulatory reporting obligations that relate to a fund or sub-fund – for example, the filing of annual reports, updates to share classes and other information
Provide service providers with the latest versions of updated fund documentation
Maintain registration tracker

Websites and financial promotions

Advise on pre-registration promotion and distribution
Review UK and international websites, disclaimers and financial promotions

AIFMD Annex IV transparency reporting

Working with leading suppliers to provide you with a complete outsourced solution

Other needs

Non-standard advice
Assisting you with non-standard advice with which you may require assistance, for example:
- change of controller notifications across multiple jurisdictions
- review of record retention, anti-bribery, AML, etc. policies across multiple jurisdictions
- stamp duty and tax requirements

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.

FundsNet