| Managed Funds |
Managed FundsMANAGED FUNDSManaged Funds tackles inefficiencies in the managed funds sector. Focus issues evolve as new market challenges emerge, or opportunities are triggered by new opportunities for industry co-operation, new technology and/or utility solutions. Operationally, unlisted managed funds remain a relatively inefficient investment type when compared to traded markets. Traded markets offer regulated and consistent listing rules, golden source data and standardised settlement conventions – compared to the fragmented (issuer specific) nature of the unlisted managed funds.
Executive SponsorBen Sung - Clearstream ChairManoj Deshpande - Clearstream
“ACSA is pivotal in contributing with Regulatory bodies in effecting changes for the benefit of investors. I have had the opportunity to contribute to working groups such as Funds 2.0 and the Data Task Force and together
with other industry participants strongly support ACSA in its undertakings.”
Shirley Bowles
HSBC On-boardingAML/KYC process efficiency, potential to harmonise risk interpretation while also balancing fraud prevention and cyber security risks. Improved investor experience across fund issuers. ACSA hosted industry workshops bringing together key service chain actors to refine problem statements and better understand constraints. Ideas for a centralised utility and multi-party reliance were canvassed, but ultimately limited by regulation. A significant benefit of the work stream was that it created a forum for digital on-boarding solution providers to better understand the problem space, and to be introduced to issuers and registries. Fund DataRegulatory, Tax, Reporting, Fund Static Data – opportunities to streamline publication and collection for all stakeholders, improve the integrity and consistency of data, encourage efficiency through a “golden source” approach. Opportunities for standard formats and interpretations to improve the investor experience. A specific use case on the complex field of fund tax data was adopted. A new standard was developed and endorsed by ACSA in June 2021.  |
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