PRU-EPRS 1.37 PRU-EPRS 1.37 Instructional Guidelines- Form B260 — Acting as a Trustee of a Fund and Fund Administration Activity
Form B260 is designed to capture the data pertaining to acting as a trustee of
Collective Investment Funds("CIF") and fund administration activity. The scope of this form includes all CIFs for which the services referred above are being provided irrespective of whether the CIFs are recognised or registered with the DFSA.
This form is applicable to
Authorised Firmslicensed to act as a trustee to a CIFand to Authorised Firmslicensed to provide fund administration services to CIFs or to other investment vehicles. These include Authorised Firmsoperating as a Branchin the DIFC. The Authorised Firmsneed to complete only the sections of the form which is/are applicable to them.
The form is intended to capture information pertaining to the number of CIFs and the net asset value of the CIFs for which these services are being provided for each type of
CIF. The form seeks the data referred above across funds categories — based on their public / private status and based on the domicile of the CIFs involved. Authorised firms are required to report all data on net asset value of funds in USD equivalent, including the net asset values of funds denominated in other currencies.
Structure of the form in EPRS
B260 is a single form which has two main sections. The first section seeks data pertaining to acting as a
Trusteeand the second section seeks data on fund administration activity. Both the main sections are similar in arrangement and both of them have two sub-sections.
The first sub-section — By Type of Funds requires data on number of funds and total net asset value of those funds classified as per their public / private status. The second sub-section — Domicile of Foreign Funds requires the same data classified as per the jurisdiction where the funds are domiciled.Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
PRU-EPRS 1.37 Instructional Guidelines
The data being sought in all the three sections of this form are self explanatory given the description provided in the title column.Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]