Trustee & Depositary Services
An independent approach trusted by over 1,000 schemes
Our Trustee & Depositary Services is the market-leading independent trustee and depositary supplier to the UK’s collective investment scheme (CIS) industry*. In fact, we are responsible for approximately half of all UK authorised collective investment schemes. So how could we help your business?
* By number of management companies and value and number of collective investment schemes
RBS has provided trustee or depositary services for over 70 years. Today we work with more management companies and more schemes than any other trustee.
We are responsible for the trusteeship of over 1,200 Collective Investment Schemes (CIS). Our team consists of over 200 specialists who are entirely dedicated to trustee and depositary duties. The result? We can offer you unparalleled experience of all aspects of trusteeship.
The heart of our success is our truly independent trustee approach - providing flexibility in choice of custody, fund accounting and transfer agency service providers.
How we can help
We offer trustee or depositary services for authorised unit trusts and open-ended investment companies (OEICs) constituted under the FSA's Collective Investment Schemes (COLL) sourcebook.
As well as authorised schemes, we also provide full trustee services for unauthorised schemes and for common investment funds.
Our specialist legal, derivatives and product teams are here to give you strong, detailed support when you launch specialist schemes.
Benefits
- Wide choice - we have close working relationships with all major custodians and third- party administrators; this gives you access to the right mix of suppliers for your businesses
- Derivatives expertise - monitoring and advisory service
- Specialist teams - our dedicated relationship managers focus on building a long-term and successful business relationship with you
- In-house expertise - we have a highly-experienced compliance team, as well as in-house legal support for issues such as scheme mergers, launches, conversions and wind-ups
Services
- Compliance updates - our automated compliance monitoring service helps you stay in control
- Regulatory information- prompt and definitive updates, advice and support
- Transparency - detailed management information on our own performance and that of delegates
- Distribution reconciliation - fast and effective service
- Workshops and forums - private workshops and open forums to update you on regulatory and industry changes
- Regular updates - quarterly commentary and analysis on issues relevant to the fund management community. We also publish regular electronic regulatory bulletins, topic guides and briefing notes
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ComplianceAlert is our compliance monitoring and reporting system for the Collective Investment Scheme (CIS) market. The system is:
- Up-to-date - you receive daily internet reports of potential regulatory or objective breaches
- Flexible - you can specify the parameters within which we will report on a fund’s compliance, providing an early warning of potential breaches
- Open - it's easy to export reports to other applications
- Hassle-free - the system and data maintenance is managed by us
How it works
ComplianceAlert examines each unit trust or OEIC portfolio for investment regulation breaches and compliance with scheme objectives.
If a potential breach is highlighted, an exception report is generated by the system. These potential breaches are investigated and, where appropriate, discussed with you.