Publicly listed funds - LSE, TISE, Investment Trusts & VCT's
Publicly listed funds, including those listed on the London Stock Exchange (LSE), The International Stock Exchange (TISE), Investment Trusts and Venture Capital Trusts (VCTs), operate in a highly regulated environment that requires meticulous administration and robust governance.
Waystone Administration Solutions offers a comprehensive suite of services tailored to the specific needs of publicly listed funds, ensuring compliance with regulatory requirements, enhancing operational efficiency and providing transparent reporting to stakeholders. Our experienced team is dedicated to supporting the unique challenges these funds face, delivering customised solutions that meet the highest industry standards.
Accounting services
Waystone Administration Solutions provides a full range of accounting services designed to support publicly listed funds, ensuring accuracy, transparency and compliance with industry regulations.
We deliver precise Net Asset Value (NAV) calculations tailored to the reporting frequency that best suits your fund’s requirements. Our NAV services include:
- Regular calculation and reconciliation of fund assets and liabilities.
- Valuation of investments, including listed and unlisted assets.
- Preparation and distribution of NAV reports in accordance with the fund’s reporting schedule.
- Compliance with relevant accounting standards and regulatory requirements.
Maintaining accurate cash balances and investment positions is critical to the integrity of your fund’s financial reporting. We perform regular reconciliations to ensure all transactions are recorded accurately and any discrepancies are promptly resolved.
Effective cash management is essential for publicly listed funds. We offer comprehensive services to optimise cash flow management, including overseeing bank accounts, facilitating cash movements and ensuring liquidity is managed in alignment with your fund’s strategy.
Our team ensures that performance fees are calculated transparently and in strict accordance with your fund’s agreements. We handle:
- Determination of performance-based fees.
- Compliance with fund agreements and industry standards.
- Preparation and verification of performance fee reports.
We manage the payment of fund expenses and the settlement of transactions, ensuring all processes are handled accurately and in a timely manner, in line with the fund’s agreements and applicable regulations.
We prepare comprehensive financial statements that are accurate, timely and compliant with industry standards. This includes both audited and unaudited statements as required by the fund.
We manage all corporate actions for publicly listed funds, including dividends, stock splits, rights issues and other significant events. Our services ensure that all actions are executed smoothly and in compliance with regulatory requirements.
We prepare detailed board packs, including financial statements, investment reports and other relevant documentation, ensuring that board members have all the information needed to make informed decisions.
Our management accounting services provide fund managers with detailed insights into the financial health and performance of their funds. We prepare management accounts that include budgets, forecasts and variance analysis, enabling informed decision-making.
We obtain independent pricing from multiple sources and maintain the accounting records of the fund on an independent basis. Acting as an External Valuer, we ensure:
- Independent sourcing of prices and exchange rates.
- Creation and execution of the fund’s valuation policy in line with industry standards.
We provide thorough validation of unlisted investments, ensuring that these assets are accurately valued and reported in financial statements.
We prepare comprehensive financial statements and provide full support during the audit process, ensuring that all financial reporting is accurate, timely and compliant with regulatory requirements.
Regulatory and compliance services
Waystone Administration Solutions offers a wide range of regulatory and compliance services tailored to the needs of publicly listed funds, ensuring full compliance with all applicable laws and regulations.
We assist funds in meeting their regulatory reporting obligations under the AIFMD (Alternative Investment Fund Managers Directive), including the preparation and submission of Annex IV reports.
Our team provides services for European Single Electronic Format (ESEF) reporting, ensuring that your financial statements meet the latest EU regulatory requirements.
We offer iXBRL (Inline eXtensible Business Reporting Language) tagging services, ensuring that your financial data is accurately tagged and fully compliant with regulatory requirements.
We assist in the preparation and submission of reports in compliance with the Association of Investment Companies (AIC) standards, ensuring transparency and accountability in reporting.
Other services
In addition to our core services, Waystone Administration Solutions offers a range of supplementary services designed to support the successful operation of publicly listed funds.
We offer drafting services for Fund Prospectus, Private Placement Memoranda (PPMs) and other essential fund documentation, ensuring that all materials meet legal and regulatory requirements.
Our directors payroll services ensure that all payroll obligations for directors are met with accuracy and compliance, including tax and regulatory filings.
Our tax assistance services include the preparation of tax returns and reporting, ensuring compliance with all relevant tax regulations. We provide detailed support for tax reporting, including specific requirements for publicly listed funds.