Transitioning to Full Scope Alternative Investment Management
Octopus Apollo VCT plc Transitions to Full Scope AIFM
Octopus Apollo VCT plc is making significant changes to its investment management operations. The company has announced that Octopus AIF Management Limited will now take on the role of a full scope alternative investment fund manager. This transition marks an important milestone for the organization as it adapts to the evolving financial landscape.
Understanding Full Scope Alternative Investment Fund Managers
Being registered as a full scope alternative investment fund manager is no small feat. This designation, regulated under the European Union's Alternative Investment Fund Managers Directive, ensures that the entity adheres to stringent financial regulations and provides a layer of protection to investors. It facilitates a higher standard of accountability and efficiency in the management of investment funds.
The Role of Octopus AIF Management Limited
With this transition, Octopus AIF Management will assume all AIFM responsibilities for Octopus Apollo VCT plc. This change is an effort to streamline operations and enhance management practices. Following a deed of novation, the investment management agreement previously held by Octopus Investments Limited will now be under the purview of Octopus AIF. This adjustment is intended to reflect the new status and improve the quality of services provided to investors.
Continued Partnership with Octopus Investments
Despite this change, the partnership with Octopus Investments continues. A sub-management agreement allows Octopus to maintain its portfolio management services for the company. This synergy is designed to ensure that there is no disruption in the provision of investment services, providing confidence to existing and prospective investors.
Regulatory Compliance and Investor Transparency
To maintain transparency with its investors, Octopus Apollo VCT plc has submitted an AIFMD Investor Disclosure Supplement to the Financial Conduct Authority. This document is crucial for investor awareness and will soon be accessible at the National Storage Mechanism. The high level of regulatory compliance demonstrates the company’s commitment to protecting investor interests and upholding market integrity.
Accessing Investor Information
Investors interested in viewing the AIFMD Investor Disclosure Supplement can find it at the designated online platform for national storage. Additionally, the company will also provide this information on its website, ensuring that all stakeholders have easy access to pertinent details regarding the fund’s management.
For Further Inquiries
For any further questions or clarifications, interested parties can reach out to Rachel Peat at Octopus Company Secretarial Services Limited. They can be contacted at +44 (0)80 0316 2067 for prompt assistance. This line remains open for both investors and the general public who might seek more information regarding the transition and operational changes.
Frequently Asked Questions
What prompted Octopus Apollo VCT to change its fund manager?
Octopus Apollo VCT decided to transition to a full scope alternative investment fund manager to enhance operational efficiency and align with regulatory standards.
How will these changes affect existing investors?
The changes are designed to be seamless and should not disrupt the services provided to existing investors. Portfolio management by Octopus Investments will continue.
What are the benefits of being a full scope AIFM?
Being a full scope AIFM ensures compliance with stringent regulations, which facilitates better risk management and enhances investor protection.
Where can I find more information about the AIFMD Investor Disclosure Supplement?
The AIFMD Investor Disclosure Supplement will be available at the National Storage Mechanism and also on the company’s official website.
Who can I contact for more details about these changes?
Rachel Peat from Octopus Company Secretarial Services Limited is available for inquiries at +44 (0)80 0316 2067.
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