Finesti and fundinfo have announced that they are combining their respective expertise in investment fund data and documents to offer services intended to facilitate cross-border notifications and the dissemination of Key Investor Information Documents (KIIDs).
These services are based on fundinfo's dissemination networks to fund distributors and on Finesti's network connections to regulators. The two companies will offer integrated solutions and packages to all fund groups and fund promoters who need to fulfil the requirements of the UCITS IV directive.
Fundinfo and Finesti have combined their forces with the objective of streamlining registration and distribution on a pan-European basis. Fundinfo's clients will be offered the use of the Finesti's e-file.lu, and Finesti's clients will offered the use of fundinfo's dissemination services and access to its distribution network. Finesti & fundinfo will also offer additional document dissemination services outside of their distribution networks.
Commenting on the new service, Jan Giller, Partner and Head Marketing & Sales of fundinfo, said, "We are delighted to organize such cooperation with Finesti, also, with the new service, fundinfo has extended its comprehensive fund document dissemination services and therefore is strengthening its position as leading hub for original fund documents in Europe and Asia."
Finesti has had an operational service for cross-border notifications since July 2011, through a module of its e-file.lu platform. This is currently used by Luxembourg funds for regulatory and statistical reporting to the authorities. Finesti has stated that it is in the process of broadening the use of this platform to all EU regulators. According to the company, substantial numbers of promoters in Europe use this platform as part of their cross-border fund registration services to submit the initial notification file to the Luxembourg supervisor, the CSSF, and all updated documents to other European regulatory authorities.
Finesti's CEO, Dominique Valschaerts said: "We are very pleased by this new collaboration with fundinfo. Our collective expertise will strengthen fund notification and extend our distribution services through a common approach and robust processes."