Fund

Professional Certificate in Investment Fund Services

Network: 
Summit Finuas Network
Trainer Institute of Bankers School of Professional Finance
Learning Outcomes On successful completion of this programme, candidates will be able to:
• Explain the accounting and valuation aspects of investment funds and their application to investment funds,
• the preparation of the accounting statements of funds and the calculation of the Net Asset Value (NAV );
• Describe the role of the custodian in the investment funds industry;
• Describe the principles, structure, legal requirements and investment strategies of the investment funds vehicles;
• Illustrate how the regulatory bodies impact on fund listings and the differences in domiciling a fund in certain jurisdictions;
• Outline the compliance and taxation requirements of the main non-Irish fund administration jurisdictions.
Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content What is this programme about?
The Professional Certificate in Investment Fund Services is the benchmark qualification for those wishing to build their careers in the funds industry. This three-module, level 7 qualification, is designed for those working in or seeking to work in the investment funds industry. The programme covers material which is directly relevant to candidates’ day to day roles, while also providing a broader view of the industry as a whole.The programme introduces candidates to the fundamental areas of investment funds and illustrates how each area within the industry interacts together. It provides candidates with a detailed knowledge of the legal and regulatory environment in which the industry operates and also describes the role custody, registration and fund accounting play within the industry.

This programme is offered in partnership with the Irish Funds Industry Association (IFIA).

What Learning Supports are available?
• Specifically written comprehensive and user-friendly study manuals
• Access to the online Student Centre (using your password which will be sent to you following registration), including:
• Online learning plan, including module outline and study plan
• Online student handbook
• Online lecture and examination schedule
• Lecture notes and handouts
• Past examination papers
• Secure online access to your examination results and correspondence
• Lecturer contact through an email helpline
• Weekly lectures to be held in Cork, Dublin and Limerick – subject to demand
• Revision weekend, held prior to examinations
• Exam venues in Cork, Dublin, and Limerick – subject to demand

Enrolment and Start Dates Comment Autumn 2013
Duration Evenings, Part time
Course Fee €1,890 for Non Network Members
€1,325 for Network Members
Course Web Page: 
http://www.summitfinuasnetwork.com/courses/professional-certificate-in-investment-fund-services/
Available to Job Seekers: 
Yes
Certified: 
No

Role of the Trustee

Network: 
Summit Finuas Network
Trainer Abacus Consulting
Learning Outcomes Following the programme participants will have:
• An appreciation for the range of functions that an Irish Fund Trustee has responsibility for

• An understanding of how this responsibility is discharged.

Further Enquiries Louise Ryan
e: louise.ryan@ibec.ie
t: 01 605 1546
Course Content Aim And Approach
This module aims to give delegates an insight into the workings and the responsibilities of a Fund Trustee for Irish regulated Fund.

Audience
The programme is intended for anyone who works in the Funds Industry, who wants to know more about the role of an Irish Fund Trustee, particularly those new to the Irish fund industry at any level.

Enrolment and Start Dates Comment Spring 2013
Please email louise.ryan@ibec. ie to register your interest.
Subjects Taught Agenda
• The role of the Trustee in Ireland
• Eligibility Criteria as per UCITS and non-UCITS Notices
• How the trustee is appointed/replaced
• Authorisation process

Responsibilities
• Fiduciary duty of care to unit-holders/share-holders
• For Safe-keeping of the assets of the Fund/scheme
• Relationship with Custodian and sub-Custodian
• Application of income
• Issue and Cancellation of shares/units
• Independence and remuneration of trustee

Reporting
• Relationship with Transfer Agent – reports required
• Relationship with Fund accountant – reports required
• Breaches of limits as per Prospectus
• Re-pricing where appropriate
• Inspection of Complaints Log with investors
• Report to Unit-holders/Shareholders in Periodic Reports
• Minimum Capital Requirement

Meetings with the Regulator
• Frequency
• Responsibilities for reporting errors and breaches

Involvement in In-specie transfers

Role in Risk Management Process

Overview of controls – ensure adequacy
• Ensure measurement is in line with stated practice
• Ensure exposure limits are being monitored effectively and corrective action taken where required

Duration 1/2 Day (9.30 - 12.30)
Course Web Page: 
http://www.summitfinuasnetwork.com/courses/the-role-of-the-trustee/
Available to Job Seekers: 
Yes
Certified: 
No
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