Services

Regulatory and Compliance Assistance

An essential element to Broadscope’s full-service fund administration offering is assisting our clients in fulfilling their regulatory and compliance responsibilities. Our regulatory and compliance assistance begins with understanding your specific compliance program, developing procedures to support the program, automating data maintenance and reporting routines and assisting with regulatory examinations.

FATCA (Foreign Account Tax Compliance Act):

  • Assist with the development and implementation of a FATCA compliance program, unique to each client’s operating structure
  • Prepare a gap analysis of investor classification documentation
  • Remediate investor documentation gaps
  • Assist with FATCA registration for foreign entities
  • Implement FATCA investor documentation and withholding procedures
  • Implement automated routines to capture and maintain required data and documentation
  • Prepare all required FATCA reports for submission within the FATCA Portal

U.S. Patriot Act:

KYC (Know Your Customer) / CIP (Customer Identification Program)

  • Assist with the development and implementation of KYC and CIP policies and procedures
  • Collect and analyze investor identity documentation
  • Perform PEP (Politically Exposed Person) screenings
  • Perform Enhanced Due Diligence screenings

AML (Anti-Money Laundering)

  • Assist with the development and implementation of internal AML policies and procedures
  • Cross-check new investors against the World Check database, OFAC and other global watch lists
  • Coordinate ongoing screening of investors against watch lists
  • Coordinate responsibilities and procedures with client, external counsel and independent AML service providers

SEC Reporting:

Form ADV

  • Coordinate filing requirements for registered investment advisors with client and external counsel
  • Capture, maintain and provide financial data required for Form ADV
  • Assist with the form ADV filing process

Form PF

  • Coordinate applicable SEC reporting requirements and filing deadlines
  • Implement automated routines to capture and maintain required data
  • Prepare draft of Form PF report for review and approval by client and external counsel
  • Assist with the Form PF filing process
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