Fund Services

Private Equity as an Asset Class

As an administrator, we use our experience to help managers and investors alike in understanding the complexities of the private equity space. We understand that not all investors are familiar with this asset class, making it a challenging proposition to investors who are otherwise more accustomed to the liquidity, information flow and timing associated with the public market. We that find our knowledge around effective performance metrics is helpful to new managers and investors navigating the area and have produced a short explainer for those new to the asset class.

Marbury obtains ISAE 3402 Type I Accreditation

Marbury Corporate Advisory Services Limited has successfully obtained the International Standard on Assurance Engagements (ISAE) 3402 Type I Report in respect of the following aspects of its business:

  • information security
  • data management and storage
  • business continuity
  • compliance
  • fund administration
  • cash management and remittance services

ISAE 3402 is a global assurance standard developed by the International Auditing and Assurance Standards Board (IAASB) and involves establishing and independently auditing internal controls and processes within a service organisation. To learn more about ISAE 3402, click here.

Marbury continues to work with the highly-respected audit and accountancy firm, Baker Tilly, to obtain the ISAE 3402 Type II accreditation.

BVI Approved Manager MLRO Requirements

In order to ensure compliance with the BVI’s anti-money laundering regime, Approved Managers are required to appoint a money laundering reporting officer (MLRO) and implement appropriate policies and procedures for adoption on an ongoing basis.

CIMA CIRCULAR: 2023 Internal Audit Plans

Issued to all Licenced Full and Restricted Securities Investment Business Licensees and Registered Persons, dated 3 January 2022 The Cayman Islands Monetary Authority (CIMA) has issued a circular reminding entities to undertake regular internal audits of their controls and infrastructure to ensure that they are suitably robust in consideration of the nature and scale of their operations. Consequently, CIMA requests that all relevant entities registered under the Securities and Business Act (SIBA) – eg investment managers or advisors – provide CIMA with a schedule of the internal audit reviews scheduled for 1 January 2023 through to 31 December 2023. SIBA entities are reminded that CIMA expects to receive any issued internal audit report within three (3) months following the completion of the review. See Marbury Fund Services for details of related services or contact your usual Marbury advisor for more details.