Responsible Entity Services

One Investment Group operates a number of Responsible Entities. Each of these entities holds an Australian Financial Services Licence and is licensed, pursuant to the Corporations Act, to operate financial services businesses and to act as a Responsible Entity for registered managed investment schemes. The role of the Responsible Entity includes responsibility for compliance with the managed investment scheme constitution and compliance plan, and ongoing satisfaction of legislative and regulatory requirements.

Each registered managed investment scheme is governed by a constitution.  The constitution must be lodged with Australian Securities and Investment Commission.  A compliance plan must also be prepared for each registered scheme which describes the key processes, systems and structures that the Responsible Entity will apply to ensure compliance with the Corporations Act, the scheme’s constitution and financial services laws.  The compliance plan is required to be audited annually and the audit report is lodged with the Australian Securities and Investments Commission.

When acting as a Responsible Entity for hire, One Investment Group’s services can include:

• Scheme registration
• Production of offer documents
• Designing compliance plans
• Monitoring of compliance with the Corporations Act, PDS, constitution and compliance plan
• Liaison with ASIC
• Oversight of investment decisions
• Managing adherence to legislative and regulatory requirements
• Custody services
• Appointment and monitoring of external service providers
• Back-office solutions (in-house or outsourced), including:
  • Scheme administration
  • Fund accounting
  • Unit registry
  • Portfolio valuation
  • Unitholder reporting
• Complaints monitoring and resolution

A Responsible Entity’s role is similar to that of a Trustee, however they have additional obligations and responsibilities.

One Investment Group is well-positioned to assist asset managers looking for a qualified and experienced Responsible Entity for hire.

As well as acting as a Responsible Entity for hire for registered schemes, One Investment can also offer its trustee services for unregistered schemes.