- Orangefield Group is proud to announce that Orangefield Luxembourg has received approval from the Ministry of Finance to provide AIFMD Depositary Services.
- Orangefield (Netherlands) B.V.
Orangefield has also been licensed by the Dutch National Bank to provide AIFMD Depositary Services in the Netherlands. The license for the UK is pending with the FCA.
The new AIFMD directive entered into force on July 22nd 2013 and was implemented with the objective of enhancing investor protection. One of the key measures introduced in the AIFMD is the appointment of an independent third party as the depositary, for which a license is required. The role of the depositary covers cash flow monitoring, asset verification and safekeeping and oversight duties.
“We are delighted to complement our existing service offering with depositary services, offering our clients a one-stop solution,” says Onno Bouwmeister, Managing Director Orangefield Luxembourg. “We have been administering Alternative Investment Funds from Orangefield Luxembourg for many years and feel that this is a natural next step for us. It further demonstrates Orangefield’s commitment to providing services to the alternative fund industry.”