We pride ourselves on being the leading professional services firm in the Middle East for providing Fund Administrator Services. This position is maintained by surpassing our clients’ high expectations. KEYPOINT can assist in the establishing of a fund company, tailor-made to suit your organisation’s specific objectives. Once established, KEYPOINT is able to provide full Administrator and Registrar services for the company.

Our clients not only benefit from our highly qualified staff but also our specialised fund accounting system, MFACT.

Facts About MFACT, a State of the Art Fund Accounting System

MFACT is the smart choice for fund accounting. KEYPOINT uses MFACT technologies to meet investment management, portfolio accounting, daily NAV calculation, complex securities and foreign exchange accounting requirements.

Important facts about MFACT include:

• Fully integrated general ledger;
• Regulatory & compliance reporting;
• Multi currency, Multi class fund manager;
• Automated interfaces & data extracts;
• Batch & customised  reporting; and
• A product of GIS, Ireland

What We Can Do For You

KEYPOINT offers tailored fund administration solutions, designed to enable fund managers and investors to focus on the important business of investing, at a fraction of the cost of managing staff and technology in-house.

Our dedicated team of professionals specialise in providing advice to promoters and investment managers on the structuring, establishment and operation of all forms of investment funds, including hedge funds, mutual funds, fund of funds, private equity funds, property funds and the listing of such funds on the Bahrain Stock Exchange.

Our fund administration services include:

Statutory Services to Setup Collective Investment Schemes

 Assistance to obtain the Central Bank of Bahrain approval

• Obtaining the approval for the main structure and features of the proposed investment scheme and the Fund
• Obtaining the approval for the proposed structure of the entity issuing the investment scheme and the Fund
• Preparation and submission of all documents required for incorporation of the investment scheme and the Fund
• Liaise with regulatory authorities to obtain their “No Objection”

Special Purpose Vehicle ("SPV") formation

• Advising on legal structure, requirements for formation, and carrying out all the required formalities and procedures to facilitate the registration of the proposed entity with the regulatory authorities
• Preparing the draft Memorandum and Articles of Association of the proposed SPV
• Liaising with the regulatory authorities to obtain their approval for the applications and incorporation of the proposed SPV
• Arranging for the signatures, notarisation and attestation of the required documents
• Obtaining the Commercial Registration ("CR") certificate

Acting As The Representatives Of The Fund Company

• Providing office space for the Registered Office of the Fund Company
• Maintaining all statutory books and records of the Fund including maintenance of the Board's Minute book
• Arranging and organising Board and Shareholder meetings, including Annual General Assemblies

Fund Administrator Services

• Calculating the Net Asset Value (the “NAV”) of the Fund
• Maintaining the books of account of the Fund as required by the regulators
• Liaising with Auditors for preparation of reports and audited accounts of the Fund
• Reconciling securities and cash held by the Fund
• Liaising with Custodians for proper administration of the cash and securities of the Fund
• Coordinating with the Investment Manager and with the Country Manager (if any) in valuation of the investment portfolio of the Fund
• Ensuring timely payments of the Fund's fees and expenses
• Liaising with the Registrar for proper administration of the unit holder records
• Preparing performance reports for Distributors in their marketing efforts
• Ensuring timely communication to all unit holders
• Ensuring meetings of the Fund's unit holders are convened on time
• Preparing and filing reports for regulators in a timely manner

Registrar Services

• Maintaining the register of all the unit holders of the Fund
• Handling subscription and redemption requests from unit holders
• Issuing unit certificates to the unit holders
• Arranging for the unit holders and for the Auditors to receive such certificates, cheques, notices, reports as may be required by the PPM / Prospectus or regulations governing the Fund
• Undertaking unit reconciliations for the Fund
• Processing dividend payments and reinvestment of units for the Fund
• Accepting certificates tendered for replacement or transfer by the holders thereof
• Maintaining a copy of each such certificate and deliver the original to the Custodian
• Corresponding in relation to the replacement or transfer of units of the Fund
• Arranging for the unit holders and for the Auditors to receive such certificates, cheques, notices, reports, financial statements, etc.