A global web-based service offering investment firms 24/7 access to detailed information on fund marketing, separate accounts and beneficial ownership reporting Dechert LLP
World Compass Who We Are World Compass is an online, subscription based resource designed as a tool to assist financial services firms in promoting managed account services and fund products across the globe, navigating complex beneficial ownership reporting regulations and developing appropriate marketing strategies within an evolving, global regulatory environment. World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 2
World Compass Focused on Solutions World Compass provides detailed information on global distribution rules and beneficial ownership reporting requirements that is consistently up to date, available 24/7 and easily accessible. World Compass is a solution for financial services firms and their in-house legal and compliance professionals as they navigate the constantly changing regulatory landscape relating to global offerings of financial products. World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 3
World Compass Coverage Marketing and Compliance information covering: UCITS funds Open-end hedge funds Closed-end private equity funds Closed-end real estate funds Exchange traded funds U.S. mutual funds Infrastructure and debt funds Advisory services through directly managed accounts Advisory services through wrap accounts Beneficial ownership reporting World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 4
Navigating Global Change by Keeping You Current All material is updated quarterly by local counsel A dedicated internal team of paralegals and attorneys actively reviews and updates content Client alerts are distributed to subscribers on a regular basis and archived on the World Compass home page Subscribers can create redlines in World Compass to compare major versions and track recent changes World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 5
World Compass Comprehensive Coverage World Compass is organized into three modules: Rules relating to marketing open-end and closed-end funds Rules relating to marketing managed account services Beneficial ownership reporting rules World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 6
Comprehensive Coverage Funds Approximately 100 jurisdictions covered Succinct information on each jurisdiction s rules relating to marketing open-end and closed-ended funds to investors in that jurisdiction Presented in an easy-to-use tabular format with explanatory notes Information on applicable licensing or broker-dealer requirements Q&A on specific marketing scenarios Sample disclaimers and selling restrictions In-depth coverage of AIFMD requirements World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 7
Comprehensive Coverage Managed Account Services Over 65 jurisdictions covered Concise summary of each covered jurisdiction s rules relating to the ability to provide managed account services to institutional investors Information provided from the perspective of both a U.S. investment adviser registered with the SEC and a UK investment manager authorized by the FCA Information covers the full life cycle of a managed account, including a Q&A on permissible marketing activities and guidance regarding client servicing and other applicable matters Detailed wrap account analysis from a U.S. registered adviser s perspective World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 8
Comprehensive Coverage Beneficial Ownership Reporting Over 50 jurisdictions covered Summarizes each covered jurisdiction s laws on beneficial ownership reporting and provides links to relevant laws and filing forms where applicable Provides guidance on reporting requirements for specified ownership thresholds, aggregation requirements, filing responsibilities and timing Details industry-specific reporting requirements and related filing responsibilities and approvals Highlights the short selling and takeover requirements of each covered jurisdiction World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 9
Flexible and Cost Effective Subscription Options Global Worldwide access Across all modules or one or more of the three modules or bespoke Per-country subscriptions available Tailored by module Contact us to create a subscription package tailored to your situation 2016 10
UCITS and AIF Registration Service Dechert s complementary fund registration service, World Passport, provides: A cost-effective and automated means of registering funds for distribution within the European Union and elsewhere Registration options for UCITS funds and Alternative Investment Funds (AIFs) Web-based interface for an intuitive and straight-forward registration process World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 11
To arrange an in-person or Web-Ex demonstration, please contact your usual Dechert lawyer or a member of the World Compass team: Christopher D. Christian Partner Boston christopher.christian@dechert.com +1 617 728 7173 Gus Black Partner London gus.black@dechert.com +44 20 7184 7380 Nigel Austin Chief Operating Officer London nigel.austin@dechert.com +44 20 7184 7625 Global Fund Distribution Specialist Hannah Cadby London hannah.cadby@dechert.com +44 20 7184 7304 World Compass: A Marketing, Distribution and Compliance Solution for the Global Investment Firm 13
For further information, visit our website at www.dechert.com/world Dechert practices as a limited liability partnership or limited liability company other than in Dublin and Hong Kong.