The role of the Fund Administrator is a vital component in the day-to-day operations of an ETF. The driving force behind the team at Commonwealth is the commitment to delivering a high level of service and responsiveness to all clients while effectively providing the essential administration needed to operate an ETF. We possess the experience, resources and tools necessary to remain compliant in a highly regulated industry, actively managing or assisting with the following services:
- Required regulatory filings
- Prospectus compliance and IRS/SEC diversification tests
- Regulatory inspections and financial audits
- Annual regulatory documents updates
- Annual and semi-annual financial statements
- Tax filings
- Board meetings
- Annual budgeting and expense analysis
- Fund invoice approval and bill payments
In addition to CFS’s standard administration services, it provdes the following compliance support functions:
- Perform ongoing fund compliance testing and reporting
- Monitor compliance of third-party service providers
- Maintain fund compliance calendars and manuals
- Provide guidance on regulatory questions and issues
- Consult with CCO and report to Board on compliance matters
- Coordinate and respond to regulatory exams and inquiries by the regulatory agencies
