Transfer Agency Administration and Oversight Quiz 07

Last Updated: June 2024

Table of Contents

Transfer Agency Administration and Oversight
Element 5

– Sub-Registers for Savings Plans and ISAs
On completion, the candidate should:
– know the requirements governing the sub-registers for savings plans and ISAs
– know the rights of holders on sub-registers
– know who has responsibility for sub-registers
– Box Management
On completion, the candidate should:

– understand the concept of box management
– know the differences between sub register dealing and business as usual (BAU) investor

dealing

– Cash Management
On completion, the candidate should:

– know intraday cash management
– know the differences between creation and liquidations vs. subscriptions and

redemptions
– know what is meant by the term ‘cash matching’
– understand the significance of electronic receipts vs. cheque receipts with respect to

various account types including distribution accounts
– understand the procedures for treasury reporting and liquidity management

– Income and Distributions
On completion, the candidate should:
– know the sources of income
– understand the different treatment of income for income and accumulation shares/units
– understand the reinvestment and distribution process including equalisation, rebate

processing and bank account structure
– be able to apply the timetable for distribution of income
– be able to calculate the available income
– know the requirements for calculation of the effective yield
– know the difference between dividend, interest and property income distributions and

the relevant criteria
– know the customary payment processes and their associated requirements for the

following:
• tax vouchers
• BACS/faster payments
• distribution warrants
– know the treatment of unclaimed distributions

– Reporting
On completion, the candidate should:

– understand specific transfer agency reporting requirements:
• statistical
• AML
• regulatory
• shareholders and unitholders
• HMRC
– understand the requirements for incident and breach reporting

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