Merchants Trust PLC Investment Management Arrangements (2099W)
April 21 2021 - 9:25AM
UK Regulatory
TIDMMRCH
RNS Number : 2099W
Merchants Trust PLC
21 April 2021
The Merchants Trust PLC
LEI: 5299008VJFXCUD2EG312
21 April 2021
Investment Management Arrangements
As explained in the Annual Report for the year ended 31 January
2021, Allianz Global Investors GmbH UK Branch ("AllianzGI") is the
company's Alternative Investment Fund Manager ("AIFM") and there is
a management contract between AllianzGI and the company for
investment management, accounting, company secretarial and
administrative services. As a result of the UK leaving the EU on 30
January 2020, and the transition period ending on 31 December 2020,
AllianzGI entered into the UK Temporary Permissions Regime ("TPR").
The TPR requires AllianzGI to seek authorisation from the Financial
Conduct Authority ("FCA") to continue to operate in the UK and
changes to AllianzGI's legal arrangements to ensure compliance with
the UK regulatory regime.
AllianzGI has, therefore, decided that it will form a UK
management company by 30 September 2021 so that it can continue as
a licensed AIFM. The board is assured that there will be no change
to the portfolio management nor to the administration services
provided by AllianzGI and no increase in the management or
administrative expenses of the company.
Enquiries:
Kirsten Salt
Company Secretary
Tel: 020 3246 7513
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