What do we do?

Depositary services

Q Securities S.A. is currently the only non-bank depositary on the Polish market for closed-end investment funds. After the implementation of the AIMFD directive in Poland in 2016, we were the only investment firm to launch the depositary service. The first contract was signed in December 2016 and we have obtained 150 funds over the last 3 years.

Our clients have the highest quality of service and professional cooperation guaranteed. We have been trusted by several Investment Fund Companies with which we actively cooperate.

The Company’s business model is based on a predictable and recurring revenue component based on stable cash flows resulting from a fixed monthly fee for depositary services as well as variable components depending on additional services provided for funds.

150

investment funds that we provide services for as AIF depositary

60 billion

PLN assets under custody

990 mln

PLN invested in funds (as a distributor)

Do you have any questions?

Contact us

What makes us stand out?

  • Individual approach – due to the specific nature of non-public financial instruments, we approach each project and client individually. We understand that every business needs a special approach to cooperate effectively,
  • Qualified Staff – we have qualified employees at all levels of the company. Brokers, investment advisers, lawyers and accountants. Q Securities employs over 35 people. 18 employees are dedicated to the depositary’s activities. The team is in constant cooperation with the legal team at MWW legal office.

In accordance with Polish Act on Investment Funds and Alternative Investments Funds’ Management (Art. 71 (6)), Q Securities S.A. is entitled to performing the depositary function for closed-end investment funds and provides comprehensive services in safekeeping assets for this type of funds. Our duties include:

  • safe-keeping of investment fund assets,
  • maintaining register of all of the fund assets,
  • ensuring that all cash of the investment fund is booked in cash accounts opened with entities entitled to keeping such accounts in compliance with Polish regulations or requirements included in UE regulations or equivalent requirements,
  • ensuring effective and proper monitoring of AIF’s cash-flows,
  • ensuring that issuance and redemption of investment fund’s certificates is carried out in accordance with applicable legal regulations and the investment fund’s statute,
  • ensuring that settlement of agreements concerning investment fund’s assets is performed without undue delay and controlling that settlement of agreements with fund participants is timely,
  • ensuring that the NAV and NAV per certificate are calculated in accordance with legal regulations and the investment fund’s statute,
  • ensuring that investment fund’s income is used in accordance with legal regulations and an investment fund statute,
  • carrying out investment fund requests unless they conflict with legal regulations or the investment fund’s statute,
  • veryfing that investment fund activities are compliant with legal regulations concerning investment fund activities or with the statute beyond the aspects mentioned above and bearing participants’ interest in mind,