Statement of Responsibility
The Manager
Funds Authorisation, Securities and
Markets Supervision Division,
Central Bank of Ireland
Block D
Iveagh Court
Harcourt Road
Dublin 2.
Re: ACME AIF ICAV (the “ICAV”)
Statement of Responsibility
Dear Sirs,
As at the date hereof the Board of Directors of the ICAV hereby accept responsibility for managing the affairs of the ICAV in accordance with the Instrument of Incorporation of the ICAV and the European Communities (Alternative Investment Fund Managers Directive 2011/61/EU) Regulations 2013, (the “Regulations”). In accordance with the Regulations, the following Directors (the “Designated Persons”) of the ICAV accept responsibility for certain management functions (as detailed below) and associated procedures that reflect each Director's competence and experience:
|
Management Function |
Responsibility/Designated Person |
|
Decision Making |
The Board collectively through the Chairman |
|
Monitoring Compliance |
Mr. A Smith |
|
Risk Management |
Mr. A Smith |
|
Monitoring of investment policy, investment strategies and performance |
Mrs. B. Murphy |
|
Financial control |
Mr. C. Jones |
|
Monitoring of capital |
Ms. D. Kelly |
|
Internal audit |
Ms. D. Kelly |
|
Supervision of delegates |
Mr. C. Jones |
|
Complaints handling |
Mr. A Smith |
|
Accounting policies and procedures |
Ms. D. Kelly |
|
Liquidity management |
Mr. A Smith |
|
Operational risks |
Mr. A Smith |
|
Conflicts of interest |
Ms. D. Kelly |
|
Recordkeeping |
Mrs. B. Murphy |
|
Remuneration |
Mr. C. Jones |
|
AIFMD reporting process |
Mrs. B. Murphy |
It is confirmed that each Designated Person is aware of the policies and procedures put in place by the ICAV for the proper discharge of their duties as outlined above. It is further confirmed that the ICAV will notify the Central Bank or seek its approval, as appropriate, in respect of any changes to this statement involving, inter alia, the appointment and/or resignation of Directors and/or the reallocation of responsibility of the Designated Person.
Yours faithfully,
_______________________________
Chairman
For and on behalf of,
ACME AIF ICAV