Fund Associations membership
SKAGEN is a member of trade associations in Norway (VFF), Denmark (IFR), Sweden (FBF), the Netherlands (DUFAS), Luxembourg (ALFI), the UK (IA and NCI), Switzerland (SFAMA), Belgium (BEAMA), Germany (BVI) and France (AFG). SKAGEN is also a corporate member of EFAMA.
In their capacity as recognised representatives of the fund management industry, fund associations have an important mission to look after the collective interests of management companies and fund savers alike in all dealings with the public authorities and legislature.
These organisations are a centre of excellence for the development of knowledge and understanding of the industry which helps to maintain and enhance its reputation and standing.
Member since 1995
With its head office located in Stavanger, Norway, SKAGEN Funds has been a member of the Norwegian Mutual Fund Association (VFF) since 1995. We subsequently also joined the Swedish Investment Fund Association (FBF) after Sweden became a home market in 2004.
Today, SKAGEN is authorised to market its funds in Norway, Sweden, Denmark, Finland, Iceland, the Netherlands, Luxembourg, the UK, Switzerland, Belgium, Germany, Ireland and France. In addition to the membership with VFF and FBF, we are currently members of the following associations:
- Federation of Danish Investment Associations (IFR)
- Dutch Fund & Asset Management Association (DUFAS)
- Association of the Luxembourg Fund Industry (ALFI)
- Investment Association (IA) and New City Initiative (NCI) in the UK
- Swiss Funds and Asset Management Association (SFAMA)
- Belgian Asset Managers Association (BEAMA)
- German Investment Funds Association (BVI)
- The French Asset Management Association (AFG)
Membership of such associations is an important mark of quality, indicating that the member company's fund management activities have received authorisation from the Financial Supervisory Authority in both the home and host country.
Active involvement in Europe
Since the scope of action for national legislators is becoming more and more determined at a European level, SKAGEN is also an active member of the European Fund and Assets Management Association (EFAMA).
Its close contacts with the regulatory authority, the government and the legislative body allow EFAMA to contribute to shaping regulation by bringing valuable input when there is need to adapt the regulatory framework, adopt a new European Directive or create a specific regulatory framework for new products or services.
Recognised UCITS funds
All the funds SKAGEN distributes internationally are UCITS funds. Norway is fully compliant with the UCITS Directive and its amendments. The UCITS V Directive (‘UCITS V’) was transposed into Norwegian law on 1 January 2018.
The UCITS V amends the regulatory framework for Undertakings for Collective Investment in Transferable Securities (“UCITS”) to address issues relating to the depositary function, manager remuneration and administrative sanctions.
Influencing the environment - to the benefit of our clients
One important advantage to being a member of fund associations is that it allows us to closely monitor developments in the fund industry and provides us with the opportunity to influence and improve the legal, fiscal and regulatory environment for the investment management industry and to the benefit of our clients.
Moreover, the fund associations promote high standards of ethics, integrity and professionalism throughout the industry by developing codes of conduct, ensuring transparency and good corporate governance as well as supporting efforts to fight money laundering and financial crime.