News
CRUX Asset Management Limited change of ACD
CRUX Asset Management Limited (“CRUX”) change of ACD from FundRock Partners Limited (“FPL”) to Thesis Unit Trust Management Limited (“TUTMAN”)
The existing authorised corporate director ("ACD") of the CRUX funds, FPL is retiring and will be replaced by Tutman on 28th September 2019 resulting in some changes applicable to the following funds:
GBP ISINs:
GB00BYQJX104
GB00BYQJX435
GB00BYQJXM18
GB00BYQJXV09
GB0030613276
GB00B56N2X45
GB00B05MF837
GB00B5839S67
GB00BF5LQ488
GB00BTJRPV05
GB00BTJRPW12
GB00BTJRPZ43
GB00BTJRQ064
GB00BG5Q5X24
GB00BG5Q5Y31
GB00BG5Q5Z48
GB00BG5Q5V00
EUR ISINs:
GB00BYQJXG57
GB00BYQJXH64
GB00BG5Q6065
GB00BTJRPX29
GB00BTJRQ171
In line with this change of ACD, we are communicating changes that will apply to existing holdings.
The account numbers held for your CRUX fund range will stay the same within the TUTMAN environment from 30th September 2019. Any agent codes applied on accounts that hold Crux funds will also stay the same within the new environment.
Distributor Online Reporting
For accounts that you wish to be linked to Distributor Online Reporting, we will require new linking forms submitted to us alongside letters of authority. For forms that are provided to us prior to Friday 28th September 2019 we will link the accounts in readiness for the live date. Any forms provided to us after this date will need to be submitted via our Distributor Online Reporting (DOLR) Team.
Automated Dealing
EMX:
Dealing will be suspended from 12pm on Friday 27th September 2019 for all the above listed CRUX funds. The restrictions will apply to all the below FPL EMX hubs:
IFDS: GBP Funds
FUPA1: EUR Funds
Please be aware any trading submitted after the 12pm VP on Friday 27th September will be rejected until the funds are re-opened from 9am on Monday 30th September 2019 under TUTMAN:
GBP EMX participant ID: TUNIT
Product code for Crux OEIC: 000127
EUR EMX participant ID: THUIT
Product code for Crux OEIC: 000126
Calastone:
From 12pm on 27th September 2019 the above mentioned funds will be suspended from trading. Please be aware any trading submitted after the 12pm on 27th September will be rejected until the funds are re-opened at 9am on Monday 30th September 2019 under TUTMAN.
Electronic Re-Reg:
We will be restricting Electronic Plan and ISA transfers (TeX transfers) for the CRUX funds. The last traded valuation point will be 20th September 2019 and the service will be re-enabled from 9am on Monday 30th September 2019 under TUTMAN. If you have any urgent transfers to be completed during this time please submit these by post to the administration address which can be found on www.dstdistributorportal.com
New Company Name: Thesis Asset Management (Crux)
Brand: Crux
Business Entity BIC (BIC11): ALUSGB21CRU
SWIFT DN: ou=cru,ou=atgfunds2,o=alusgb2l,o=swift
Manual Dealing and Settlement
Manual Dealing:
Please refrain from any manual dealing after 12pm on 27th September 2019 and submit them from 9am on Monday 30th September 2019 instead. Any trades submitted after 12pm on Friday 27th September will be rejected due to the legal entity change of the ACD.
Settlement:
We will be closing CREST Settlement for the GBP CRUX funds prior to the transition. The last traded valuation point will be 12pm on Monday 23rd September 2019. No CREST settlement will then take place following this time until CREST is re-enabled at 9am on Monday 30th September. Any trades placed after 12pm on Monday 23rd September to 12pm on Friday 27th September will need to be settled manually. We have contacted CREST users directly in line with this change.
CREST settlement will be re-opened on 30th September 2019 under the following ID:
Registrar Participant ID:
1TUAJ
Sponsored Product Provider Participant ID:
R098
Please ensure you have made all relevant internal parties aware of these changes and updates are made in line with the dates above.
For updated contact details, bank details and forms please refer to the below link on the live date 30th September 2019: https://www.dstdistributorportal.com/thesis