Artemis Fund Managers Limited has appointed Northern Trust Global Services (Northern Trust) as its Transfer Agent for all UK funds. Northern Trust will replace SS&C as administrator effective from Tuesday 2nd May 2023. Please note Monday 1st May is a UK bank holiday. A list of live UK funds impacted is available here
STP Trading – EMX, CTN & Electronic Re-Registration
Electronic trading via EMX and CTN will be suspended after 12pm on Friday 28th April 2023. Please resubmit from Tuesday 2nd May 2023 to the new administrator with your new account and agent details. These details will be issued by Northern Trust.
Electronic Re-Registration including automated conversions will be suspended from 24th – 28th April 2023 (inclusive). Any electronic transfers or conversions submitted during the above suspension dates will be automatically rejected. Artemis will be changing their electronic re-registration connection details as part of the change of administration; these will be made available on the TeX register and from Northern Trust.
STP Settlement – CTN Net Settlement and CREST
Artemis will no longer support CTN Net Settlement or CREST settlement; contact has been made with CREST users directly.
New contact details with effect 2nd May 2023
There will be a new telephone and fax number live from 2nd May, this will be provided to clients by Northern Trust.
Email: distributorliaison@ntrs.com
Settlement of inflight trades
Settlement proceeds for Sale transactions placed up to valuation point 28th April 2023 should continue to be paid to SS&C. New bank accounts will be opened and should be used for settlement of trades from valuation point 2nd May 2023.
Similarly, repurchase transactions placed up to valuation point 28th April will be paid by SS&C, transactions placed from 2nd May 2023 will be settled by Northern Trust.
Online reporting
Secure Distributor Portal will show deal confirmation reports for trades up to and including the 12pm valuation point on Friday 28 April, any trades for valuation points after this point will not be reported.
Data already available on the Secure Distributor Portal will remain available for 15 months after the report originally produced.
Distributions
There will be a change to the payment date for the Artemis High Income Fund that is due on 5th May 2023, please refer to additional news story for further information here.
SS&C are unable to comment on the operation under the new administrators however, should you have any queries on this communication please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking here .