SEC NIGERIA APPLICATION FOR REGULATORY ‘NO OBJECTION’ APPROVAL OF ASSET MANAGEMENT PRODUCTS OFFERINGS MANAGED AS CLIENT PORTFOLIO MANAGEMENT SERVICE, PRIVATE POOLED INVESTMENT PORTFOLIO (Pursuant to the provisions of Part Il Section 13 (h) of the Investment and Securities Act of 2007; Rules on Regulation of Fund Management Products). Instruction 1. This Form is meant for use by all Fund/Portfolio Managers for the grant of a No -objection! approval of Private Funds (Discretionary/Non - Discretionary). ‘The Applicant shall complete this Form, and forward to the Commission through the link discretionaryfundsmanagementapproval@imd.sec.gov.ng: ‘3. The Application shall only be considered by the Commission when itis complete in all aspects. 4. All answers to be provided in the Application Form must be legible, and information which needs to be supplied in more detail may be 8 x given as an attachment. ‘The Application Form must be accompanied with evidence of payment of registrationfiling fee. 8. This Form should be notarized.‘STIAM Money Market Note Commenceme int date: 15 June 2023 To achieve ‘capital preservation and stable Income ‘generation by Investing in highly liquid assets To createan alternate Investment vehicle that caters to Investors on the low-risk spectrum ‘The STIAM money market note “Sam Constantly monitor Gr The Note’ is a €xposures toflnanctal money market institutions, particularly pontotio ‘which those with lower credit seeks to deliver Ftings and spread Steady growth of funds across investors’ wealth Institutions to avoid and. capital concentration risk. Drotection in the Short term by Conduct liquidity tests investing yo" financial financial institutions, especially those with lower credit Instruments for a specified period. ‘The nature of this investment ensures that its subscribers can gain access to better returns by pooling monies together and having thelr funds professionally managed. ratings, to de:ermine thelr capacity to settle obligations on short notice, ‘Treasury bills, Adherence to asset class ‘Commercial papers, mix and other risk and banker's ‘compliance internal ‘acceptance, policies regarding the Promissory notes portfolio. and Fixed deposits from financial Ensure credit rating from Institutions that are financial institutions are not below Im place and meets theInvestment grade (888) froma reputable rating agency To help in the attainment of wealth creation by unlocking ‘opportunities in the financial market To enable Investors to gain access toa professionally managed portfolio that enables them to meet short-term ‘goals and secure their future ‘required investment ‘grade standards before any transaction Is ‘executed with them, ‘Maintaining a stop loss fon each asset class to prevent asset value erosion. Consistent portfolio ‘monitoring vis-8-vis ‘market moverrent and reporting any concerns to managemert for Immediate action, Re-assessment of the health of the portfolio and the additions of new security to It by the ‘management investment committee at regular Intervals to ensure portfolio actions are appropriately scrutinized and the best investment decisions are taken. Continuous evaluation of slobal and domestic macroeconomic environment ta identify adverse events or trends and design appropriate responses ~ proactively (or reactively to forestall its negativeSTIAM Fixed Income Note Commencement dat 2023, June “The Note Is almed at ‘ensuring the long-term growth of, capital that is competitive and sustainableterm and invests in over time. consequence. ‘The STIAM Fixed Employing scenario Income Note “SEN or analysis to quantify the ‘The Note” is a Fixed risk of a certain stress Income note ‘event occurring and its designed to deliver ascendant impact on the Gaolal gains over portfolio as a means 10 medium to ton manage Interest rate risk high-quality local~ ‘currency bond Instruments of various Issuers ranging from sovereign to comporates. SFN Is intended for Investors with a ‘medium risk profile with a long-term Investment horizon and desires to build sustainable wealth that Impacts their lives quality. The Note offers a fixed rate of return over the investment period that Is pre- agreed with the client in tine with thelr liquidity needs and investment ‘objectives to ensure the utmost satisfaction Is. attained fromSTAM Fixed Income Dollar Note Commencement date: 1 June 2023 To create an alternate source of Income that Is stable and delivers viable returns. To exploit the verse potentials of the financial markets for capitals gains Inthe long term Toutilize diversification benefits in the allocation of, capital to extract more value and reduce volatility. The Note Is centered around creating value Iman actively managed product that Is competitive subscribing to this product Funds willbe Utilizing asset Invested in financial aiversifiation to reduce instruments which the — gccurrence of consist of FCN idiosyncratic risk on the bonds state bonds, sortonn, corporate bonds andl mortgage-backed securities to ensure tha an appreciable rate of returns attainable Increased asset exposure to liquid instruments to ‘ensure liquidity risk Is obviated, ‘The STIAM Fixed Income Dollar Note “SFON or The Note” a dollar denominated lnvestment vehicle that invests In ‘quality US Dollarand sustainablefixed-income into the instruments Issued foreseeable by the Nigerian future. Sovereign ‘government and reputable corporate entities with solid financial standing and credit quality ‘operating within the Nigerian economy. ‘The Note Is Intended for Investors with a ‘medium risk profile that seeks to secure thelr earnings in foreign currency and hedge against the devaluation risk of the Nara Toenable The Note offersa Investor —_‘fixed rate of return protection of over the investment earnings —_pertod that is pre~ against local agreed with the currency client inline with devaluation thelr liquidity needs and investment objectives to ensure the utmost satisfaction Is. attained from ‘subscribing to this product. To faciitate Funds will be Investor access invested in Nigeria tothe global Furobonds andfinancial Eurobonds issued by ‘market and Nigerian Corporate benefit from its Entities of high- numerous credit quality, ‘opportunities available and a broad array of securities. Part A2 Investment Product 3 ‘Does any of your investment Products offers thefollowing: i Guaranteed return on Investment ii, Threshold of investment return linked to a specified benchmark Please state whether Yes or No. answer to 1 above is Yes, please describe how return ‘bjectve is achieved, Performance benchmarks and risk management strategies in respect of @) and (i) Pooled Fund Product: Does the Company offer any Structured Pooled Fund product managed in House and offered to Clients. IW answer to 3 above is Yes, please provide details (Ito x L = | Na 1. Name of the Fund/Pooled Product: e.g N/A ll. Objective of the Fund/Pooled Product WA i, Commencement Date: (month and year) N/A a65. |v) Total number of investors in the Fund (show breakdown into Retail investors, Hs Institutional, Corporates) (state if proper customer due diligence and KVC procedures In linewith AML/CFT provisions as spectied in the Commission Rules have been ‘complied with for customer on-boarding) v. Net Asset Value of the Fund for each year from commencement ill date N/ A ‘Specify the Fund/Product have designated account wich investors use for the Purpose of subscription: ‘wi Account details - Provide Bank name: N / A ‘vil Detail process for Client subscription into, and redemption from the Fund 1. (Confirm if Client service agreements have been executed prior to clients’ assets management if yes, atach prototype of agreement N [A What is valuation methodology on the Fund and Frequency of Valuation Nf A ‘Loan Portfolio. Does your investment activities /Portfalio ves, No include Credit Loan Portfolic?- comprising loans given ‘out to Clients, members ofthe public, small businesses, No Others (specify) ete. | Please state whether Yes or No. 1. [Types of loans, Ifthe answer to 4 Is Yes, please provide details NL li. Weighted average maturity; ‘a li, Average return on the loans we y. Percentage of delinquent ioans value to total Loan portfolio value: N/A. ¥. Total Loan value size to Total Liability from Clients investment funds: N/A. vi. Risk Management Strategies in place: N/Aves No activities portfolio include investment In Unquoted Equities. Please state whether Yes or No, No 7 Wthe answer to 6 above is Yes, please provide details Please Provision of attached Schedule (Schedule on Unquoted Investment Holdings) shawing list/details on Unquoted equity investment holdings viz: Name of wa, ‘Company, Shareholding and value (valuation using IFRS ‘9 Standards). Percentage average weight value of Unquoted Equities holdings to Total Value Cf Investment Portfolio Financial Assets) of the firm . li Percentage weight of Unquoted Investments tradeable on NASD to total ‘Unquoted equity investment holdings of firm's portfolio, almanac Tae eas ae GeO" tt oa ee, eS cme meteors iors, Meg on an Properties, Real | related venture lied venture Hi, Logis jtransporation Services Leaitis Na NIA NIA NA anes hear Investment NA NA NA NA PARTB Portfolio Management Servicesiv. Placement ~ With Related Party = Others (provide details) v. Others (please provide details) 3, Pooled Investment Fund Products: i. SEC Authorized Funds ii, Privately Structured dn hhouse) Fund 4, Fixed Income Securities i. Supranational Bonds H.Federal Government Bond ii State Government Bond iv. Corporate Bond ¥. Others (Sukuk, eto) 5, Investment in EquitiesLIABILITIES (Current) T U1, | Funds from Clients (Deposit for Investments) PARTC OTHER INFORMATION ‘A, Trustee services 41. Are Trustee services to be used in = ‘managing the product(s) ? No 2. If your answer to the above Is ‘Yes’, please i Provide the name and registered office = address of the Trustee.Custodial Services Are there any provisions on the use of Custodian? If your answer to the above is ‘Yes', please provide the name and registered office address of the Custodian. Income Distribution 1. Do you have a policy on distribution of income to unithotders? 2. Ifyour answer is “Yes', please state detai Marketing of Products How do potential investors become aware of the | Product? (information Memorandum, marketing Flyers, ete). | inay sth evince Yes YES, UBA CUSTODIAN SERVICES 57 Marina Street LagosDeciaration ‘a. We hereby declare and certify that the information provided in this Form is complete and true in all aspects, 'b, We further certify that in case of any change in the information provided in the Application Form, we shall immediately notify the Commission. For and behalf of STLASSETS MANAGEMENT LIMITED. (Name of Applicant) Authorised Signatory: Name MOMOHJIMOH RAJ Cale nidl Okoroji Esq. noeary Pubhe 962.2 Fod...a1 Republic Of Nigeria Mar 22, ae cee Sete ge Fintan. 2. chidionorgjenginattisom eens