Custodian bank and Central Administration responsibility
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Custodian bank and Central Administration responsibility

courseType Technical Skills, Financial Sector

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The constant evolution and the increasing requirements for control and supervision of portfolio companies demonstrated the need for a good understanding of the roles and responsibilities of the custodian bank and central administration. Implementation of efficient and strong procedures to meet the regulatory requirements is currently a key topic in the private equity business.
In this context, PwC's Academy is pleased to offer this dedicated training workshop designed to provide Luxembourg professionals with a comprehensive overview of the responsibility of the custodian bank and central administration for private equity funds as well as an overview of the best practices to implement adequate procedures.


At the end of the training course, participants will be able to:
  • define the responsibility of the custodian bank and central administration
  • identify and implement adequate, efficient and strong procedures to meet the regulatory requirements
  • describe the impact of the new AIFMD


Section I – Responsibilities of the custodian bank and central administration
Section II – AIFMD impacts
Section III – Supervision of investment and divestment transactions
  • Key phases of a transaction
  • Key terms of a Share Purchase Agreement
  • Accounting impacts
Section IV – Supervision of assets
  • Investment in operating companies
  • Investment in underlying Private Equity Funds
  • Specificities of mezzanine debt instruments
Section V – Practical examples

Target audience

  • Head of administration, accounting & finance department and their teams
  • Head of Custodian department
  • Regulatory and compliance officer
  • Internal and external auditors


This training is coordinated by Xavier Batlhazar and Johan Blaise, respectively Regulatory partner and Audit partner at PwC Luxembourg. It will be presented by partners, directors and managers who are specialised in the Private Equity industry.


Xavier is a partner in the Regulatory and Compliance Advisory Services
practice of PwC Luxembourg office and is a subject matter expert in
financial sector and investment funds regulations;
Xavier has a high expertise of regulatory requirements applicable to regulated entities in Luxembourg and Europe; he has been working in the investment fund sector for 15 years;
Relevant recent experience:
Creation and ongoing legal administration of a number of funds; licensing of funds management companies and professionals of the financial sector;
Strategic review of group organisation;
Monitoring of new regulations and impact assessment for asset managers and securities services.



Johan is acting as a partner in the Audit department. Since joining PwC in 1999, he has gained experience in both medium side and international assignments. In particular, he has developed strong skills in auditing investment funds (including hedge funds), with a large focus on the private equity industry. He is actively supporting the PwC Luxembourg Private Equity Group.
He is currently focussed on private equity through the audit of several private equity structures organized under various type of companies (SICAR, SIF, Part II funds, holding) as well as through the review of the valuation of the funds participations (review of the fair market value using different valuation methods, application of the EVCA guidelines, etc.).



Number of participants

Limited to 20 participants to ensure good interactivity.


0.5 day

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