The regulatory framework describing the roles and responsibilities of managing directors and control functions in Luxembourg AIFMs has evolved considerably in the last few years.
On national level, the new CSSF circular 18/698 regarding the authorization and organization of Luxembourg AIFMs strengthens the applicable regulatory requirements. It emphasizes the importance of proper governance and management control in AIFMs.
This course is designed to bring the participants up to speed with the latest governance responsibilities.
At the end of the training, participants will be able to:
Describe the organizational requirements and governance framework applicable to an AIFM
Define the impacts of the new Circular on the key practical tasks which are incumbent to a director, conducting officer and control functions in an AIFM
- Risk management in an AIFM: Role of the risk officer, management committee and board of directors
- Compliance Function in an AIFM: Role of the compliance officer, management committee and board of directors
- Internal Function in an AIFM: Role of the internal auditor, management committee and board of directors
- Control of delegated tasks
- Procedure for approval of new business relationships and new products
- AIFM vs AIF – allocation of roles
Our lead expert
This training is coordinated by Xavier Balthazar, Partner in charge of Regulatory Advisory, from PwC Luxembourg.
Xavier is a Partner in the regulatory practice in PwC Luxembourg, with substantial expertise in financial sector and funds’ regulations.
He participated to many set ups and restructurings of investments funds, management companies and professionals of the financial sector in Luxembourg and abroad, including the definition of their organisation, processes and procedures.
He is also a regulatory compliance expert for depositary banks and fund administrations.
- Conducting officers in AIFMs
- Managing directors in AIFMs
- Control functions in AIFMs
Duration: 3 hours
Number of participants: limited to 20 participants, to ensure a high interactivity during the training