Regulatory & Compliance Advisory Services

In its position as the leading professional services firm in the Luxembourg financial sector, PwC has unique experience of the flexibility and the constraints of that industry and has developed a breadth of knowledge and expertise aimed at helping its clients meet the challenges and exploit the opportunities Luxembourg offers. Recognising that today's environment imposes on players new and exceedingly complicated regulatory requirements, PwC Luxembourg has pooled expert resources into a department (the Regulatory & Compliance Advisory Services Group or "RCAS") dedicated to providing services helping its clients to meet these requirements.

Composed of a mix of auditors, consultants and lawyers, the RCAS team, by leveraging on the accumulated knowledge of our dominant audit practice, is able to provide timely, cost effective and practical assistance to clients facing regulatory and compliance issues. In addition to Luxembourg specific issues, the globalisation of the world economy, the issuance of new financial regulation by the European Union and the increasing cross-border activities led by financial players have generated an "internationalisation" of issues, where it is important to understand how different regulators will treat them: with more than 155 000 people in offices throughout the world and teams dedicated to the financial industry, PwC is uniquely positioned to assist clients in dealing with those issues.

Our RCAS team advises all entities which perform professional activities that are regulated by the Luxembourg commission for the supervision of the financial sector (the "CSSF"). As most businesses and organisations operate on a cross-border basis, we use our global network whenever needed.

Our activities are designed to service both:

• The Asset Management Industry (i.e. funds, management companies, fund service providers and depositary banks),
• The Banking Industry (i.e. banks, investment firms, other professionals of the financial sector and payment service providers).

We provide:

• Advice on best organisational set-up,
• Licensing and incorporation,
• Asset management compliance support (e.g. training & workshops, eligibility analyses of financial indices, complex financial instruments, stock exchanges and sophisticated investment strategies and portfolio investment restrictions compliance services),
• Business transformation (e.g. restructuring, mergers and new licences),
• Change management advisory services (including compliance diagnostics, gap analysis upon regulatory change and implementation of compliant solutions).

Our 30 advisers are committed to helping you successfully transform regulatory constraints into new opportunities and distinctive business standing.