The circular 22/811 issued by the CSSF clarifies the activity of fund administrators replacing chapter D of circular IML 91/75. It specifies the rules concerning the central administration of Luxembourg UCIs, taking into consideration the past legislative developments, changes in technology and market evolution with respect to the activity of funds administration.
With the deep collaboration of PwC's experts, the Academy is happy to offer a training focusing on the key requirements and challenges that fund administrators may face in complying with the circular.
Duration: 2h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Objectives
By the end of this course, participants will be able to understand the principles and requirements of the CSSF circular 22/811 on Luxembourg fund administrators.
Content
- Scope of application of the circular
- Eligible entities to act as fund administrators
- Walk through the different obligations of the three fund administration's core functions:
- Accounting and NAV calculation
- Registrar function
- Client communication function
- Organisational and IT requirements
- Delegation models
- Reporting obligations
Target audience
- Directors, conducting officers and senior employees of the compliance function of fund administrators
- Conducting officers and senior employees of the compliance function for management companies and AIFMs
Our lead experts
This training is coordinated by Xavier Balthazar and Frédéric Vonner, Partners at PwC Luxembourg.
Xavier, Partner in charge of Regulatory Advisory, possesses substantial expertise in financial sector and funds’ regulations. He participated to many setups and restructurings of investments funds, management companies and professionals of the financial sector in Luxembourg and abroad. This includes defining their organisational structure, processes and procedures. He also serves as a regulatory compliance expert for depositary banks and fund administrations.
From daily operations to regulatory compliance, Frédéric Vonner, Partner, has been helping local and global asset managers, fund service providers and banks for nearly 20 years to successfully run their businesses. His areas of focus are: UCITS, AIFMD and GDPR regulations, private equity and real estate, organisation setup and review, project management.
