PFS curriculum
In Luxembourg's dynamic and highly regulated financial landscape, staying ahead of evolving requirements is a strategic advantage. PwC Academy, in close collaboration with PwC's subject matter experts, has designed a comprehensive training curriculum for the Professionals of the Financial Sector (PFS) - Investment Firms, Specialised PFS and Support PFS - to address their multifaceted challenges and opportunities.
Our programme combines expert-led modules and digital training solutions for an optimal learning experience, covering market trends, the latest regulatory developments, and operational best practices.
Participants will gain actionable insights and practical knowledge essential for business success. Whether you are part of the governance bodies or acting in the first or second line of defence, this curriculum provides the tools and knowledge to enhance your firm’s market & regulatory readiness and operational efficiency.
To address your specific questions and training requirements within the PFS industry, our curriculums are organised by subject area. They feature a suite of modules applicable across all PFS, alongside specialised modules exclusive to either Investment Firms, Specialised PFS or Support PFS.
PFS - Investment firms flyer
Specialised PFS flyer
IT Support PFS flyer
52 complementary building blocks
Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.
- Internal governance
- ESG & Sustainability
- Anti-financial crime
- Operational risks
- Cybersecurity & data protection
- Outsourcing & IT regulation (incl.DORA)
Internal governance
Live format
- Directors roles and responsibilities in Luxembourg (3h) - This module aims to provide a clear, practical understanding of the roles, duties and liabilities applicable to directors in the Luxembourg financial and corporate landscape.
- Market abuse regulation (1h) This module describes the core principles of the Market Abuse Regulation (MAR), and help understand its rules, risks, and sanctions.
ESG & Sustainability
Live format
- Sustainable finance (4h) - This training focuses on the implications of sustainable finance, particularly SFDR, on risk management for financial institutions.
- ESG and sustainable finance for Board members and conducting officers (2h30) - This course is designed specifically for board members and conducting officers to help them understand the role of Environmental, Social, and Governance (ESG) factors, as well as sustainable finance principles, in strategic decision-making.
- Sustainable finance: impact on risk management (2h30) - This course aims to address how ESG factors, climate change, and broader sustainability considerations reshape the risk landscape, affecting both operational and strategic decision-making processes.
- Supply chain risk management (3h) This training provides participants with the insights and strategies necessary to effectively mitigate risks throughout their supply chain networks.
- The data challenge and technological impact of ESG (3h) - This training addresses the complexities and challenges of managing data within the context of ESG reporting.
Anti-financial crime
Digital format
- AML - Follow the money (e-learning) (1h) - This course aims to address how ESG factors, climate change, and broader sustainability considerations reshape the risk landscape, affecting both operational and strategic decision-making processes.
- AML/CTF blended training for boards of directors (investment funds and IFMs) (1h15 + 00h30) - This programme is made of a digital session and a subsequent live session delivered by our most seasoned AML experts.
Live format
- International sanctions and screening (1h) – This module helps participants understand key aspects of transaction monitoring, AML risk coverage requirements, financial crime risk indicators, and regulatory reporting expectations.
- Transactions monitoring (1h) – This module helps participants understand key aspects of transaction monitoring, AML risk coverage requirements, financial crime risk indicators, and regulatory reporting expectations.
- Going beyond AML: fraud, corruption and whistleblowing (2h) – This module teaches participants about predicate offences for money laundering to help protect their organisation from financial loss, penalties, and reputational risk.
Operational risks
Digital format
- Operational risk essentials (e-learning) (1h) - This digital learning helps understand the components of an operational risk framework, identify and assess key organisational risks, and develop a risk and control self-assessment matrix.
- Crisis management (e-learning) (00h45) - This training will provide professionals with the mindset and approach needed to anticipate, prepare for, and respond effectively to crises.
Cybersecurity & data protection
Digital format
- Cybersecurity (e-learning) (1h) - This digital learning programme introduces different types of cyber threats, provides participants with strategies to help prevent cyberattacks, and outlines recommended practices for the workplace.
- GDPR essentials (e-learning) (1h) – This digital module offers an overview of the GDPR regulation, covering key points to support compliance.
- GDPR advanced (e-learning) (1h30) - This digital course ensures that your organisation gains advanced knowledge, enabling compliance with the regulation's requirements.
Live format
- ICT awareness Executive Training Programme - Cybersecurity and risks (3h) - This module empowers participants with a comprehensive framework, vocabulary, and understanding of cyber risks. It instils the confidence needed to take a leadership role in cybersecurity initiatives.
Outsourcing & IT regulation (incl.DORA)
Live format
- IT regulation and IT outsourcing in Luxembourg - What you need to know (4h) - This module provides an introduction to the main IT regulatory requirements applicable to CSSF supervised entities.
- ICT awareness Executive Training Programme - IT regulatory update (3h) - This module offers a high-level overview of key ICT regulations, encompassing their evolution, recent developments, and new regulations like the AI Act.
- Digital Operational Resilience Act (DORA) - Introduction (2h) - This module provides an overview of the main provisions and the differences from the existing Information and Communication Technologies (ICT) regulatory framework.
- DORA - How to manage your third-party service providers? (3h) - This training covers the requirements for third-party services management and outlines considerations when starting new service contracts.
Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.
- Financial markets
- MiFID II
- Internal governance/Capital requirements
- Tax (FATCA/CRS, DAC)
Financial markets
Live format
- Investment funds - Introduction and market data (1h) Investment funds is one of the major industries in Luxembourg. With this training we propose to make a first step into the funds world by detailing some key concepts that can be developed further in other more specific training modules.
- Investment funds - Distribution platforms (1h) - With this training, participants will learn about the fund distribution market and the role of distribution platforms.
MiFID II
Digital format
- MiFID II certification (e-learning) (62h to 69h) - This digital learning solution is structured around 5 thematic pillars for professionals giving investment advice or giving information about investment products, investment services or ancillary services. Depending on the professional population considered, each pillar comprises a set of digital tutorials related to the knowledge and competence criteria.
- MiFID/MIFIR key requirements (e-learning) (1h) – This e-learning supports the regular update of general Knowledge & Competence around MiFID II requirements.
Internal governance/Capital requirements
Live format
- Investment firms' internal governance under CSSF circular 20/758 (2h) - This module will help understand the roles and responsibilities of the board and authorised management, including obligations under CSSF circular 20/758, the functions of key governance bodies and internal controls, and the main regulatory changes introduced by the circular.
- Investment firms - Introduction into the prudential framework under IFR/IFD (1h30) - This module will help understand key internal governance requirements for PFS, including the roles of the management body and authorised managers, the suitability assessments of key individuals, CSSF expectations for sound management, stakeholder interactions, and internal reporting mechanisms.
- Remuneration policy for investment firms (1h) This course provides an in-depth understanding of remuneration governance requirements applicable to PFS in Luxembourg under CSSF Circular 10/437 and related regulatory standards.
Tax (FATCA/CRS, DAC)
Digital format
- DAC6 (e-learning) (1h30) – This digital training covers the technical and operational DAC6 elements supported by real-life examples and concluded by a final quiz.
Live format
- Automatic exchange of information (FATCA and CRS) for 1st line of defence - Basic principles (3h) - This module will provide participants with FATCA and CRS rules, their synergies and differences, and will give an overview of fund statuses, reporting requirements, efficient operating models and related risks.
- FATCA/CRS for the 2nd line of defence: entities classification, due diligence and reporting obligations (3h) This training will offer participants insights into recent regulatory updates, Luxembourg tax authority controls, and will cover FATCA/CRS classifications for funds and investment structures.
- Tax aspects of investors onboarding: DAC6 to DAC8, FATCA/CRS and AML (2h) - This training helps participants navigate through the interactions between DAC6/DAC8, AML, withholding tax and FATCA/CRS, identify the associated risks and streamline the tax compliance documentation.
Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.
- Market products
- Business specific requirements
- Tax (FATCA/CRS, DAC)
- Operational risks
Market products
Live format
- Investment funds - Introduction and market data (1h) Investment funds is one of the major industries in Luxembourg. With this training we propose to make a first step into the funds world by detailing some key concepts that can be developed further in other more specific training modules.
- Introduction to securitisation (3h) – This module covers the full value chain of the securitisation business and outlines its opportunities and challenges within a European context.
- ELTIFs 2.0: legal and operational perspectives (2h) - This training is designed to provide professionals with a comprehensive overview on the updated ELTIF regime.
- Alternative assets valuation curriculum - This training curriculum helps participants understand the challenges associated with the fair valuation assessment of alternative investments/assets.
Business specific requirements
Live format
- Presentation of the Luxembourg regulatory framework applicable to Specialised PFS (3h) - This training offers an overview of the Luxembourg regulatory framework relevant to specialised PFS, covering the principal obligations and rules that apply to these entities.
- Depositary requirements for AIF accounting (2h) - This course aims to answer the questions depositaries face concerning their mandatory professional duties and the ongoing evolution of AIF regulations.
- Focus on the CSSF circular 22/811 requirements for Luxembourg fund administrators (2h) – This module helps understand the principles and requirements of the CSSF circular 22/811 on Luxembourg fund administrators.
- Regulatory reporting - UCITS and AIFs (2h) - This course provides an overview of the main regulatory reporting requirements and outlines the differences in reporting obligations based on fund type and investor profile.
- Investor tax reporting - UCITs and AIFs (2h) - This course provides an overview of key investor tax requirements and helps identify registration and reporting needs based on distribution strategy.
- Duties and formalism in TA standard operations for AIFs (3h30) - This module helps participants understand and perform their transfer agent tasks and responsibilities efficiently, in line with the Luxembourg alternative funds market practices.
- Transfer Agent curriculum - This multilayer training programme is intended for both junior and experienced transfer agency staff, as well as managers and executives, who seek to develop their skills or stay informed about future industry trends.
- Fund accounting curriculum - This multilayer training program is intended for both junior and experienced fund accounting staffs and managers, who seek to develop their skills or stay informed about future funds industry (UCITS or AIFs) trends.
Tax (FATCA/CRS, DAC)
Digital format
- DAC6 (e-learning) (1h30) – This digital training covers the technical and operational DAC6 elements supported by real-life examples and concluded by a final quiz.
Live format
- Automatic exchange of information (FATCA and CRS) for 1st line of defence - Basic principles (3h) - This module will provide participants with FATCA and CRS rules, their synergies and differences, and will give an overview of fund statuses, reporting requirements, efficient operating models and related risks.
- FATCA/CRS for the 2nd line of defence: entities classification, due diligence and reporting obligations (3h) This training will offer participants insights into recent regulatory updates, Luxembourg tax authority controls, and will cover FATCA/CRS classifications for funds and investment structures.
- Tax aspects of investors onboarding: DAC6 to DAC8, FATCA/CRS and AML (2h) - This training helps participants navigate through the interactions between DAC6/DAC8, AML, withholding tax and FATCA/CRS, identify the associated risks and streamline the tax compliance documentation.
Operational risks
Live format
- Operational risks in fund accounting (1h30) – This training aims at helping participants understand and monitor the different risks inherent to the FA operations and processes.
- Operational risks in TA (1h30) - This training aims at helping participants understand and monitor the different risks inherent to the transfer agent operations and processes.
Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.
- Internal governance
- Data protection
- Technical framework
Internal governance
Live format
- Presentation of the Luxembourg regulatory framework applicable to support PFS (3h) - This training gives learners an overview of the Luxembourg regulatory landscape applicable to support PFS, including the main obligations and rules to which they are bound.
- Building internal control in Support PFS (2h) - This training session focuses on establishing and maintaining a robust IT internal control framework for Support PFS entities in Luxembourg.
Data protection
Live format
- NIS 2 - Introduction (2h) - This training session provides a comprehensive overview of the NIS2 Directive (Network and Information Security Directive 2), the EU's updated framework for cybersecurity across critical sectors.
- How to become a cloud officer? (6h) - This training course is designed as an essential step to assist participants in addressing the challenges faced by cloud officers.
- Enabling IT and data leaders to design and operate sound data governance (2h) - This training provides participants with a deep understanding of data governance within organisations and the roles of IT and data leaders.
Technical framework
Live format
- Navigating technical framework - Focus on SWIFT (2h) - This training session provides an in-depth overview of the SWIFT Customer Security Programme (CSP) and the Customer Security Controls Framework (CSCF).
- Navigating technical framework - Focus on PCI-DSS (2h) - This training provides organisations with the knowledge and practical guidance needed to understand, implement, and maintain PCI DSS (Payment Card Industry Data Security Standard) requirements effectively.
Live training courses can also be tailored on demand giving the nature of your services offering (subject to the clearance of independence requirements).
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