Presentation of the Luxembourg regulatory framework applicable to Support PSF and specialised PSF

With 279 entities and almost 16,000 employees, the Luxembourg PFSs play a key role in the Luxembourg Financial Sector. These Luxembourg statuses have grown rapidly over the last decade and have supported the growth of the Luxembourg financial sector.

These entities are directly supervised by the CSSF and are subject to specific corporate and prudential rules and obligations, comparable to those applicable to the Banks and Investment Firms.

This training gives you an overview of the Luxembourg regulatory framework applicable to Support and specialised PFS, including the main obligations and rules to which they are bound.

31 May 2021 (ENG) - 10am-12pm

6 July 2021 (ENG) - 10am-12pm

Price: 300.00 €

Duration: 2h

Language: English, also available in French

Number of participants: 15

Objectives

Our training is focused on:

Explaining the main characteristics of the two following PFS Status: Support PFS and specialised PFS;
Describing the main laws and CSSF Circulars applicable to Support and specialised PFSs;
Detailing the main prudential requirements applicable to Support and specialised PFSs;
Describing the internal governance requirements and organization (internal control functions, allocation of tasks between the Board and the authorised management, etc.);
Giving an overview of the AML requirements applicable to Support PFS and specialised PFS;
Sharing Market practices about regulator expectations.

By the end of this training, the participants will be able to:

Understand the specificities of the Support and Specialized PFSs;
Understand how the CSSF exercises its prudential supervision;
Identify the regulation applicable to Support and Specialized and the main impacts on their organisation;
Understand the internal governance mechanisms;
Know the Luxembourg standards and market practices.

Content

Presentation of the Support PFS status and the specialised PFS status;
Presentation of the regulatory framework applicable to Support PFS and/or to specialised PFS;
Presentation of the main prudential requirements;
Presentation of the outcomes of the CSSF on-site visits and discussion on the regulator's expectations.