ManCo or AIFM Set-up/Licensing

Set-up process - Focus on the licensing procedure

Applicants that wish to incorporate a Luxembourg UCITS Management Company or a Luxembourg Alternative Investment Fund Manager ("AIFM") have to obtain prior authorisation from the Luxembourg authorities and have to follow a licence application procedure described hereafter.

PwC service offering

Should you intend to set-up a UCITS Management Company or an AIFM in Luxembourg, you would need to apply for an authorisation to be granted by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier ("the CSSF").

In that context, PwC Luxembourg is able to provide you with the following services:

Preparation of the application file

  • Define and assess your project from a regulatory perspective;
  • Introduce you/your project to the Commission de Surveillance du Secteur Financier ("CSSF");
  • Assist you in the preparation of an application file and its formal filing to the Luxembourg financial services regulator until approval.

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Defining a business plan

Define and build a three year business plan based on your assumptions.

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Description of the IT set-up

Draft and review of the description of the IT set-up taking into account the specific Luxembourg requirements relating to outsourcing to third party or related party service providers.

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Drafting of the procedures

Draft or review your draft procedures set to ensure compliance with Luxembourg laws and regulations.

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Incorporation of private company in Luxembourg

  • Draft required documentation, including the review of KYC/Identification requirements, drafting of standard articles of incorporation;
  • Coordinate with the notary for the enactment of the incorporation deed;
  • Follow-up of the registration, filing and publication formalities etc.

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Recruitment services

Select from middle to top management positions including Conducting Officers, Risk Manager, Compliance Manager, Sales, etc., through a combination of the following channels:

  • PwC database research;
  • Activation of PwC's network;
  • Advertisement on PwC's website: www.pwc.lu as well as on web job boards.

PwC has access to a continuously updated database of profiles in varied areas such as Finance, Risk Management, HR, Accounting, Compliance, including Independent Administrators.

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Project management

Manage the project (coordinate the project with you and all PwC teams): establish timeline with milestones, organise meetings, document the project.

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Timeline

Contact us

Oliver Weber

Partner, Asset and Wealth Management Leader, PwC Luxembourg

Tel: +352 49 48 48 3175

Olivier Carré

Markets and Strategy Financial Services Leader, PwC Luxembourg

Tel: +352 49 48 48 4174

Bertrand Jaboulay

Management Company Observatory Leader, PwC Luxembourg

Tel: +352 49 48 48 2198

Pierre-Marie Bochereau

Management Company Observatory Coordinator, PwC Luxembourg

Tel: +352 49 48 48 5268

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