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.
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").
Define and build a three year business plan based on your assumptions.
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.
Draft or review your draft procedures set to ensure compliance with Luxembourg laws and regulations.
Select from middle to top management positions including Conducting Officers, Risk Manager, Compliance Manager, Sales, etc., through a combination of the following channels:
PwC has access to a continuously updated database of profiles in varied areas such as Finance, Risk Management, HR, Accounting, Compliance, including Independent Administrators.
Manage the project (coordinate the project with you and all PwC teams): establish timeline with milestones, organise meetings, document the project.