As UCITS IV is now in an operational mode and AIFMD reaching level II; the whole fund universe is properly framed and fund jurisdictions and fund houses are now competing in a new and more transparent environment. AIFMD offers an opportunity to create a brand similar to the UCITS that will offer passporting opportunities across Europe. Both directives have been designed with the aim to ensure a better environment to investor’s protection and stress on governance issues¸ delegation duties and responsibilities¸ risk management oversight and last but not least strict liability on depositary function already set in AIFMD and to be finalise for UCITS through UCITS V.
The interplay amongst both directives and the needs for fund houses to offer both types of product on a Pan?european basis implies to coordinate the oversight of UCITS and AIF in a same structure as the requirements are almost similar therefore the set?up of a dual ManCo is certainly worth exploring going forward and at a time where fund houses are implementing UCITS IV. A UCITS IV compliant ManCo will therefore be in a good position to obtain AIFM authorization and will drive economies of scale to provide management services through out the EU. We are convinced of the timeliness of this conference to assess the strategic steps to the set?up of a highly effective framework to offer scalable fund services to the entire European fund range. This is a great opportunity for the Luxembourg fund industry to innovate and leap frog on EU fund regulations.
Conference key highlights
- Key Comparison amongst SIAG & ManCo Models
- Implications of the Interplay UCITS IV / AIFMD
- Operational Issues ? Risk Management Oversight
- Dual ManCo ? Substance & Governance Issues
- Business Case to the Set?up of a Dual ManCo
- Fund Structuring of UCITS and AIF Fund Ranges including UCITS/AIFMD Passporting
Who should attend?
Fund Promoters – Asset Managers
ManCo Board Members – Conducting Officers
Heads of Fund Legal & Structuring
Heads of Risk Management
Heads of Fund Compliance