Depositary Rules For UCITS And AIFs In Luxembourg (April 2023)

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

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This training aims at explaining to participants the duties and liabilities, both from a legal and regulatory perspective, of a Luxembourg depositary of investment funds in different contexts...

Luxembourg

A COMPILATION OF COMPREHSESSIONSENSIVE LEARNING SOLUTIONS, CUSTOMISED TRAINING SESSIONS, SPECIALISED WORKSHOPS AND COACHING

Training Session

TUESDAY

Apr 25, 2023

9:00 AM

TUESDAY

Apr 25, 2023

3:00 PM

WHERE?

Arendt House
41 Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg

WHO?

speakers

Nicola Losito
Pascal Sonnen

Book_

Objectives

This training aims at explaining to participants the duties and liabilities, both from a legal and regulatory perspective, of a Luxembourg depositary of investment funds in different contexts - AIFMD and UCITS V – and taking into consideration the specificities of different Luxembourg fund vehicles (SIF, Sicar, Part II, etc.).

Participants will be provided with a detailed overview of the applicable rules. Whenever possible, practical and operating aspects will be discussed with a view to raising the awareness of participants from different backgrounds with respect to best market practices.

Content

Depositary legal framework

Legal duties/obligations deriving from AIFMD and CSSF Circular 18/697, including changes introduced by Commission Delegated Regulations 2018/1618
Legal duties/obligations deriving from UCITS V and CSSF Circular 16/644, including changes introduced by Commission Delegated Regulations 2018/1619
Latest legal and regulatory updates

Governance and duties of a depositary

Appointment and role of the depositary
Organisation of a depositary, including information flow and escalation
Liability regimes

Duties of the depositary:
- Safekeeping of assets (i.e. assets held in custody vs. other assets such as financial derivative instruments, PE and target funds)
- Delegation of depositary duties and look-through aspects
- Cash monitoring and controls
- Oversight duties and controls

Speakers

Nicola Losito (Director, Arendt Regulatory & Consulting)

Pascal Sonnen (Associate, Investment Management, Arendt & Medernach)

Target Group

Professionals in charge of business, legal and operational matters inherent to depositary activities or professionals in charge of investment support, investment structuring or legal matters within UCITS and AIF and / or their management companies.

Duration

6 hours (including a lunch break)

Language

English

Price

900€

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