The level 2 measures of the UCITS Depositary regime have been recently published and level 1 will come into force on 18 March 2016. We are entering the finishing straight and now is the time to get prepared.
Today, on 3 February 2016 in the Arendt House Auditorium, we will host a UCITS Depositary Seminar intended to provide you with a fresh view on the readiness of the market and discuss how best to prepare yourselves. The finishing line is rapidly approaching and the idea is to take stock of the present situation.
For this assessment, we will adopt two different perspectives:
- Our legal point of view on difficult questions which are still outstanding such as: Central Securities Depository (CSD) & segregation, independent requirements and the reuse of assets. We will discuss and try to find solutions to overcome these difficulties through an exchange of best practices.
- The market’s perspective on the new UCITS depositary regime. A live survey will be conducted amongst the attendees and will be discussed directly on stage by our legal experts (Arendt & Medernach) and guests from depositary banks: Chris Edge (Managing Director of HSBC Securities and Fund Services business in Luxembourg) and Véronique Cridel (Head of Depositary Bank & Operations at BSI Europe SA), with the input of our regulatory consultants (Arendt Regulatory & Consulting).
This interactive seminar is a unique live opportunity to explore, compare and understand how ready the industry is now and what you still need to do to comply. Attendees will receive the report after the event.
Should you require more information, please do not hesitate to contact one of the panelists or their team: Isabelle Lebbe,Gaëlle Schneider.