Luxembourg today (at the end of January 2018) boasts 319 Mancos, of which 68 are Chapter 15 UCITS Mancos, 108 are AIFMs, 95 have both statuses (so-called dual Mancos) and 48 are a combination of simple and dual Mancos which have chosen to adopt in addition a MiFID license, as foreseen by Article 101 (3) of the UCITS law of 2010 and Article 5 (4) of the Law of 2013 on AIFMs. For the latter more than any other management companies, the MiFID monster is here again to scare the compliance staff.

Odile Renner, Partner at Arendt Regulatory & Consulting, reviews the challenges of Compliance Officers working for management companies with an extended MiFID license and presents its online compliance tool, CAROL, in the Paperjam newsletter of 23 February 2018.

Read the full article by clicking on the document below.

Contacts

Odile Renner

Odile Renner is a Partner at Arendt and heads Arendt Regulatory & Consulting. She worked as an attorney in the general corporate and M&A practice of a US law firm in Paris from 1991 to 1997. In 1998, Odile joined PricewaterhouseCoopers Luxembourg and created its “Regulatory Compliance Advisory Services”, where she became Partner in 2002. In this function, she advised and assisted international clients active in the financial sector in the set-up and functioning of their Luxembourg products and management companies. After leaving PricewaterhouseCoopers in 2012, Odile joined Arendt to create and develop a service offering complementary to that of the law firm Arendt & Medernach within a newly ...

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