Training Session

Friday
May 24, 2019
9:00 AM

To

Friday
May 24, 2019
1:00 PM
Where ?
Arendt House
41A, Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg
Luxembourg
Who ?
Speakers
Frank Brülin

Objectives

This training aims at explaining to participants the duties and liabilities of a Luxembourg depositary of a Luxembourg fund in different contexts - AIFMD (including PE/RE funds), UCITS V and other funds (SIF, Sicar, Part II, etc.) – and taking into consideration the funds’ legal form (SICAV, FCP, etc.).

​Following an overview of the applicable rules, a specific focus will be placed on practical and operating aspects with a view to raising the awareness of participants from different backgrounds with respect to best market practices. Certain aspects regarding the content of depositary and sub-custodian agreements will also be discussed.

Content

  • Depositary
    - Legal duties / obligations deriving from AIFMD and CSSF Circular 18/697
    - Legal duties / obligations deriving from UCITS V and CSSF Circular 16/644
  • Impact of upcoming changes introduced by Commission Delegated Regulations 2018/1618 2018/1619

Duties of a depositary: discussion of the practical role of a depositary:

  • Safekeeping
    - For custodiable assets
    - For other assets, including but not limited to financial derivative instruments, PE and target funds
    - How to organize the delegation of the depositary duties (due diligence on sub-custodians / TA / specialised intermediaries, country risk assessment)
    - Liability issues and protective measures for both custodiable assets and other assets
  • Cash monitoring (incl. funds holding accounts with entities other than the depositary)
  • Oversight duties

Speaker

Dr. Frank Brülin (Counsel, 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 or legal matters within UCITS and AIF and / or their management companies.

Duration

4 hours.

Language

English

Price

€480

 

For any information, please contact us by e-mail institute@arendt.com

Related Content

Dr. Frank Brülin

Dr. Frank Brülin is a Counsel in the Investment Management practice of Arendt & Medernach. He specialises in work for regulated investment funds, advising clients on the regulatory, corporate and organisational aspects of the structuring and creation of investment funds, investment companies and management companies. He focuses on Undertakings for Collective Investment in Transferable Securities (UCITS) and alternative investment funds and their managers under the Alternative Investment Fund Managers Directive (AIFMD). He also advises depositaries, fund administrators and other service providers of UCITS and AIFs on regulatory aspects. Since 2011 he has been a member of the Düsseldorf Bar (G...

Discover the Author

Arendt & Medernach SA

41A, Avenue JF Kennedy L-2082 Luxembourg info@arendt.com

T (352) 40 78 78 1
F (352) 40 78 04

Session Registration

All fields marked with * are required

enhance
your
experience
unfortunately, you can not personnalize your browsing on this page

Would you like to configure your browsing experience at arendt.com?

Let us know your profile and favourite topics

You are

Banking and Financial Services

Fund Industry

Private Sector

Private Wealth

Public Sector