Training Session

Thursday
Sep 22, 2022
9:00 AM

To

Thursday
Sep 22, 2022
12:00 PM
Where ?
Arendt House
41 Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg

Objectives

The objectives are to: (i) provide participants with an overview of the legal and regulatory framework applicable to UCITS with regard to eligible asset classes; as well as (ii) details related to the CSSF administrative practice for specific instruments (including disclosure requirements and specific CSSF expectations).

Content

1. Transferable securities

  • Explanation of the conditions applicable to the qualification of a financial instrument as a “transferable security”
  • Additional conditions applicable to the eligibility of transferable securities under article 41(1) of the law of 17 December 2010 relating to undertakings for collective investment (the “2010 Law”)
  • The concept of the so-called “thrash ratio” under article 41(2) of the 2010 Law
  • Case study related to transferable securities and their eligibility for UCITS

 

2. Money market instruments

  • Explanation of the conditions applicable to the qualification as “money market instrument”
  • Case study related to money market instruments and their eligibility for UCITS

 

3. Derivatives

  • Explanation of the rules applicable to investments in financial derivative instruments
  • Case study related to financial derivative instruments and their eligibility for UCITS

 

4. Overview of the CSSF administrative practice related to specific instruments

  • Loans
  • Contingent convertible bonds (CoCos)
  • Catastrophe bonds (Cat bonds)
  • Securitisation instruments (incl. ABS/MBS)
  • Special Purpose Acquisition Companies (SPACs)
  • Digital assets
  • Case studies related to the eligibility of certain specific instruments for UCITS

 

5. How to take exposure to ineligible assets?

  • Investment in delta one certificates
  • Investment in financial indices
  • Case study related to exposure to ineligible assets

Speakers

Piotr Giemza-Popowski (Cousel, Investment Management, Arendt & Merdernach)

Allison Niccoletti (Associate, Arendt & Medernach)

Target Group

Directors of UCITS; compliance officers, legal officers and risk managers within UCITS management companies, portfolio managers managing UCITS and junior auditors involved in the audit of UCITS.

Duration

3 hours 

Language

English 

Price

€400

 

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

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Piotr Giemza-Popowski
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Allison Niccoletti
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