Risk assessment of fund distribution

Context

Luxembourg is the leading centre for cross-border fund distribution in Europe. This leading position requires Luxembourg fund managers and global distributors to acquire the keys and tools necessary to understand the multiple relationships and risks involved in fund distribution.

Objectives

At the end of this training, participants will:

• have a clear and precise understanding of the risks related to fund distribution
• be able to develop a holistic internal risk management framework for fund distribution.

Content

During the training, we will focus on the following topics and show how they relate to each other and why this challenges a compartmentalised management of these different subjects.

• Cross-border authorization
  • Cross-border distribution is a reality for most of the asset managers and it may turn into high cost and complexity if it is not properly organized and managed. (the training will include some key CBDF considerations)

• Monitoring the Distributors
  • From one distribution model to another, the nature of the risks and the controls to perform can be very different. What are the main risks attached to intermediation?

• Distribution Contracts Management
  • In terms of distribution, different types of contract and different models exist. Such diversity creates a potential risk for organizations. How to improve risk control in this area?

• Remuneration of Distributors/ Inducements Restrictions
  • The operational complexity and reasons for controlling the distributors’ remuneration.

• AML / KYC
  • Insight on the money laundering risks and investment fund manager’s obligations vis-à-vis transfer agents and direct investors.

• Documentation Compliance and Dispatch
  • Controls to put in place to meet regulatory requirements and local marketing rules.

A special focus will be placed on interaction with participants as well as on question and answer sessions.

Speakers

Our speakers belong to both our specialised and complementary teams and as such, cover all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We invite you to check our training agenda where the speakers are listed on each training session.

Target Group

Controlling members in a management company or global distributors

Duration

6 hours

Languages

English, French.

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