Delegation by Investment Fund Managers: Regulatory Framework and Best Practices
This focused training provides a comprehensive overview of the regulatory framework governing the delegation of functions by investment fund managers (“IFMs”) in Luxembourg, including Chapter 15 management companies and alternative investment fund managers (AIFMs). Participants will gain a clear understanding of the applicable rules, restrictions, and supervisory expectations that shape delegation.
Beyond the legal framework, the programme places strong emphasis on the practical aspects of delegation. It explores common challenges faced by IFMs in structuring, monitoring, and documenting delegation arrangements, and outlines best practices for ensuring robust oversight of delegates
Supervised by:
Marina Carrer
Senior Manager
About the training session
Objectives
By the end of this training programme, participants will be able to:
- Understand the legal and regulatory landscape surrounding delegation under the Luxembourg UCITS and AIFM frameworks.
- Clarify the roles and responsibilities of IFMs when delegating functions.
- Identify the CSSF’s expectations on substance, governance and oversight, as well as recent regulatory developments and supervisory trends.
- Apply practical guidance on structuring delegation arrangements, ensuring continuous monitoring, and demonstrating effective control.
- Recognize best practices to mitigate compliance risks and align internal processes with regulatory requirements.
Content
- Overview of IFM delegation frameworks
- Scope and limitations of delegation
- Roles and responsibilities of IFMs
- Regulatory expectations and developments
- Substance and oversight requirements
- Structuring effective delegation arrangements
- Reporting requirements
- Practical examples
Speakers
Marina Carrer
Target audience
This session is ideal for compliance officers, conducting officers, board members, and other fund professionals seeking a clear understanding of how to manage delegation arrangements in line with regulatory standards.
For more information please contact us by e-mail institute@arendt.com