UCITS/non-UCITS Management Companies and AIFMs

On completion of this course, participants will be able to understand:

• The activities, responsibilities and organisation of UCITS Management Companies
• The activities, responsibilities and organisation of self-managed SICAVs
• The activities, responsibilities and organisation of non-UCITS Management Companies
• The key differences between AIFMs and UCITS Management Companies

• Introduction – Basic principles
• Luxembourg UCITS Management Companies ("Chapter 15 " Management Companies) :
  • Activities
  • Authorisation and operations
  • Delegation
  • Responsibilities
• Self-managed SICAVs (UCITS)
• Non-UCITS management companies ("Article 125-1" Management Companies)
• Activities
• Authorisation and operations
• Alternative Investment Fund Managers ("AAIFMs") – Key differences compared to UCITS Management Companies
  • Scope of activities - exemptions
  • Authorised AIFM vs. registered AIFM
  • Authorization (including own funds requirements, CSSF application questionnaire, etc.) and operations
  • Delegation
  • Responsibilities
  • European passport for AIFMs