Capital requirements for management companies

The management companies (ManCos) are subject to the minimum capital requirements which rules vary depending on the nature of the provided services. More over, the newly-adopted Investment Firm Directive and Regulation (IFD and IFR) introduced certain amendments affecting also ManCos. This training gives you an overview of the capital requirements rules applicable to Luxembourg based ManCos and highlights recent updates.

By the end of this course, participants will gain a deep understanding of how to ensure that their companies are fully compliant with the capital requirements applicable depending on the provided services.

The training programme covers such key topics as:

• Regulatory landscape
• Definition and composition of the regulatory own funds
• Minimum capital requirements
• Solvency ratio calculation and applicable thresholds

Elena Kazmina is a senior manager in the regulatory compliance advisory team in PwC Luxembourg having more than 10 years of professional experience. Her core area of expertise includes such topics as prudential framework stemming from the Basel committee guidelines as well as underlying regulatory reporting and disclosures, internal governance and risk management, ESG and climate risk, financial reporting and disclosures (IFRS). She holds certification from the Association of Chartered Certified Accountants (ACCA) and Climate Risk Certificate from Global Association of Risk Professionals (GARP). Over the past 7 years, Elena worked closely with Luxembourg based credit institutions, investment firms and management companies supporting them in ensuring the compliance with the applicable regulatory and legislative framework, encompassing EU-level regulations and directives, EBA guidelines Luxembourg-specific laws and CSSF circulars.