Capital requirements for management companies

Formation intra-entreprise

À qui s'adresse la formation?

Asset managers (ManCos and AIFMs)

Niveau atteint

Avancé

Durée

1,00 heure(s)

Langues(s) de prestation

EN

Prochaine session

Objectifs

Management companies (ManCos) are subject to the minimum capital requirements which rules vary depending on the nature of the provided services.

Moreover, the newly-adopted Investment Firm Directive and Regulation (IFD and IFR) introduced certain amendments affecting ManCos as well.

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.

Contenu

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

Informations supplémentaires

This training will be coordinated by Jean-Philippe Maes, Partner at PwC Luxembourg and Elena Kazmina, Director at PwC Luxembourg.Jean-Philippe is a partner in PwC's Regulatory Compliance services. He leads the firm’s banking and PFS risk Advisory team and is the lead advisor for CRD/CRR topics.

He has over 15 years of experience in Basel III areas and has helped many banks, investment firms and management companies to implement Basel III and to prepare for Basel IV. He has worked in most dimensions of risk management, from operational risk to internal models, encompassing reporting aspects (such as COREP/FINREP) and governance matters.

Lately, Jean-Philippe has been focusing on risk appetite frameworks and the management of non-financial risks such as climate, conduct or reputational risks.

Elena is a director in the regulatory compliance advisory team in PwC Luxembourg having more than 10 years of professional experience.

Her core area of expertise includes 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.

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