PFS Investment Firms only:
The CSSF circular 20/758 on central administration, internal governance and risk management has been published by the CSSF on 07 December 2020, replacing the circular 12/552. It mainly transposes the EBA guidelines on internal governance (EBA/GL/2017/11) and the Joint EBA-ESMA guidelines on the assessment of the suitability of the management body's members and key function holders (EBA/GL/2017/12). It also reinforces the internal governance requirements at all levels of the organisation: board of directors (including specialised committees), authorised management, internal control functions, support functions, etc. In particular, it strengthens the diversity rules and suitability requirements for board members and authorised managers and enhances the roles and responsibilities of the internal control functions.
After a 1-year tolerance period, from 01 January 2022, investment firms are expected to be fully compliant with all provisions of the CSSF circular 20/758.
By the end of this training, the participants will be able to:
Certificat de présence
Cécile Liégeois is a regulatory and audit partner in the banking and PFS industry. With over 20 years of professional experience in Luxembourg, she has developed a deep knowledge of Luxembourg banking and investment firms regulations including MiFID II/MiFIR and governance/compliance.
Isabelle is a managing director at PwC and also a member of the "Association Luxembourgeoise des Compliance Officers" (ALCO) and of the "Association Luxembourgeoise des Juristes de Banques" (ALJB). She has more than 22 years of experience in the financial sector in Luxembourg and her areas of expertise include: banks, investment firms, specialised PFS, support PFS, Electronic Money ("EMI") and Payment Institutions ("PI"), Luxembourg banking regulations, internal governance requirements, licensing and notifications.
Franck is a director working in both regulatory and audit departments.He has been working for 14 years at PwC Luxembourg as an auditor specialised in the audit of banks, Professional of the Financial Sector (PFS) and management companies. For a few years, he is also working as a director in the PwC Luxembourg's Advisory department. Franck regularly helps his regulated clients on several topics such as Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF), internal governance, internal controls and compliance topics.