Management company branch oversight

Many Luxembourg management companies have branches, notably in Europe. The CSSF highlighted the importance of an effective oversight of these branches. However, implementing an effective branch oversight remains a challenge for many management companies.
In this context, PwC Academy has developed a training programme providing participants with the right level of knowledge along with a set of tools and techniques allowing them to get up to speed and be well-prepared to meet the expectations of the regulator.

This training programme has been developed to provide practical examples for direct implementation across various functions within management companies.

Starting with the participants' company operating model, our expert will illustrate using examples.

By the end of this training, participants will be able to:

• understand the essential elements of the branch oversight framework;
• understand practical aspects of key functions in branch oversight (portfolio management, risk management, compliance, etc).

• Essential elements of the branch oversight framework
• Practical aspects of the branch oversight for:
  • Portfolio management
  • Distribution
  • Central administration
  • Risk management
  • Compliance
  • Internal audit
  • Information technology
  • Corporate accounting

This training is coordinated by Xavier Balthazar, Partner at PwC Luxembourg.

Xavier Balthazar is a partner in the regulatory practice at PwC Luxembourg, specialising in financial sector and funds regulations. He has extensive experience in setting up and restructuring investment funds, management companies, and financial sector professionals both in Luxembourg and internationally, focusing on their organisation, processes, and procedures. Xavier serves as a regulatory compliance expert for depositary banks and fund administrations and leads a regulatory watch service for banks and asset managers. His expertise includes legal and regulatory aspects of investment funds, licensing of financial professionals, and UCITS and alternative investment funds. He has contributed to client projects involving licensing, compliance adaptation, fund administration, and regulatory training, and is a recognised speaker at industry conferences.