Management company delegation oversight

In today's world, management companies often rely on third parties for their day-to-day activities.

The CSSF circular 18/698 highlights the regulator's expectations for these companies to have effective delegation. However, the implementation of such oversight remains a challenge for many management companies.

In this context, PwC Academy has developed a training programme that equips participants with the right level of knowledge, along with a set of tools and techniques. This will enable them to quickly get up to speed and ensure compliance with regulatory requirements.

Using practical examples, this training has been designed to facilitate direct implementation for most of the participants' management company's delegations.

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

• understand the functions which can or cannot be delegated;
• understand the essential elements of the delegation oversight framework;
• understand practical aspects of the delegation oversight for certain functions: portfolio management, distribution, central administration, risk management, compliance, internal audit, information technology and corporate accounting.

• Functions which can be delegated or not
• Essential elements of the delegation oversight framework
• Practical aspects of the delegation 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.